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Systematic Industries shareholders approved a Rs 33.94 crore equity share placement to promoters and others
01-Oct-2026, 04:19
Systematic Industries Limited, formerly known as Systematic Industries Private Limited, convened an Extraordinary General Meeting on Thursday, October 1, 2026, where shareholders approved a special resolution to create, offer, and allot up to 14,88,600 equity shares with a face value of Rs 10 each at an issue price of Rs 228 per share, totaling Rs 33,94,00,800, to the Promoters Group and Non-Promoters on a private placement and preferential basis. Murtuza Mandorwala & Associates was appointed as the scrutinizer for the e-voting process.