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R Systems International Limited ( (IN:RSYSTEMS) ) has provided an announcement.
R Systems International has secured approval from the National Company Law Tribunal in New Delhi for a composite scheme of amalgamation involving Velotio Technologies and Scaleworx Technologies. With all conditions met and filings completed, the scheme became effective on May 1, 2026, with an appointed date of April 1, 2024, resulting in the dissolution of both transferor companies without winding up.
Following the merger, R Systems has increased and reclassified its authorised share capital and amended its Memorandum and Articles of Association to accommodate new optionally convertible redeemable preference shares. The board is set to consider allotment of these preference shares to eligible shareholders of Velotio Technologies based on a previously set record date, signaling a capital structure realignment and integration of the acquired entities into R Systems’ corporate framework.
More about R Systems International Limited
R Systems International Limited is an Indian IT and IT-enabled services provider headquartered in New Delhi with a corporate office in Greater Noida, Uttar Pradesh. The company focuses on technology solutions and services for global clients, operating within the IT/ITES and software services sector and listed on both the National Stock Exchange and BSE in India.
Average Trading Volume: 274,544
Technical Sentiment Signal: Hold
Current Market Cap: 31.08B INR
For detailed information about RSYSTEMS stock, go to TipRanks’ Stock Analysis page.