R Systems International Completes Amalgamation with Velotio and Scaleworx, Effective May 1, 2026
R Systems International's amalgamation with Velotio Technologies and Scaleworx is effective May 1, 2026. The company's authorized capital increases to ₹20.70 crore. The Board will consider allotting optionally convertible redeemable preference shares on May 6, 2026.
The amalgamation involves the dissolution of two companies and a substantial increase and reclassification of the authorized share capital, along with the issuance of new preference shares, indicating a high impact on the company's structure and potential future operations.
The amalgamation is a significant corporate action that is expected to lead to business consolidation and potential growth, making it a positive development for the company.
R Systems International Limited has announced the completion of its composite scheme of amalgamation with Velotio Technologies Private Limited and Scaleworx Technologies Private Limited. The National Company Law Tribunal, New Delhi Bench, sanctioned the scheme via an order dated April 16, 2026. The certified copy of this order was filed with the Registrar of Companies on May 1, 2026, making the scheme effective from the same date. Consequently, Velotio Technologies and Scaleworx Technologies have been dissolved without winding up.
As a result of the amalgamation, the Memorandum of Association (MOA) of R Systems International Limited has been altered. The authorized share capital has been increased and reclassified to ₹20,70,00,000 (Rupees Twenty Crore and Seventy Lakh only), comprising 20,18,00,000 equity shares of ₹1 each and 52,00,000 preference shares of ₹1 each.
Furthermore, the Articles of Association (AOA) have been amended and restated to incorporate the terms and conditions for optionally convertible redeemable preference shares (OCRPS) to be issued under the scheme. The Board of Directors is scheduled to consider the allotment of these OCRPS on May 6, 2026. The OCRPS will be issued to the existing shareholders of Velotio Technologies, based on their beneficial ownership recorded as of April 17, 2026 (the record date).
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R Systems International Limited filed this with the NSE as a statutory disclosure, categorised under amalgamation. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by R Systems International Limited. Read the original for the full detail.