NewsCorporate ActionsSystematix Corporate Services Approves Dividend and Employee Stock Option Scheme at 40th AGMSystematix Corporate Services Approves Dividend and Employee Stock Option Scheme at 40th AGM
Systematix Corporate Services Limited conducted its 40th Annual General Meeting on September 19. Shareholders approved a final dividend of Rs. 0.10 per equity share and the 'Systematix Employee Stock Option Scheme 2025' (ESOP 2025), authorizing up to 68,26,901 stock options for eligible employees. The company appointed Mrs. Sonam Jain as Secretarial Auditor for five years and reappointed Mrs. Priyanka Khandelwal to the board. All resolutions passed with overwhelming majority, demonstrating strong shareholder support.
*this image is generated using AI for illustrative purposes only.
Systematix Corporate Services Limited , a prominent player in the financial services sector, held its 40th Annual General Meeting (AGM) on September 19, marking significant decisions for the company's future. The meeting, conducted through video conferencing, saw shareholders approving several key resolutions that will shape the company's trajectory in the coming years.
Dividend Declaration
In a move that will please shareholders, the company declared a final dividend of Rs. 0.10 per equity share, representing a 10% return on the face value of Re. 1 per share for the financial year ended March 31. This decision underscores the company's commitment to delivering value to its investors despite the challenging economic landscape.
Employee Stock Option Scheme
One of the highlight resolutions passed at the AGM was the approval of the 'Systematix Employee Stock Option Scheme 2025' (ESOP 2025). This scheme authorizes the issuance of up to 68,26,901 stock options to eligible employees, including those of subsidiary companies. The ESOP 2025 is designed to align employee interests with those of the company and its shareholders, potentially boosting motivation and retention.
Key features of the ESOP 2025 include:
- Exercise prices set at up to 30% discount to market price, but not below face value
- Vesting period ranging from 1 to 4 years
- Maximum exercise period of 4 years from the vesting date
Appointment of Secretarial Auditor
In a move to strengthen its corporate governance, the company appointed Mrs. Sonam Jain as the Secretarial Auditor for a term of five consecutive years, from FY 2025-26 to FY 2029-30. Mrs. Jain, a practicing Company Secretary with over 10 years of experience in corporate laws and SEBI regulations, brings valuable expertise to this role.
Board Reappointment
The shareholders also approved the reappointment of Mrs. Priyanka Khandelwal, who was retiring by rotation, to the board of directors.
Voting Results
The AGM saw active participation from shareholders, with all resolutions passing by an overwhelming majority. The voting results, as reported by the scrutinizer, showed near-unanimous support for most resolutions:
| Resolution | Votes in Favor (%) | Votes Against (%) |
|---|---|---|
| Adoption of Financial Statements | 100.00 | 0.00 |
| Dividend Declaration | 100.00 | 0.00 |
| Reappointment of Director | 100.00 | 0.00 |
| Appointment of Secretarial Auditor | 100.00 | 0.00 |
| Approval of ESOP 2025 | 99.99 | 0.01 |
| Extension of ESOP to Subsidiaries | 99.99 | 0.01 |
The strong support for these resolutions reflects shareholders' confidence in the company's management and strategic direction.
Systematix Corporate Services Limited's 40th AGM has set the stage for the company's growth and employee engagement strategies. With the approval of the dividend and the new ESOP scheme, the company aims to balance shareholder returns with long-term value creation through employee motivation and retention.
Historical Stock Returns for Systematix Corporate Services
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.12% | -0.57% | -2.23% | -13.47% | -28.79% | +3,224.32% |
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