Systango promoters declare no encumbrance on shares in FY26

Promoters of systango technologies have declared that no encumbrance was created on the company's shares during the financial year ended March 31, 2026. This disclosure, submitted to the National Stock Exchange of India Limited, confirms that the promoters and persons acting in concert did not pledge shares directly or indirectly throughout the period. The declaration is significant as it indicates the absence of leveraging promoter holdings, which is a key metric for corporate governance and financial stability.

The filing was made pursuant to Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters to disclose any encumbrance on shares to ensure transparency in shareholding patterns. The confirmation of zero encumbrance suggests that the promoter group's shareholding remains free from liens or charges.

The declaration covers the promoters and promoter group members, including Mrs. Vinita Rathi and Mr. Nilesch Rathi, who are designated as Promoters. The Promoter Group members listed in the disclosure include Mr. Priyesh Rathi, Mr. Suresh Rathi, and Mr. Mayur Khandelwal. The statement was signed by Mr. Nilesch Rathi on behalf of the promoters and promoter group.

Promoter and Promoter Group Details

S. No.	Name	Designation
1.	Mrs. Vinita Rathi	Promoter
2.	Mr. Nilesch Rathi	Promoter
3.	Mr. Priyesh Rathi	Promoter Group
4.	Mr. Suresh Rathi	Promoter Group
5.	Mr. Mayur Khandelwal	Promoter Group

The disclosure was addressed to the Listing Compliance Department of the exchange and copied to the Audit Committee of Systango Technologies Limited. The company is headquartered at the STP-1 Crystal IT Park in Indore, Madhya Pradesh.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.68%	+6.09%	-0.26%	-26.65%	-6.61%	+125.07%

Systango Technologies reported a 34.7% increase in revenue from operations to ₹904 crore for FY26, driven by AI-powered platforms for FinTech and data analytics. Profit after tax (PAT) rose 34.3% to ₹319 crore, while EBITDA grew 48.47% to ₹340 crore, expanding margins to 37.6% from 34.28% in the previous year. The company achieved a three-year revenue CAGR of 20% and a PAT CAGR of 32%, with a return on capital employed (ROCE) of 33% and return on equity (ROE) of 27%.

The company incorporated Systango Ltd (UK) to expand into European markets and established a wholly-owned subsidiary in the USA, Systango LLC. It also entered into a strategic alliance with Alibaba Cloud and formed a Strategic Advisory Board. Systango won the Madhya Pradesh Best Employer Branding awards by the Employer Branding Institute India. The company is listed on the NSE Emerge platform.

Financial Performance

Revenue growth was accompanied by a controlled increase in operating expenses, which rose 27.38% to ₹563 crore. Depreciation stood at ₹7 crore, while finance costs remained flat at ₹1 crore. Other income declined by 13.2% to ₹59 crore. Profit before tax (PBT) increased 34.7% to ₹392 crore, with tax expenses rising 35.2% to ₹73 crore. Diluted EPS for FY26 was ₹21.73, compared to ₹16.18 in FY25.

Consolidated Financials (FY23–FY26)

Particulars	FY23	FY24	FY25	FY26
Revenue from Operations	523	566	671	904
Operating Expenses	365	391	441	563
EBITDA	158	175	230	340
EBITDA Margins (%)	30.2%	30.9%	34.%	37.7%
PAT	140	169	237	319
PAT Margins (%)	26.8%	29.9%	35.3%	35.3%

Balance Sheet Highlights

Total assets for FY26 stood at ₹1505 crore, up from ₹1124 crore in FY25. Non-current assets increased significantly to ₹428 crore, primarily due to a rise in non-current investments to ₹351 crore. Current assets grew to ₹1077 crore, with investments accounting for ₹676 crore. Cash and bank balances stood at ₹157 crore.

Shareholders' funds rose to ₹1355 crore, supported by other equity of ₹1208 crore. Equity share capital remained unchanged at ₹147 crore. Current liabilities increased to ₹150 crore, while short-term provisions stood at ₹130 crore. Long-term borrowings were nominal at ₹1 crore.