Systematic Industries Issues Corrigendum for EGM Notice

Systematic Industries Ltd has issued a corrigendum to its Extra-Ordinary General Meeting (EGM) notice originally dated September 8, 2026. The corrigendum, dispatched on September 25, 2026, clarifies and amends specific details within the EGM notice, which is scheduled for October 1, 2026. The primary amendment concerns Resolution No. 1, related to the creation, offer, issue, and allotment of up to 14,88,600 equity shares at INR 228.00 each via private placement and preferential basis. The corrigendum specifically addresses Point (e) of the Explanatory Statement regarding the basis and justification of the issue price, clarifying that certain ICDR Regulations will not be applicable due to the allotment size being less than 5% of the post-issue equity share capital.