The Board of Directors of R Systems International Limited (“Company”) at its meeting held on May 6, 2026, commenced at 7:15 P.M. (IST) and concluded at 08:20 P.M. (IST) has, inter-alia, approved the allotment of 5,160,833 optionally convertible redeemable preference Shares (“OCRPS”) of face value of INR 1/- each to Mr. Kalpak Rajkumar Shah, Mr. Chirag Hemant Jog, Mr. Madhur Suresh Nawandar, Pranav Gangadhar Kulkarni, Mrs. Samata Rajkumar Shah and Mr. Hemant Waman Jog, shareholders of Velotio Technologies Private Limited as on the Record Date, in terms of the composite scheme of amalgamation of Velotio Technologies Private Limited and Scaleworx Technologies Private Limited with the Company approved by the Hon’ble National Company Law Tribunal, New Delhi, vide its Order dated April 16, 2026.
RSI is a trusted software engineering and digital transformation services partner to global enterprises navigating technological change. RSI enables technology companies, SaaS platforms, and enterprises to solve real-world challenges, accelerate time to market, and scale Al-driven innovation across the full software development lifecycle and business automation. With proven Al fluency at every layer of the technology stack, RSI helps clients not only adopt Al, but operationalize it, embedding intelligence into products, platforms, and processes. RSI’s Al Studio, EXIQO, brings together AIEV-trained engineers (RSI’s proficiency-based certification framework across Al, to drive engineering velocity) and the enterprise-ready Optima Al platform to orchestrate and deliver Al-led transformation.
