SANCTION OF COMPOSITE SCHEME OF AMALGAMATION OF VELOTIO TECHNOLOGIES PRIVATE LIMITED AND SCALEWORX TECHNOLOGIES PRIVATE LIMITED WITH R SYSTEMS INTERNATIONAL LIMITED
RSYSTEMS · price
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R Systems International Limited has received sanction from the Hon'ble National Company Law Tribunal (NCLT), New Delhi Bench, for a composite scheme of amalgamation. The NCLT order dated April 16, 2026 approves the merger of Velotio Technologies Private Limited and Scaleworx Technologies Private Limited (Transferor Companies) with R Systems International Limited (Transferee Company). The scheme is under Sections 230 to 232 of the Companies Act, 2013. The effective date is pending fulfillment of conditions specified in Clause 22 of the scheme, and a certified copy of the order is awaited. This follows the company's earlier communications dated September 2024, February 2025, April 2025, and May 2025.
This amalgamation will consolidate Velotio and Scaleworx into R Systems, potentially strengthening the company's capabilities and market position. Shareholders may see positive impact from the expanded operations and synergies. The scheme becomes effective upon meeting specified conditions.