R Systems International Limited has informed the Exchange regarding Notice of NCLT Convened Meeting of equity shareholders of the Company to be held on July 31, 2025
RSYSTEMS · price
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R Systems International Limited has informed exchanges about an NCLT-ordered meeting of equity shareholders scheduled for Thursday, July 31, 2025 at 10:00 AM via video conferencing. The meeting is to consider and approve a composite scheme of amalgamation of Velotio Technologies Private Limited and Scaleworx Technologies Private Limited into R Systems. Remote e-voting will run from July 1 to July 30, 2025, with the cut-off date for eligibility set as June 24, 2025. The scheme requires approval by a majority representing three-fourths in value of equity shareholders, and additionally, public shareholders' votes in favour must exceed those against. Results are expected by August 4, 2025. KPMG Valuation Services LLP is the registered valuer, and Corporate Professionals Capital Private Limited has given the fairness opinion. NSE and BSE had already issued observation letters on the scheme on February 28, 2025.
For shareholders, this is the next key step in merging two private tech firms (Velotio and Scaleworx) into the listed R Systems. If approved, the swap ratio determined by the valuation will dictate share issuance and dilution for existing shareholders. Shareholders should review the explanatory statement, valuation report, and fairness opinion before voting, as the scheme will reshape the company's structure and capital base.