With reference to Increase in Price, R.S. Software (India) has clarified that they have also observed this spurt in volume of their shares and fluctuation in price over last few weeks. They certainly believe in keeping the stock exchanges notified of any development in the Company of the best of knowledge and ability pursuant to Clause 36 of the Listing Agreement. Currently there has been no substantial change in the business of the Company and they have been receiving new business in ordinary course.In recent times they bagged a contract with NPCI of relatively small volume but as any other new opportunity the same also has future business potential. They believe that this being business added in ordinary course would not be considered as an information under Clause 36 of the Listing Agreement.
The above information is a part of company’s filings submitted to BSE.
