Systematic Industries Limited has achieved complete utilization of its Initial Public Offering (IPO) proceeds totaling ₹115.60 crore during the quarter ended December 31, 2025. The company submitted its monitoring agency report to BSE Limited on February 13, 2026, confirming full deployment of funds raised through its fresh issue and offer for sale of equity shares.

IPO Proceeds Utilization Breakdown

The monitoring agency report prepared by Brickwork Ratings India Private Limited reveals comprehensive fund deployment across three primary objectives:

The company's IPO, conducted from September 23-26, 2025, comprised 5,52,80,000 equity shares through fresh issue and 4,00,000 shares through offer for sale, priced at ₹195 per share.

Regulatory Compliance and Monitoring

Brickwork Ratings India Private Limited served as the monitoring agency, confirming that all utilization aligned with disclosures in the offer document. The report indicates no deviations from the stated objects and confirms that all necessary government and statutory approvals were obtained.

Company Profile and Leadership

Systematic Industries Limited, formerly known as Systematic Industries Private Limited, operates in the steel wire industry. The company is promoted by Siddharth Rajendra Agarwal and Satya Rajendra Agrawal, with its registered office located in Mumbai. The company's shares trade on BSE under scrip code 544541.

Debt Reduction Strategy

The primary utilization of ₹95.00 crore toward debt repayment and prepayment represents approximately 88% of the total IPO proceeds. This strategic deployment demonstrates the company's focus on strengthening its balance sheet and reducing financial leverage. The complete utilization of allocated funds for this purpose indicates successful execution of the company's deleveraging strategy.

General Corporate Activities

The ₹4.29 crore allocated for general corporate purposes encompasses various strategic initiatives including funding growth opportunities, meeting ordinary business expenses, servicing borrowings, brand building activities, and addressing business exigencies. The monitoring agency confirmed complete deployment of these funds in accordance with the prospectus dated September 29, 2025.

Final Monitoring Report

This represents the first and final monitoring agency report for Systematic Industries Limited, indicating that the company has completed its IPO fund utilization within the stipulated timeframe. The monitoring was conducted pursuant to Regulation 262 of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, ensuring transparency and regulatory compliance throughout the fund deployment process.

Systematic Industries Limited announced that its board of directors has approved the Employee Stock Option Plan 2026 during a meeting held on January 9, 2026. The comprehensive plan aims to grant stock options to eligible employees of the company, subject to mandatory shareholder approval through postal ballot and electronic voting procedures.

Key Features of ESOP Plan 2026

The Employee Stock Option Plan 2026 encompasses several significant features designed to align employee interests with company performance. The plan covers a total of 6,00,000 equity shares and incorporates both corporate and individual performance metrics for employee selection and option grants.

Vesting Schedule and Timeline

The ESOP plan implements a staggered vesting approach spread across four years, ensuring long-term employee retention and performance alignment. The vesting structure provides gradual ownership transfer based on continued employment and performance criteria.

Pricing and Exercise Provisions

The Compensation Committee will determine the exercise price for the options, with the fundamental requirement that the exercise price cannot fall below the face value of ₹10.00 per share. Each option, when exercised, will result in the issuance of one equity share of face value ₹10.00. The plan allows for a maximum exercise period of 18 months from the date of vesting, with specific provisions for cases involving resignation, termination, or death of employees.

Regulatory Compliance and Approval Process

The ESOP Plan 2026 complies with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, requiring shareholder approval under Regulation 6(1) & 6(3)(C). The board has approved the notice for seeking member approval through postal ballot using electronic voting methods. The Compensation Committee will administer the plan and may vary terms subject to applicable laws and plan provisions. The board meeting commenced at 5:00 PM and concluded at 6:00 PM IST, with Managing Director Siddharth Rajendra Agarwal signing the approval documents.