TVS Electronics Ltd invests in RoyalPos

TVS Electronics Ltd has signed Share Subscription Agreement ("SSA") and Shareholders Agreement ("SHA") with M/s Swiftomatics Services Private limited (RoyalPos) on 17 September 2022 to subscribe 2000 Nos. of Optionally Convertible and Redeemable Preference Shares (OCRPS) of Rs. 2500 per OCRPS, with an option to convert into equity shares at the end of the Financial Year 2026-27.

RoyalPos provides end to end SaaS based application to retail merchants, restaurants and aims to empower small and medium sized enterprises by digitalising and automating daily operations. The Company has integrated its Point of Sale products to offer efficient billing solutions to its interested customers.

Source : Equity Bulls

Keywords

TVSElectronics Investment SwiftomaticsServices ROyalPos OCRPS