Systematic Industries Limited has scheduled its Extraordinary General Meeting (EOGM) for October 1, 2026. The meeting aims to transact business as detailed in the notice issued by the company.

The EOGM will take place at The Runwal Height, located on the first floor of L.B.S. Marg in Mulund West, Mumbai. It is set to begin at 12:00 pm.

Meeting Details

The company has communicated the notice and explanatory statement electronically to members who have registered their email addresses with the company or depositories. This process aligns with General Circular No. 14/2020 dated April 8, 2020, and General Circular No. 03/2025 dated September 22, 2025, issued by the Ministry of Corporate Affairs.

Additionally, the company adhered to Securities and Exchange Board of India circular No. SEBI/HO/CFD/CFD-PoD-2/P/CIR/2024/133 dated October 3, 2024.

Regulatory Compliance

The notice references various circulars from the Ministry of Corporate Affairs and SEBI, including Regulation 47 of the SEBI LODR Regulations, 2015. The company published newspaper advertisements on September 9, 2026, in Active Times (English) and Mumbai Lakshadweep (Marathi) to inform members of the upcoming meeting.

Systematic Industries has completed its board meeting on September 8, 2026, approving the acquisition of 100% stake in Wire Brigade Industries Private Limited (WBIPL) and a preferential equity issue aggregating up to ₹33.94 crore.

The capital raise involves issuing up to 14,88,600 equity shares at an issue price of ₹228 per share to promoter group entities and non-promoters. The transaction includes a share swap component for the acquisition and cash subscriptions from institutional and individual investors.

Acquisition of Wire Brigade Industries

The board approved acquiring 10,000 equity shares of WBIPL from Veritas Industries Private Limited (VIPL), a promoter group entity. The purchase price is ₹21,500 per share, totaling approximately ₹2.15 crore.

The consideration is structured as follows:

• Share Swap: For 9,996 shares, Systematic will allot 9,42,600 new equity shares to VIPL on a preferential basis.
• Cash Payment: A cash payment of ₹86,000 will be made for the remaining four shares.

WBIPL, incorporated in December 2020, manufactures steel, MS, and annealed wires. Its provisional turnover for FY26 stood at ₹10,974.76 lakh, with an EBITA of ₹592.70 lakh and PAT of ₹214.38 lakh as on March 31, 2026. The acquisition aims to consolidate operations within the listed entity and expand manufacturing presence in Eastern India through WBIPL’s Howrah facility.

Preferential Issue Details

The company plans to raise funds from 21 allottees, including VIPL, Vijit Global Securities Private Limited, Vijit Growth Fund, and several individual investors. The issue price of ₹228 includes a premium of ₹218 per share.

The remaining allottees include Mili Emerging Equities Fund, Khatod Divyank Rameshwarlal, Hansaben Chatarlal Shah, Bachh Raj Nahar, Rahul Gadia Securities Private Limited, Mayuri Shripal Vora, Gaurav Paliwal, Arpit Agrawal HUF, Arpit Ashok Kumar Jain, Shubham Tibrewal, G. Santosh kumar, Parag Rathi, Shailesh Shrinivas Rathi, Sunrise Growth LLP, and Ruchas Ventures.

Expanded Manufacturing Footprint

The acquisition follows the recent addition of a 48,000 MT per annum GI wire manufacturing facility at Siltara, Chhattisgarh. With Wire Brigade’s 24,000 MT capacity, Systematic’s total manufacturing capacity is expected to rise significantly.

This expansion provides a strategically located manufacturing base in Eastern India, complementing the company’s pan-India network.

Regulatory Approvals and Timeline

The transaction requires shareholder approval via an Extra-Ordinary General Meeting (EoGM) scheduled for October 1, 2026. The relevant date for the preferential issue is fixed as September 1, 2026. The cut-off date for EGM notice dispatch is September 4, 2026, with voting eligibility determined as on September 25, 2026.

Remote e-voting will run from September 28 to September 30, 2026. CS Murtuza Mandor has been appointed as the scrutinizer. The trading window for designated persons remains closed until 48 hours after the board meeting concluded, reopening on September 11, 2026.