Systematic Industries Allots 14.57 Lakh Shares at ₹228

Systematic Industries Limited has approved the allotment of 14,57,400 equity shares at an issue price of ₹228 per share (including a premium of ₹218). This preferential allotment, totaling ₹33.23 Crore (₹33,22,87,200), was made to the Promoter Group and Non-Promoter Category on a cash and share swap basis. Consequently, the company's paid-up equity capital has increased. As part of the share swap, Systematic Industries will acquire 99.96% of Wire Brigade Industries Private Limited (WBIPL), making WBIPL a wholly-owned subsidiary. The company also reported its unaudited financial results for the half-year ended September 30, 2026, showing a profit of ₹1,275.43 Lacs.