Corporate Action3 Nov 2026, 06:40 pm
Systematic Industries approves results, allots 14.57 Lakh shares
AI Summary
Systematic Industries Limited announced the approval of its standalone unaudited financial results for the half-year ended September 30, 2026. The company also approved the allotment of 14,57,400 equity shares at an issue price of ₹228.00 per share, aggregating to ₹33,22,87,200. This preferential allotment increases the company's paid-up equity capital. Concurrently, through a share swap, the company will acquire 99.96% of Wire Brigade Industries Private Limited (WBIPL), making WBIPL a wholly-owned subsidiary.
Key Highlights
- Standalone unaudited financial results for H1 FY27 approved.
- 14,57,400 equity shares allotted on preferential basis.
- Total funds raised via preferential allotment: ₹33.23 Crore.
- Acquisition of 99.96% stake in WBIPL completed via share swap.
- WBIPL becomes a wholly-owned subsidiary post-acquisition.
Price Impact
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