Capricorn Systems Global Solutions Limited has successfully concluded its board meeting on April 11, 2026, approving the scheme of amalgamation with Radical Bio-Organics Limited. The meeting, which commenced at 4:30 p.m. and concluded at 5:05 p.m., marked the completion of the corporate restructuring initiative previously announced on April 08, 2026.

Board Meeting Outcome and Approval

The Board of Directors formally considered and approved the Scheme of Amalgamation of Radical Bio-Organics Limited (Transferor Company) with and into Capricorn Systems Global Solutions Limited (Transferee Company) along with their respective shareholders and creditors. The approval was communicated to BSE Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Profile and Business Operations

The amalgamation brings together two entities with complementary business profiles. Capricorn Systems Global Solutions Limited, the listed transferee company, operates primarily in import, export, and commodity trading including crops, minerals, textiles, food and beverages, and manufactured goods, with minimal revenue from software services.

Radical Bio-Organics Limited specializes in manufacturing Extra Neutral Alcohol (ENA), Impure Spirit (IS), Dried Distiller Grain with Soluble (DDGS), and Solid Carbon Dioxide (CO₂).

Strategic Rationale and Benefits

The amalgamation is designed to achieve strategic business diversification and risk mitigation by providing the combined entity substantial entry into the high-growth manufacturing sector of distillery products. This move reduces reliance on volatile commodity trading business while offering more predictable revenue streams.

Key expected benefits include:

• Operational Synergies: Optimized procurement through consolidated purchasing power, streamlined logistics, and rationalization of common functions
• Cost Synergies: Elimination of overlapping functions in administration, finance, human resources, and information technology
• Financial Benefits: Strengthened financial profile with higher revenues, improved profitability, and enhanced cash flows
• Market Position: Enhanced market capitalization and improved share liquidity through diversification

Share Exchange and Implementation

The approved scheme establishes a 1:1 share exchange ratio, where shareholders of Radical Bio-Organics Limited will receive one fully paid-up equity share of Capricorn Systems Global Solutions Limited for every one fully paid-up equity share held in the transferor company. Upon scheme effectiveness, all equity shares of Radical Bio-Organics Limited will stand extinguished.

The transaction does not fall within related party transactions, ensuring arm's length compliance. The combined entity's IT department will play a crucial role in supporting both commodity trading operations through real-time market tracking and manufacturing processes through automated production and supply chain management systems.

Capricorn Systems Global Solutions Limited has submitted its mandatory regulatory certificate to the Bombay Stock Exchange, fulfilling compliance requirements under SEBI's listing regulations for the financial year ended 31st March, 2026.

Regulatory Compliance Filing

The company filed its certificate under Regulation 40(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, on 7th April, 2026. Managing Director Manmohan Rao Suddhala signed the submission letter, which was addressed to the Bombay Stock Exchange.

Certificate Findings

Mr. Aakash Agarwal of Aakash Agarwal S & Co, Company Secretaries, conducted the examination and issued the compliance certificate on 10th April, 2026. His review covered all share transfer forms, memorandum of transfers, registers, and related documents maintained with the company's Registrar and Transfer Agent, Venture Capital and Corporate Investments Private Limited.

The certificate confirms two key compliance points for the period from 1st April, 2025 to 31st March, 2026:

• No Demat/Remat Requests: The company received no requests for dematerialization, rematerialization of shares, or issuance of duplicate, split, or consolidated share certificates
• No Transfer Requests: No share transfer requests were received for effecting transfers, subdivisions, splits, consolidations, exchanges, or endorsements

Company Information

This regulatory filing represents standard compliance with SEBI's requirements for listed companies to maintain transparency regarding share transfer activities and demonstrates Capricorn Systems' adherence to statutory obligations.