R Systems International Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.
RSYSTEMS · price
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R Systems International Limited has announced that its Composite Scheme of Amalgamation involving Velotio Technologies Private Limited and Scaleworx Technologies Private Limited has become effective from May 1, 2026. The Hon'ble NCLT had sanctioned the scheme on April 16, 2026, and the certified copy was filed with the Registrar of Companies on May 1, 2026. As a result, both transferor companies are now dissolved without winding up. The company's authorised share capital has been increased to INR 20.70 crore, comprising 20.18 crore equity shares and 52 lakh preference shares of INR 1 each. The Articles of Association have been amended to include terms for optionally convertible redeemable preference shares (OCRPS). The Board will meet on May 6, 2026 to consider OCRPS allotment to the shareholders of Velotio Technologies.
The amalgamation strengthens R Systems by merging two technology companies, expanding its capabilities. The increased authorised capital and OCRPS issuance indicate potential dilution or new equity structure for existing shareholders.