Systematic Industries Acquires WBIPL, Plans ₹339 Cr Preferential Issue

Systematic Industries Ltd announced its Board of Directors approved the acquisition of 100% equity shares of Wire Brigade Industries Private Limited (WBIPL) for ₹21,500 per share. The acquisition will be partly settled through a share swap involving 9,42,600 equity shares of Systematic Industries and partly through cash for a small portion. Additionally, the company plans a preferential issue of up to 14,88,600 equity shares at ₹228 per share, aggregating up to ₹33,94,00,800, to both promoter and non-promoter groups. The EGM cut-off date is set for September 25, 2026.