Systematic Industries Ltd

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.

Systematic Industries Limited has secured a significant order worth ₹82.42 crore from Power Grid Corporation of India Limited (POWERGRID) for the supply and installation of Optical Ground Wire (OPGW) for various transmission lines across India. This order, awarded through a competitive bidding process, marks a milestone for Systematic Industries as it expands its capabilities into new-age infrastructure solutions beyond its traditional wire business. OPGW, a specialized cable that protects power lines and facilitates high-speed communication, represents a growing intersection of power and communication infrastructure. The company views this as a key area for future growth and is committed to efficient project execution.

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.

Systematic Industries Ltd announced its Board of Directors approved the acquisition of 100% equity shareholding in Wire Brigade Industries Private Limited (WBIPL) for ₹21,500 per share. The acquisition involves 10,000 equity shares, with consideration paid partly in cash and partly through a share swap. Specifically, 9,996 shares will be exchanged for 9,42,600 Systematic Industries shares at ₹228 each, while 4 shares will be settled in cash for ₹86,000. This transaction, valued at approximately ₹21.5 crore, is subject to shareholder and stock exchange approvals. The company also plans to issue up to 14,88,600 equity shares on a preferential basis to promoters and non-promoters.

Systematic Industries Ltd announced its Board of Directors has approved the acquisition of 100% equity in Wire Brigade Industries Private Limited (WBIPL) for a consideration involving cash and share swap. The company will issue 9,42,600 equity shares on a preferential basis to Veritas Industries Private Limited (Promoter Group) as part of the share swap. Additionally, the Board approved the creation, offer, issue, and allotment of up to 14,88,600 equity shares at ₹228 each, aggregating up to ₹339.40 crore. These shares will be issued for cash and consideration other than cash (share swap) on a private placement and preferential basis to both promoter and non-promoter allottees. The acquisition and share issuance are subject to shareholder and stock exchange approvals.

Systematic Industries Limited announced the acquisition of 100% equity in Wire Brigade Industries Private Limited for ₹21.50 Crore, funded by a mix of share swap and cash. This strategic move expands Systematic's manufacturing capacity to 1.72 Lakh MT, adding a facility in Howrah, West Bengal, to cater to Eastern India. Concurrently, the company is raising ₹33.94 Crore through a preferential issue at ₹228 per share. This includes ₹21.49 Crore for the Wire Brigade acquisition via share swap and ₹12.45 Crore in cash from identified investors, strengthening its capital base and manufacturing footprint.

Systematic Industries Ltd announced board approval for the acquisition of 100% equity in Wire Brigade Industries Private Limited (WBIPL) for a total consideration of ₹21.5 crore. The acquisition will be funded through a combination of share swap, involving the issuance of 9,42,600 equity shares of Systematic Industries at ₹228 per share to Veritas Industries Private Limited, and a cash payment of ₹86,000 for the remaining shares. Additionally, the company plans to raise up to ₹33.94 crore by issuing 14,88,600 equity shares at ₹228 each on a preferential basis to promoters and non-promoters. Both transactions are subject to shareholder and regulatory approvals.

Systematic Industries Ltd has announced a Board of Directors meeting scheduled for September 8, 2026. The primary agenda item is to consider and approve a proposal for raising funds through the issuance of equity shares. This will be done via a preferential issue and private placement, potentially for cash or share swap, subject to necessary approvals. Additionally, the company has implemented a trading window closure for designated persons and their relatives from the notice date until 48 hours after the board meeting concludes, in line with SEBI's insider trading regulations.

Systematic Industries Ltd has dispatched letters to shareholders whose email addresses are not registered, providing a weblink to access the Integrated Annual Report for FY 2025-26 and the Notice of the 26th Annual General Meeting. This action is in compliance with SEBI Listing Regulations. The 26th AGM will be held on September 22, 2026, via Video Conferencing. Shareholders are urged to register their KYC details to ensure they receive future communications electronically. The company also provides contact information for its Registrar and Transfer Agent for further assistance.

Systematic Industries Ltd announced its 26th Annual General Meeting (AGM) will be held on Tuesday, September 22, 2026, at 01:30 P.M. (IST) via Video Conferencing. The company also submitted its Annual Report for the Financial Year 2025-26. Key dates include a cut-off date for e-voting eligibility of September 15, 2026, and a remote e-voting period from September 19 to September 21, 2026. The Annual Report highlights the company's deep vertical integration, status as India's only integrated OPGW manufacturer, entry into ACS, OPGW, and OFC businesses in FY25, and a strong financial track record, including being Net Debt Free as of March 31, 2026, with significant CAGR growth in Revenue, EBITDA, and PAT from FY23 to FY26.