NEWSPAPER ADVERTISEMENT NOTICE FOR MEETINGS OF EQUITY SHAREHOLDERS AND UNSECURED CREDITORS, CONVENED PURSUANT TO THE ORDER PASSED BY HON'BLE NATIONAL COMPANY LAW TRIBUNAL, NEW DELHI BENCH
RSYSTEMS · price
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R Systems International Limited has published a newspaper advertisement (Business Standard, English and Hindi) on June 28, 2025, giving notice of meetings to be held pursuant to an NCLT order dated May 22, 2025 read with June 10, 2025. The meetings are to consider a Composite Scheme of Amalgamation of Velotio Technologies Private Limited and Scaleworx Technologies Private Limited (both amalgamating companies) into R Systems International Limited (the amalgamated company). Meetings of R Systems' equity shareholders (10:00 AM), its unsecured creditors (12:00 Noon), and unsecured creditors of Velotio Technologies (3:30 PM) will all be held on July 31, 2025 via video conference. Remote e-voting is open from July 1, 2025 to July 30, 2025 through MUFG Intime, and voting results will be announced on or before August 4, 2025. The scheme, if approved, will then require final NCLT sanction.
This is a procedural step in the amalgamation process. Shareholders should review the scheme and explanatory statement and exercise their vote by July 30, 2025. The merger will only become effective after approval at these meetings and subsequent NCLT sanction; near-term impact on the stock is likely limited as no swap ratio or financial terms are disclosed in this particular notice.