We wish to inform you that the Composite Scheme of Amalgamation of Velotio Technologies Private Limited and Scaleworx Technologies Private Limited with R Systems International Limited has ....
RSYSTEMS · price
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R Systems International has completed the amalgamation of two subsidiaries - Velotio Technologies Private Limited and Scaleworx Technologies Private Limited - into the parent company. The National Company Law Tribunal (NCLT) sanctioned the scheme on April 16, 2026, and it became effective from May 1, 2026, with an appointed date of April 1, 2024. Both transferor companies are now dissolved without winding up. The company's authorized share capital has been increased to INR 20.7 crore, comprising 20.18 crore equity shares and 52 lakh preference shares of INR 1 each. The company will issue Optionally Convertible Redeemable Preference Shares (OCRPS) to Velotio shareholders as per their entitlements, with a record date of April 17, 2026.
This amalgamation consolidates two private tech companies into the listed entity, potentially expanding R Systems' service capabilities and market presence. Shareholders of Velotio will receive OCRPS, which may dilute existing equity but could also create value through synergies.