Systematix Securities has appointed M/s SSRV & Associates, Chartered Accountants, as its new statutory auditor following the resignation of its previous auditors. The company’s Board of Directors approved the appointment on August 13, 2026, subject to shareholder approval at the ensuing Annual General Meeting.

The outgoing statutory auditor, M/s Jyoti Dad & Co., tendered their resignation with effect from August 13, 2026. In a filing with the Bombay Stock Exchange under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Systematix Securities disclosed that the resignation stems from "administrative and operational restructuring of the Company's audit assignments."

Auditor Transition Details

M/s Jyoti Dad & Co. had been appointed as statutory auditor on September 8, 2022, for a term of five consecutive years until the conclusion of the 41st Annual General Meeting. The firm submitted its independent auditor's report for the year ended March 31, 2026, on August 13, 2026, prior to resigning.

The incoming firm, M/s SSRV & Associates (FRN: 135901W), will serve from the date of board approval until the conclusion of the next general meeting. The audit committee recommended the appointment based on the firm’s credentials and experience in audit, taxation, assurance, and advisory services.

Key Disclosures

The company confirmed that there were no concerns raised by the outgoing auditor prior to resignation, nor were there any management-imposed limitations on obtaining sufficient appropriate audit evidence. The fee payable to the new auditor has been mutually decided by the board and the auditor after review by the audit committee, considering the enhanced size of operations and scope of services.

Systematix Securities has released its standalone financial results for the quarter and year ended March 31, 2026, following a Board meeting held on May 25, 2026. The company reported a net loss of ₹6.02 lakh for the full fiscal year, representing a reduction from the net loss of ₹8.24 lakh recorded in the previous year. For the fourth quarter, the company turned profitable with a net profit of ₹0.31 lakh, compared to a net loss of ₹1.57 lakh in the corresponding quarter of the previous year. The financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors, with a limited review carried out by the statutory auditors.

Financial Performance

Revenue from operations for the year ended March 31, 2026, was recorded at ₹30.88 lakh, marginally higher than the ₹30.60 lakh reported in the previous year. In the quarter ended March 2026, revenue from operations stood at ₹8.44 lakh, up from ₹7.43 lakh in the same period last year, and compared to ₹6.91 lakh in the quarter ended December 2025. Total expenditure for the year decreased to ₹36.85 lakh from ₹38.93 lakh in the prior year, aided by lower employee benefit expenses, which declined to ₹17.24 lakh from ₹18.44 lakh, and lower depreciation costs, which fell sharply to ₹0.41 lakh from ₹2.88 lakh. The company's earnings per share (EPS) for the year showed improvement, with a basic and diluted EPS of (₹0.12) compared to (₹0.16) in the previous year. For the quarter ended March 2026, the EPS was ₹0.01.

The following table summarises the key income statement metrics:

Balance Sheet Highlights

The company's total assets stood at ₹877.76 lakh as of March 31, 2026, down from ₹882.11 lakh in the previous year. Financial assets constituted the majority of total assets at ₹875.65 lakh, comprising loans of ₹673.76 lakh, investments of ₹143.27 lakh, and other financial assets of ₹52.91 lakh. Non-financial assets stood at ₹2.11 lakh, down from ₹8.34 lakh, primarily due to a reduction in property, plant and equipment to ₹0.10 lakh from ₹6.31 lakh. Equity share capital remained constant at ₹500.00 lakh, while other equity decreased to ₹363.92 lakh from ₹369.93 lakh. Total liabilities increased marginally to ₹13.84 lakh from ₹12.18 lakh.

Cash Flow Summary

Cash and cash equivalents decreased to ₹5.71 lakh from ₹7.02 lakh at the end of the previous fiscal year, reflecting a net decrease of ₹1.31 lakh during the year. Net cash used in operating activities was ₹8.72 lakh, compared to net cash generated of ₹13.97 lakh in the prior year. Investing activities generated ₹5.75 lakh, primarily from the sale of fixed assets. Financing activities contributed ₹1.66 lakh from proceeds of long and short-term borrowings.

Corporate Developments

Pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Systematix Securities published an extract of its financial results in the Financial Express (English edition) and Business Remedies (Hindi edition) on May 17, 2026. The Board also approved the re-appointment of M/s Varun Bhomia & Company as the Secretarial Auditor for the financial year 2025-26. The company is engaged in only one segment, namely investment banking, and previous period figures have been re-grouped or re-arranged to make them comparable with those of the current period. The paid-up equity share capital stands at ₹500.00 lakh, with a face value of ₹10 per share.