R Systems completes amalgamation of Velotio and Scaleworx, reshapes capital structure

R Systems International Limited ( (IN:RSYSTEMS) ) has shared an announcement.

R Systems International Limited has completed a composite scheme of amalgamation under which Velotio Technologies Private Limited and Scaleworx Technologies Private Limited have been merged into the company, effective May 1, 2026, with an appointed date of April 1, 2024. Following the National Company Law Tribunal’s sanction and filings with the Registrar of Companies, both transferor entities stand dissolved without winding up, streamlining the group structure.

As part of the scheme, R Systems has increased and reclassified its authorised share capital to INR 20.7 crore, comprising equity and preference shares, and has amended its Memorandum and Articles of Association to reflect this new capital structure. The company will consider the allotment of optionally convertible redeemable preference shares to eligible shareholders of Velotio, a move that reshapes its capital framework and may enhance flexibility in funding and shareholder alignment after the integration.

More about R Systems International Limited

R Systems International Limited is an India-based IT and IT-enabled services provider, operating through facilities such as its IT/ITES SEZ office in Greater Noida, Uttar Pradesh. Listed on both the National Stock Exchange of India and BSE, the company focuses on technology solutions, leveraging subsidiaries and amalgamations to expand its capabilities and shareholder base.

Average Trading Volume: 274,544

Technical Sentiment Signal: Hold

Current Market Cap: 31.08B INR

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