Systematix Corporate Services Limited successfully conducted its (01/2026-27) Extra-Ordinary General Meeting on Friday, April 17, 2026, through video conferencing. The meeting addressed one special resolution to appoint Mr. Vijaykumar Gautam (DIN: 07358773) as a Non-Executive Independent Director of the company. The resolution was passed with the requisite majority following comprehensive voting procedures.

Meeting Overview

The Extra-Ordinary General Meeting commenced at 11.00 a.m. and concluded at 11.18 a.m., conducted in full compliance with Ministry of Corporate Affairs circulars, the Companies Act, 2013, and SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. Mr. Divyesh Badiyani, Company Secretary & Compliance Officer, facilitated the proceedings, while Mr. Nikhil Khandelwal, Chairman & Managing Director, led the meeting.

Director Appointment Details

Mr. Vijaykumar Gautam has been appointed as Non-Executive Independent Director for a period of 5 years effective from January 21, 2026 to January 20, 2031. The appointment follows a change in designation from Additional, Non-Executive, Independent Director to Non-Executive Independent Director. Mr. Gautam is an Indian Administrative Service officer of the 1987 batch of the Maharashtra cadre and has served as Additional Chief Secretary to the Government of Maharashtra.

Mr. Gautam completed his schooling in Bokaro Steel City and graduated with distinction in Physics (Honours) from St. Xavier's College, Ranchi. He pursued his M.Sc. in Physics from the University of Delhi and later acquired a Master's degree in Economics from Pune. He has also undertaken advanced certificate programmes in Public Administration from the London School of Economics, Blockchain Strategy from Oxford Business School, and Finance from Harvard Business School.

Voting Participation and Results

The company provided comprehensive voting facilities including remote e-voting from April 14-16, 2026, and e-voting during the EGM. A total of 11,368 shareholders were on record as of April 10, 2026. The meeting saw participation from 46 shareholders through video conferencing, comprising 7 from the Promoter and Promoter Group and 39 from the Public category.

Resolution Outcome

The special resolution to appoint Mr. Vijaykumar Gautam as Non-Executive Independent Director received overwhelming shareholder support. The voting results demonstrated strong approval across all shareholder categories.

The scrutinizer's report confirmed that 88 members voted in favour with 110,273,532 votes, while 1 member voted against with 10 votes. The resolution was declared passed with the requisite majority. Mrs. Sonam Jain served as the scrutinizer for the voting process, with the votes unblocked in the presence of independent witnesses Ms. Aditi Singh and Mr. Sauhadra Tiwari at 12:20 p.m. on April 17, 2026. Mr. Vijaykumar Gautam is not debarred from holding office of director by virtue of any order of Securities and Exchange Board of India (SEBI) or any other such authority.

Systematix Corporate Services Limited has announced a substantial investment of ₹35,00,07,200 in its wholly owned subsidiary through a rights issue, demonstrating the company's commitment to strengthening its subsidiary operations. The investment was disclosed to stock exchanges on April 13, 2026, in compliance with SEBI listing regulations.

Investment Details

The company has subscribed to 17,50,036 equity shares of Systematix Shares and Stocks (India) Limited at an issue price of ₹200 per share, which includes a premium of ₹190 over the face value of ₹10 per share. This transaction represents a cash consideration investment in the wholly owned subsidiary.

About the Subsidiary

Systematix Shares and Stocks (India) Limited is a SEBI-registered intermediary primarily engaged in broking business operations. The subsidiary holds memberships with major exchanges including BSE Limited, National Stock Exchange of India Limited, Multi Commodity Exchange of India Limited, and National Commodity and Derivatives Exchange. Additionally, the company operates as a SEBI-registered CDSL Depository Participant, Portfolio Manager, and Research Analyst.

Financial Performance

The subsidiary has demonstrated consistent business operations with varying turnover levels over the past three years. The company was incorporated on May 8, 1995, and operates exclusively within India's capital markets sector.

Strategic Rationale

This investment aligns with the objectives of the preferential issue approved by shareholders through a Special Resolution at the Extraordinary General Meeting held on October 14, 2024. The funds are designated for investment in subsidiaries, specifically for working capital requirements in the form of equity or quasi-equity investments.

Regulatory Compliance

The transaction qualifies as a related party transaction since Systematix Shares and Stocks (India) Limited is a wholly owned subsidiary. The company has confirmed that the transaction is conducted at arm's length, with promoter groups having no additional interest beyond their existing shareholding and directorship positions. No governmental or regulatory approvals are required for this acquisition, and the transaction will be completed within statutory timelines.

Following this investment, there will be no change in the percentage of shareholding, and Systematix Shares and Stocks (India) Limited will continue to remain a wholly owned subsidiary of Systematix Corporate Services Limited.