R Systems International Limited's Board of Directors, in a meeting held on May 6, 2026, approved the audited standalone and unaudited consolidated financial results for the quarter ended March 31, 2026. The meeting commenced at 7:15 PM IST and concluded at 8:20 PM IST. Key decisions included the allotment of 5,160,833 optionally convertible redeemable preference shares (OCRPS) with a face value of ₹1 each to specific shareholders of Velotio Technologies Private Limited. This allotment is in accordance with the composite scheme of amalgamation of Velotio Technologies Private Limited and Scaleworx Technologies Private Limited with R Systems International Limited, as approved by the National Company Law Tribunal, New Delhi, on April 16, 2026. The OCRPS will remain unlisted and will adhere to the terms specified in the Company's Articles of Association and the Scheme. Furthermore, the Board accepted the resignation of Mr. Bhasker Dubey as Company Secretary & Compliance Officer, effective May 6, 2026. Concurrently, Mr. Piyush Jain was appointed as the new Company Secretary & Compliance Officer, effective May 7, 2026. Mr. Jain has also been authorized as the responsible person for determining the materiality of events and making disclosures to the stock exchanges. The key managerial personnel responsible for material disclosures now include Mr. Nitesh Bansal (Managing Director & CEO), Mr. Nand Sardana (Chief Financial Officer), and Mr. Piyush Jain (Company Secretary & Compliance Officer).
