Systematix Corporate Services has disclosed the Monitoring Agency Report for the quarter ended March 31, 2026, concerning the utilization of funds raised via a Preferential Issue of Equity Shares. The report, issued by CARE Ratings Limited under Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, confirms that the company raised an aggregate amount of ₹103.12 crore during the issue period from October 01, 2024, to December 31, 2024. The monitoring agency verified that the utilization of proceeds is in line with the disclosures made in the offer document, with no material deviations reported.

Utilization of Proceeds

The funds raised were allocated across three primary objects: investment in a subsidiary, sponsorship of AIFs, and General Corporate Purposes. The total amount utilized as of March 31, 2026, stood at ₹42.12 crore, while the remaining unutilized balance of ₹61.00 crore has been deployed in fixed deposits with Yes Bank Limited, earning returns ranging from 6.00% to 6.50%. The following table summarizes the financial progress across all issue objects:

Quarterly Progress in Fund Deployment

The monitoring report also captures the movement of funds during Q4FY26 specifically. At the beginning of the quarter, ₹26.50 crore had already been utilized across all objects. During Q4FY26, an additional ₹15.62 crore was deployed, bringing the cumulative utilization to ₹42.12 crore by quarter-end. The table below details the quarterly progression:

Breakdown of Utilization

For the first object, ₹25.00 crore was utilized for investment in its subsidiary, Systematix Shares and Stocks (India) Limited, towards working capital requirements. No funds were deployed for this object during Q4FY26. The subsidiary had applied for approval to raise capital of ₹25 crore through a rights issue and received in-principal approval from BSE, MCX, NSE, and NCDEX. For the remaining ₹35 crore, the subsidiary had applied for in-principal approval for raising capital, and the company subsequently infused ₹35 crore in Q1FY27, i.e., after the quarter ended March 31, 2026.

For the second object, ₹2.50 crore was contributed during Q4FY26 in India SME Growth Fund – Series 2, a scheme of India SME Growth Fund, a Category I Alternative Investment Fund, bringing the total AIF investment to ₹4.00 crore. The company acts as the Sponsor to the scheme, while Systematix Wealth & Asset Services Private Limited (formerly Systematix Ventures Private Limited), a wholly owned subsidiary, acts as the Investment Manager. The company has also received SEBI registration of Category 2 AIF vide registration number IN/AIF2/25-26/1921, though investment in the Category 2 AIF is yet to be made. For the third object, ₹13.12 crore was fully utilized during Q4FY26 for General Corporate Purposes, specifically to create fixed deposits meeting liquid net worth requirements for underwriting obligations, pursuant to a Board resolution dated January 21, 2026.

Deployment of Unutilized Proceeds

The unutilized proceeds totaling ₹61,00,07,200.00 were parked across 13 fixed deposits with Yes Bank Limited, with maturity dates ranging from April 12, 2026, to June 24, 2026. The gross amount invested across these fixed deposits stood at ₹66,94,90,058.10, with accrued interest of ₹5,96,78,731.20 and a balance of ₹1,95,873.10 in the Preferential Issue Account, netting to the unutilized amount of ₹61,00,07,200.00. Key fixed deposit details are presented below:

The monitoring agency confirmed no delay in the implementation of the objects as per the timelines mentioned in the offer document, with all three objects carrying a completion date of November 12, 2026, and currently ongoing. No material deviations, no changes in means of finance, and no favorable or unfavorable events affecting the viability of the objects were reported.

Systematix Corporate Services Limited has submitted a regulatory disclosure under SEBI's Substantial Acquisition of Shares and Takeovers (SAST) Regulations, confirming the absence of any new encumbrances on its equity shares for the financial year ended March 31, 2026.

Regulatory Disclosure Details

The disclosure was filed on April 01, 2026, by promoter Nikhil Khandelwal on behalf of the company's promoter and promoter group. The submission was made under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, addressing both BSE Limited and National Stock Exchange of India Limited.

Declaration Statement

The formal declaration states that during the financial year ended March 31, 2026, the promoter and promoter group did not create or make any encumbrance, directly or indirectly, on the equity shares of the company. The disclosure specifically notes that this excludes encumbrances already disclosed to stock exchanges.

Promoter Group Composition

The disclosure includes a comprehensive list of the promoter group members and persons acting in concert. The promoter group structure encompasses both corporate and individual entities associated with the Khandelwal family.

Compliance and Transparency

This disclosure represents part of the company's ongoing compliance with SEBI regulations regarding substantial shareholding and takeover norms. The SAST regulations require promoters to disclose any encumbrances on their shareholding to maintain transparency in the capital markets. The filing confirms the company's adherence to regulatory requirements and provides stakeholders with updated information on the promoter group's shareholding status.