Systematix Corporate Services announced its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, approved at the Board of Directors meeting held on April 29, 2026. The diversified financial services firm reported steady revenue growth on a standalone basis, recommended a final dividend of 10%, and undertook several strategic corporate actions during the period.

FY26 Standalone Financial Performance

The company's standalone results reflected positive revenue momentum alongside continued investments in growth platforms. The following table summarises key standalone income statement metrics for the year and the latest quarter:

FY26 total income from operations stood at approximately ₹146.17 crores, reflecting 5% year-on-year growth over ₹139.39 crores in FY25. Profitability for the full year was supported by core merchant banking and service revenues, while Q4 FY26 recorded a standalone net loss of ₹351.69 lakhs, partly impacted by an exceptional item of ₹1.53 lakhs related to the one-time impact of new Labour Codes. Employee benefits expense for FY26 stood at ₹1,692.92 lakhs versus ₹1,488.82 lakhs in FY25, and depreciation and amortisation increased to ₹351.00 lakhs from ₹237.15 lakhs.

Standalone Balance Sheet Highlights

The standalone balance sheet as at March 31, 2026 reflects significant growth in investments and fixed assets, alongside a reduction in cash and bank balances. Key figures are presented below:

Investments surged to ₹13,045.00 lakhs from ₹8,149.53 lakhs, reflecting capital deployment into growth platforms. Total equity (share capital plus other equity) strengthened to ₹24,258.65 lakhs from ₹21,735.26 lakhs.

Standalone Cash Flow Summary

The standalone cash flow statement for the year ended March 31, 2026 showed robust operating cash generation, offset by significant investing outflows.

The closing balance of ₹12,046.69 lakhs comprises cash on hand of ₹0.17 lakhs, current account balances of ₹1,282.83 lakhs, FDR with bank (own fund) of ₹4,056.29 lakhs, FDR with bank (out of funds raised through preferential allotment) of ₹6,694.90 lakhs, and earmarked bank balances (unpaid dividend) of ₹12.49 lakhs.

FY26 Consolidated Financial Performance

On a consolidated basis, Systematix and its subsidiaries reported total income of ₹14,761.06 lakhs for FY26 compared to ₹16,886.79 lakhs in FY25. Net profit from continuing operations for FY26 stood at ₹1,383.71 lakhs against ₹4,576.13 lakhs in the prior year. The consolidated results include the performance of five audited subsidiaries and one unaudited subsidiary (Urban Affordable Housing LLP).

Consolidated total assets stood at ₹43,538.76 lakhs as at March 31, 2026 versus ₹42,833.07 lakhs a year earlier. Other equity on a consolidated basis was ₹30,019.93 lakhs compared to ₹28,611.61 lakhs. The consolidated net cash used in operating activities was ₹(805.09) lakhs for FY26, with net cash used in investing activities of ₹(1,690.02) lakhs and net cash used in financing activities of ₹(563.44) lakhs, resulting in a net decrease in cash and cash equivalents of ₹(3,058.55) lakhs.

Consolidated Segment Performance

The company operates across three reportable segments. Segment-wise revenue and results for FY26 are presented below:

Business Development Highlights

The Investment Banking division advised and executed transactions aggregating approximately ₹4,600 crores during FY26 across IPOs, QIPs, Rights Issues, Buybacks, Block Deals, Private Equity and M&A. The company maintains a robust active transaction pipeline of ₹11,600 crores across 27+ opportunities. Systematix completed a fund raise in Category I AIF with a target AUM of ₹125 crores and is targeting to raise up to ₹1,000 crores in Category II AIF for a Pre-IPO and Secondaries Fund. The formal launch of the Private Wealth Business marked a significant milestone, with senior leadership hires and offices established in Mumbai, Ahmedabad, Delhi and Kolkata.

Board Decisions and Corporate Actions

At the Board meeting held on April 29, 2026, the following key decisions were taken in addition to the approval of financial results:

• Final Dividend: Recommended a final dividend of ₹0.10 per equity share of ₹1 face value (10%) for FY26, subject to shareholder approval at the ensuing Annual General Meeting.
• Internal Auditor Appointment: Appointed Mr. Pradeep Gotecha, Chartered Accountant, as Internal Auditor of the Company for Financial Year 2026-27. Mr. Gotecha has 23 years of experience in the fields of Accounts, Legal and Compliance.
• Subsidiary Strike-Off: Approved filing an application for striking off the name of Divisha Alternative Investments LLP, a subsidiary LLP that has remained inoperative since incorporation and has not carried on any business. The company confirmed this LLP is not a material subsidiary and the action will have no material impact on operations or financial position.
• Insider Trading Code Amendment: Amended the Code of Conduct for Prevention of Insider Trading pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015, effective April 29, 2026.

Management Commentary

Mr. Nikhil Khandelwal, Managing Director, commented on the results: "FY26 was a year of strategic execution and platform building. We continued to strengthen our core businesses while investing in new growth areas such as Private Wealth and Asset Management. Our diversified model, strong transactions pipeline and expanding leadership team position us well for the next phase of growth."

The statutory auditors M/s. Shah & Taparia, Chartered Accountants, issued an unmodified audit opinion on both the standalone and consolidated audited financial results for the year ended March 31, 2026.

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.