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R S Software updates its business operations during Covid pandemic

In the long run, company expects to see a positive impact to their business.

June 04, 2021 12:35 IST | India Infoline News Service
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R S Software Limited has informed about the business update during the period of Covid-19.

The company is in the business of building technology for digital payments and all its employees have been working from home since 20th March, 2020.

The situation was improving but now the second wave of Covid-19 continues to make public transportation a challenge in Kolkata, the city where company’s largest employee population is located.

"We are absolutely committed to the health and safety of our employees, and hence the reopening of our offices will be based on the assessment of the safety of the environment, and Vaccination of our employees. We continue to track the productivity to deliver the work to all our clients", said company.

As an impact of COVID -19, the demand for digital and contact less payment services were expected to be on the increase. The company is in the business of providing digital solutions to Payments Industry.

The Company being a Technology driven entity has the ability to continue its operations remotely. As such all its employees can access the IT infrastructure from their homes and ensure continuity of operations.

The Company has advised its employees to Work from Home until further notice We will open office at a suitable time keeping in view health and safety the of employees.

The Company has exercised its Business Continuity Plan (BCP) wherein all its employees are able to work from home and ensure Continuity of Operations.

In the long run, company expects to see a positive impact to their business as a result of COVID 19 as the demand for digital and contact less payment technologies are expected to be on the increase. Yet, since all risks emerging from the impact of COVID 19 are still not known, the company will continue to monitor the same closely.

At around 12:35 PM, R S Software was trading at Rs28.45 apiece up by Rs0.25 or 0.89% from its previous closing of Rs28.20 apiece on the BSE.

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