Capricorn Systems Global Solutions Announces Amalgamation with Radical Bio-Organics Limited

Capricorn Systems Global Solutions Announces Amalgamation with Radical Bio-Organics Limited​

Capricorn Systems Global Solutions Limited announced that its Board of Directors approved a Scheme of Amalgamation involving M/s. Radical Bio-Organics Limited with and into Capricorn Systems Global Solutions Limited. The board meeting to consider and approve the amalgamation was held on April 11, 2026.

The amalgamation involves the Transferor Company, M/s. Radical Bio-Organics Limited, merging with the Transferee Company, M/s. Capricorn Systems Global Solutions Limited, along with their respective Shareholders and Creditors.

The boards meeting commenced at 4.30 p.m. and concluded at 5.05 p.m.

Financial Overview of Entities​

The details regarding the entities forming part of the merger, for the period ended February 28, 2026, are summarized below.


The transaction was confirmed not to fall within a related party transaction.

Business Focus and Amalgamation Rationale​

Capricorn Systems Global Solutions Limited is primarily engaged in the import, export, and dealing in commodities, including crops, minerals, textiles, food and beverages, and manufactured goods, with minor revenue from software services. Radical Bio-Organics Limited operates in the business of manufacturing Extra Neutral Alcohol (ENA), Impure Spirit (IS), Dried Distiller Grain with Soluble (DDGS), and Solid Carbon Dioxide (CO2).

The rationale provided for the amalgamation highlights several expected benefits for the combined entity. These include strategic business diversification and risk mitigation, offering entry into the manufacturing distillery products and by-products sector to diversify operations away from volatile commodity trading.

Operational synergies are anticipated through optimized procurement using consolidated purchasing power and standardized processes. The combination is also expected to streamline logistics and supply chain operations via shared infrastructure and to rationalize common functions such as administration, finance, human resources, and information technology, thereby reducing overheads.

In terms of cost synergies, the elimination of overlapping functions, including administration, finance, human resources, and information technology, along with enabling bulk procurement, is expected to enhance profitability.

The combined entity is projected to demonstrate a strengthened financial profile with higher revenues, improved profitability, and enhanced cash flows, which could support a potential re-rating of the company's shares. Furthermore, the integration of Radical Bio-Organics Limited's manufacturing capabilities with Capricorn Systems Global Solutions Limited's trading expertise is expected to strengthen the overall market position.

Consideration and Shareholding Pattern​

The share exchange ratio for the amalgamation is set at 01 (One) fully paid-up equity share of the Transferee Company for every 01 (One) fully paid-up equity share of the Transferor Company.

Upon the Scheme becoming effective, Capricorn Systems Global Solutions Limited will issue and allot equity shares to the equity shareholders of Radical Bio-Organics Limited as per the stated ratio to the equity shareholders of Radical Bio-Organics Limited as on the Record Date. All equity shares of Radical Bio-Organics Limited shall stand extinguished.

Stock Price Movement​

Capricorn Systems Global Solutions Ltd closed Monday at ₹11.01, slipping 0.09% on the day. Throughout the session, the shares fluctuated within a range set by a low of ₹10.47 and a high of ₹11.02.

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