SUMMARY OF PROCEEDINGS OF NATIONAL COMPANY LAW TRIBUNAL CONVENED MEETING OF THE EQUITY SHAREHOLDERS OF R SYSTEMS INTERNATIONAL LIMITED HELD ON THURSDAY, JULY 31, 2025 AT 10:00 A.M.
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R Systems International Limited held an NCLT-ordered virtual meeting of its equity shareholders on July 31, 2025, at 10:00 AM to consider and approve a Composite Scheme of Amalgamation. Under the scheme, Velotio Technologies Private Limited and Scaleworx Technologies Private Limited will merge into R Systems under Sections 230–232 of the Companies Act, 2013. The NCLT had directed the meeting through orders dated May 22, 2025, and June 10, 2025. The initial quorum of 75% by value was not met at the start, so the meeting was adjourned for 30 minutes and resumed at 10:34 AM with sufficient quorum. Shareholders were given remote e-voting (July 1–30) and in-meeting voting options, with the meeting concluding at 11:05 AM. The voting results are pending and will be shared with stock exchanges shortly.
If approved by shareholders and the NCLT, this amalgamation will bring Velotio Technologies and Scaleworx Technologies into R Systems, potentially expanding its technology and product engineering capabilities. The actual shareholder voting outcome is not disclosed in this filing, so the impact on stock price remains pending the e-voting results.