Systematic Industries Limited has announced the appointment of Mr. Gunjan Saboo as Additional (Non-Executive) Independent Director, marking a strategic addition to its board leadership. The appointment was approved by the board of directors based on the recommendation of the Nomination and Remuneration Committee, effective March 20, 2026.

Appointment Details

The company has provided comprehensive details regarding the new directorial appointment:

Professional Background

Mr. Gunjan Saboo brings extensive corporate experience to Systematic Industries Limited. He is described as a dynamic and accomplished professional with 27 years of experience serving on boards of major conglomerates and industries involved in chemical, energy solutions, electricity, gas and water supply sectors. His expertise spans management, strategy, planning and administration.

Educational Qualifications

Mr. Saboo's academic credentials demonstrate a strong foundation in both technical and business domains:

• Post Graduation in Biotechnology (1998) - University of Connecticut
• Post-Graduation in Biochemistry (1996) - University of Mumbai
• Post-Graduation in Business Management (2000) - S P Jain Institute of Management and Research

Regulatory Compliance

Systematic Industries Limited has confirmed that Mr. Gunjan Saboo satisfies the criteria of independence prescribed under the Companies Act, 2013 and SEBI (LODR) Regulations, 2015. The company has also verified that he is not debarred from holding the office of Director by virtue of any order passed by the Securities and Exchange Board of India or any other authority.

The appointment aligns with listing regulations and represents the company's commitment to strengthening its board composition with experienced independent directors. The formal notification was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015.

Systematic Industries Limited has achieved complete utilization of its Initial Public Offering (IPO) proceeds totaling ₹115.60 crore during the quarter ended December 31, 2025. The company submitted its monitoring agency report to BSE Limited on February 13, 2026, confirming full deployment of funds raised through its fresh issue and offer for sale of equity shares.

IPO Proceeds Utilization Breakdown

The monitoring agency report prepared by Brickwork Ratings India Private Limited reveals comprehensive fund deployment across three primary objectives:

The company's IPO, conducted from September 23-26, 2025, comprised 5,52,80,000 equity shares through fresh issue and 4,00,000 shares through offer for sale, priced at ₹195 per share.

Regulatory Compliance and Monitoring

Brickwork Ratings India Private Limited served as the monitoring agency, confirming that all utilization aligned with disclosures in the offer document. The report indicates no deviations from the stated objects and confirms that all necessary government and statutory approvals were obtained.

Company Profile and Leadership

Systematic Industries Limited, formerly known as Systematic Industries Private Limited, operates in the steel wire industry. The company is promoted by Siddharth Rajendra Agarwal and Satya Rajendra Agrawal, with its registered office located in Mumbai. The company's shares trade on BSE under scrip code 544541.

Debt Reduction Strategy

The primary utilization of ₹95.00 crore toward debt repayment and prepayment represents approximately 88% of the total IPO proceeds. This strategic deployment demonstrates the company's focus on strengthening its balance sheet and reducing financial leverage. The complete utilization of allocated funds for this purpose indicates successful execution of the company's deleveraging strategy.

General Corporate Activities

The ₹4.29 crore allocated for general corporate purposes encompasses various strategic initiatives including funding growth opportunities, meeting ordinary business expenses, servicing borrowings, brand building activities, and addressing business exigencies. The monitoring agency confirmed complete deployment of these funds in accordance with the prospectus dated September 29, 2025.

Final Monitoring Report

This represents the first and final monitoring agency report for Systematic Industries Limited, indicating that the company has completed its IPO fund utilization within the stipulated timeframe. The monitoring was conducted pursuant to Regulation 262 of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, ensuring transparency and regulatory compliance throughout the fund deployment process.