StockWatch
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Stockbroking & Allied
Investment29 Jul 2026, 06:40 pm

Systematix Invests ₹2.5 Cr in Wholly-Owned Subsidiary

AI Summary

Systematix Corporate Services Ltd has invested ₹2.5 Crores in its wholly-owned subsidiary, Systematix Wealth & Asset Services Private Limited (SWASPL), through a rights issue. The investment comprises 25,00,000 equity shares of ₹10 each, subscribed at par. SWASPL, which focuses on Alternative Investment Funds, Wealth Management, and distribution services, had a turnover of ₹193.06 Lakhs for the financial year ended March 31, 2026. This investment is intended to meet SWASPL's working capital requirements. The transaction is considered a related party transaction but is conducted at arm's length. There will be no change in Systematix Corporate Services Ltd's shareholding percentage in SWASPL.

Key Highlights

  • Systematix Corporate Services invested ₹2.5 Cr in its subsidiary SWASPL.
  • Investment made via rights issue to meet subsidiary's working capital needs.
  • SWASPL focuses on wealth management and alternative investment funds.
  • Transaction is a related party deal at arm's length.
  • No change in parent company's shareholding percentage.