Systematic Industries Limited has scheduled a board meeting for September 8, 2026, to consider raising funds through a preferential issue of equity shares.

The company, formerly known as Systematic Industries Private Limited, intends to allot shares with a face value of ₹10 each. The proposal includes details on the number of shares, issue price, and other relevant terms for the proposed allottees.

Issue Structure and Approvals

The capital raise may proceed via one or more tranches. The company plans to accept consideration in cash or through share swaps. This transaction is subject to:

• Approval from the shareholders of the company
• Necessary government, regulatory, and statutory approvals
• Compliance with applicable laws

Trading Window Closure

Pursuant to the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, the trading window for dealing in the company’s equity shares will remain closed. This restriction applies to all designated persons and their immediate relatives from the date of this notice until 48 hours after the conclusion of the board meeting.

Regulatory Disclosure

The intimation was issued pursuant to Regulation 29 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The full text of the announcement is available on the company’s website.

Systematic Industries has scheduled its 26th Annual General Meeting (AGM) for Tuesday, September 22, 2026. The meeting will be conducted via video conferencing or other audio-visual means (OAVM) at 1:30 pm. Remote e-voting will commence on Saturday, September 19, 2026, at 9:00 am and end on Monday, September 21, 2026, at 5:00 pm.

Financial Performance

The company reported a 16% year-on-year increase in net profit to ₹210.2 crore for the financial year ended March 31, 2026 (FY26). The Mumbai-based steel wire and cable manufacturer posted revenue from operations of ₹5,525.1 crore, marking a 24% growth over the previous fiscal year.

Financial Highlights

The company's top-line expansion was supported by sustained demand across its core segments, including power transmission and infrastructure. Revenue grew from ₹4,465.1 crore in FY25 to ₹5,525.1 crore in FY26. This growth translated into a profit before tax of ₹281.2 crore, up from ₹244.9 crore in the prior year.

Despite the revenue surge, EBITDA margins contracted by 91 basis points to 7.23% from 8.14% in FY25. The company attributed this margin compression to the evolving product mix and higher input costs, while emphasizing that new-age products like Optical Ground Wires (OPGW) are margin-accretive in the long term.

What the Numbers Show

A significant portion of the company's profit growth was driven by operational efficiency rather than just volume. While revenue grew by 24%, finance costs declined by 25% to ₹60.2 crore from ₹80.2 crore in FY25. This reduction in interest expense contributed directly to the bottom-line improvement, highlighting the impact of the company's deleveraging strategy.

Balance Sheet Strength

Systematic Industries achieved net-debt-free status as of March 31, 2026, having utilized proceeds from its initial public offering (IPO) to repay borrowings. The IPO raised ₹1,077.96 crore, with ₹950 crore specifically allocated for debt repayment. Consequently, the debt-equity ratio improved dramatically to 0.05 from 1.22 in FY25. Cash and cash equivalents stood at ₹129.4 crore, providing liquidity for future capex and working capital needs.

Strategic Developments

The company secured its first Engineering, Procurement, and Construction (EPC) contract from Power Grid Corporation of India Limited (PGCIL) for the supply and installation of OPGW cables. This milestone positions Systematic Industries to participate in upcoming OPGW tenders. Additionally, the firm bagged contracts for OPGW cable supply in Odisha and Andhra Pradesh and initiated exports of OPGW cables at the start of FY27.

AGM Details

Shareholders holding shares as on the cut-off date of Tuesday, September 15, 2026, are eligible to vote. Key agenda items include the re-appointment of Whole-time Director Vikas Navin Hegde and the ratification of material related-party transactions with Wire Brigade Industries Private Limited and Veritas Industries Private Limited. Shareholders will also vote on the appointment of Gunjan Saboo as an Independent Director.

In compliance with SEBI Listing Regulations, the notice for the AGM and the Integrated Annual Report for FY25-26 have been sent electronically to shareholders with registered email addresses. Shareholders without registered emails were provided a weblink to access the documents on the company’s website. The remote e-voting facility is provided by National Securities Depository Limited (NSDL).

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE1KLZ01011/55559548-6854-459d-8aef-068e5183e1e9.pdf