Systematix Corporate Services holds 41st AGM; adopts FY26 financials
- Systematix Corporate Services held its 41st AGM on September 22, 2026, via video conferencing
- Shareholders adopted standalone and consolidated audited financial statements for FY26
- Final dividend of ₹0.10 per equity share of face value ₹1 declared for FY26
- Nikhil Khandelwal re-appointed as Managing Director for a three-year term
- Statutory and secretarial audit reports for FY26 contained no qualifications or adverse remarks
*this image is generated using AI for illustrative purposes only.
Systematix Corporate Services Limited held its 41st Annual General Meeting (AGM) on September 22, 2026, at 11:00 am via Video Conferencing (VC) and Other Audio Visual Means (OAVM). The meeting focused on the adoption of financial statements for the fiscal year ended March 31, 2026, and the declaration of a final dividend.
Key resolutions passed
The shareholders voted on several ordinary and special business items. The Chairman, Nikhil Khandelwal, commenced proceedings after confirming the requisite quorum. The Company Secretary, Divyesh Badiyani, managed the voting procedures, noting that remote e-voting was available from September 19 to September 21, 2026.
The following resolutions were transacted:
- Adoption of Financial Statements: Members approved the standalone and consolidated audited financial statements for FY26, along with the reports of the Directors and Auditors.
- Dividend Declaration: A final dividend of ₹0.10 per equity share (face value ₹1) was declared for FY26.
- Director Re-appointment: Mrs. Anju Khandelwal was re-appointed as a director, retiring by rotation.
- Managing Director Re-appointment: A special resolution was passed to re-appoint Nikhil Khandelwal as Managing Director for a period of three years.
Audit and compliance updates
The Company Secretary informed members that the statutory auditors, Shah & Taparia, and the secretarial auditor, Sonam Jain, had not made any qualifications, reservations, adverse remarks, or disclaimers in their audit reports for the year ended March 31, 2026. Consequently, these reports were taken as read during the meeting.
The notice convening the AGM, dated August 7, 2026, was also taken as read. No questions or queries were raised by the members during the session.
Voting results and next steps
The combined results of remote e-voting and e-voting conducted during the AGM will be uploaded to the stock exchanges and the company’s website in due course. This process is governed by Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Section 108 of the Companies Act, 2013.
The meeting concluded at 11:13 am. The Chairman thanked the members, board directors, and auditors for their participation.
Historical Stock Returns for Systematix Corporate Services
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.79% | +3.41% | +31.51% | +24.92% | -46.34% | -46.34% |
How will the re-appointment of Nikhil Khandelwal as Managing Director for three years influence Systematix Corporate Services' strategic direction and operational stability?
What impact might the clean audit reports from Shah & Taparia have on institutional investor confidence and the company's future cost of capital?
Given the modest dividend payout, what are the company's stated plans for retaining earnings to fund potential growth initiatives or debt reduction in FY27?
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