Merger16 Apr 2026, 07:41 pm
NCLT sanctions R Systems' amalgamation with Velotio & Scaleworx
AI Summary
The National Company Law Tribunal (NCLT), New Delhi Bench, has sanctioned the composite scheme of amalgamation of Velotio Technologies Private Limited and Scaleworx Technologies Private Limited with R Systems International Limited. The order was issued on April 16, 2026. This scheme, which combines the two transferor companies into R Systems International, will become effective upon the fulfillment of specific conditions outlined in Clause 22 of the scheme. A certified copy of the NCLT order is currently awaited.
Key Highlights
- NCLT sanctioned the amalgamation of Velotio and Scaleworx with R Systems.
- The order was issued by the New Delhi Bench on April 16, 2026.
- Scheme effectiveness is contingent on fulfilling Clause 22 conditions.
- Certified copy of the NCLT order is currently awaited.