Systematix Corporate Services has invested ₹10 crore in its wholly owned subsidiary Systematix Wealth & Asset Services Private Limited (SWASPL) through a rights issue, with the proceeds designated for working capital purposes.

Investment details

The following table summarises the key parameters of the transaction:

The investment was made by Systematix Corporate Services into SWASPL via a rights issue, a mechanism that allows an existing shareholder to subscribe to additional shares in proportion to their holding. As the sole shareholder of SWASPL, Systematix Corporate Services subscribed to 1 crore equity shares of face value ₹10 each at par, aggregating to ₹10 crore. The transaction is a cash consideration and falls within the ambit of related party transactions, conducted at arm's length.

Subsidiary profile and financials

SWASPL, formerly known as Systematix Wealth & Asset Management Private Limited and Systematix Ventures Private Limited, operates in the capital markets sector. The entity focuses on Alternative Investment Funds, wealth management, and distribution services for various financial products. It holds registrations from the Association of Mutual Funds in India (AMFI) and the Securities and Exchange Board of India (SEBI) as a Portfolio Manager.

The subsidiary's financial trajectory shows significant recent growth after a dormant period. The following table details the turnover for the last three fiscal years:

Use of proceeds

The funds infused through this rights issue are earmarked specifically for working capital requirements of SWASPL. Working capital funding supports the day-to-day operational needs of a business, including the management of short-term assets and liabilities. The company stated that there will be no change in the percentage of shareholding, with SWASPL continuing to remain a wholly owned subsidiary.

What the numbers show

The infusion of ₹10 crore contrasts sharply with SWASPL's reported turnover of ₹193.06 lakh (approximately ₹1.93 crore) for FY26. This indicates that the capital injection is roughly five times the subsidiary's annual revenue, suggesting a strategic capitalization effort to support future scaling or operational stability rather than immediate liquidity needs based on current revenue levels. The jump from nil turnover in FY25 to ₹193.06 lakh in FY26 marks a significant operational restart or expansion phase for the subsidiary.

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, the declaration of a final dividend, and the re-appointment of key management personnel.

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, effective from September 1, 2026.

Managing Director profile and disclosures

Pursuant to Regulation 30 of the SEBI Listing Regulations, detailed disclosures regarding the re-appointment of Mr. Nikhil Khandelwal were provided. Mr. Khandelwal holds an MBA from ISB Hyderabad and a Bachelor in Engineering from Manipal Institute of Technology. He previously worked as a Consumer sector analyst with IDFC SSKI Research. As CMD, he oversees the Investment Banking business, encompassing M&A, Private Equity, and Strategic Advisory.

The disclosure noted that Mr. Khandelwal is the husband of Mrs. Priyanka Khandelwal and the son of Mrs. Anju Khandelwal. It further confirmed that he is not debarred from holding the office of Director pursuant to any SEBI Order or other authority.

Voting participation details

The company disclosed detailed voting statistics pursuant to Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Out of 10,687 shareholders on the record date of September 15, 2026, a total of 49 shareholders attended the meeting through Video Conferencing. This included 7 promoters/promoter group members and 42 public shareholders.

The aggregate voting turnout across all resolutions was substantial. For the adoption of financial statements and dividend declaration, 80.92% of the total outstanding shares were voted upon. The promoter group cast votes representing 100% of their holding, while public non-institutional shareholders voted on approximately 41.09% of their shares. Public institutional shareholders did not participate in the voting process.

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 have been uploaded to the stock exchanges and the company’s website. 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.