R Systems International Limited announced the outcome of its Board Meeting held on May 6, 2026. The board approved the audited standalone and unaudited consolidated financial results for the quarter ended March 31, 2026. Additionally, the company approved the allotment of 5,160,833 optionally convertible redeemable preference shares (OCRPS) to shareholders of Velotio Technologies Private Limited and Scaleworx Technologies Private Limited as part of a composite scheme of amalgamation. The board also noted the resignation of Mr. Bhasker Dubey as Company Secretary & Compliance Officer, effective May 6, 2026, and appointed Mr. Piyush Jain as the new Company Secretary & Compliance Officer, effective May 7, 2026. Mr. Piyush Jain has also been authorized as the person responsible for material disclosures to stock exchanges. The company also confirmed the non-applicability of the security cover certificate for its 9.75% listed, rated, unsecured, senior, redeemable, Non-Convertible Debentures. The financial results for the quarter ended March 31, 2026, show consolidated revenue from operations of ₹5,747.68 million and a profit after tax of ₹654.14 million. Standalone revenue from operations was ₹3,203.41 million with a profit after tax of ₹628.92 million. The amalgamation of Velotio Technologies Private Limited and Scaleworx Technologies Private Limited with R Systems International Limited became effective from May 1, 2026, following the National Company Law Tribunal's order on April 16, 2026. The appointed date for the amalgamation is April 1, 2024. As part of the scheme, 5,160,833 OCRPS of face value Re. 1 each were allotted to the erstwhile shareholders of Velotio Technologies Private Limited, valued at ₹2,407.00 million.
