Systematic Industries Limited has responded to BSE's inquiry regarding recent significant movement in its share price, clarifying that the fluctuation appears to be market-driven rather than based on any undisclosed corporate developments. The company issued the clarification on April 9, 2026, in response to BSE's email dated April 8, 2026.

Company's Official Response

The Mumbai-based company confirmed that it has already disclosed all information bearing on its operations and performance, including any price-sensitive information required under regulatory guidelines. Managing Director Siddharth Rajendra Agarwal emphasized that the company has complied with all disclosure requirements under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Compliance Statement

Systematic Industries Limited stated that it has not withheld any material information or events that could influence the price behavior of its scrip. The company confirmed there are no impending announcements that would have a bearing on share price movement. All required disclosures have been made within stipulated timeframes to exchanges, regulators, and stakeholders.

Market-Driven Price Movement

The company attributed the recent significant share price movement to market forces beyond its control. This clarification follows standard regulatory practice where exchanges seek explanations from listed companies when their shares experience unusual price or volume movements. The response aims to ensure market transparency and protect investor interests by confirming no undisclosed material developments are driving the price change.

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.