Event Overview

Systematic Industries Limited held its 26th Annual General Meeting of equity shareholders on Tuesday, September 22, 2026 at 01:30 PM IST through Video Conferencing (VC). The meeting was deemed to be conducted at the company's Registered Office at 418, Nirmal Corporate Centre, 4th Floor, L.B.S. Marg, Mulund (West), Mumbai, Maharashtra, India, 400080.

Attendees

All existing directors of the company were present at the AGM. Additionally present were:

  • Chairpersons of Nomination and Remuneration Committee, Audit Committee, Stakeholders Relationship Committee, and Corporate Social Responsibility Committee
  • Representatives of the Secretarial Auditor and Statutory Auditors
  • Chief Financial Officer Mr. Dwarika Prasad Agarwal
  • Company Secretary Ms. Dimple Lalwani (both present through Video Conferencing)

Voting Process

Mr. Kaushal Dalal, Partner at M/s. KDA & Associates, Practicing Company Secretaries, was appointed as Scrutiniser to scrutinise the E-voting process. Members were provided with:

  • Remote E-voting facility between September 19, 2026 (9:00 a.m. IST) and September 21, 2026 (5:00 p.m. IST)
  • E-voting during the AGM for members who had not cast votes by remote E-voting

The AGM E-voting lines were kept open for 15 minutes during the meeting.

Documents Available for Inspection

The following documents were available electronically for inspection by members during the AGM:

  • Register of Directors and Key Managerial Personnel and their shareholding maintained under section 170 of the Companies Act, 2013
  • Register of Contracts or arrangements in which directors are interested maintained under section 189 of the Companies Act, 2013
  • Relevant documents referred to in the Notice of AGM and explanatory statement

Resolutions Transacted

Ordinary Business:

1. Consideration and Adoption of the Standalone Audited Financial Statements of the Company comprising of Audited Balance Sheet for the financial Year ended March 31, 2026, the Statement of Profit and Loss and Cash Flow Statement for the year ended on that date together with schedules, notes and reports of the Board of Directors and Auditors thereon

2. Appointment of a Director in place of Mr. Vikas Navin Hegde (DIN: 10827553) who retires by rotation and being eligible, has offered himself for re-appointment

Special Business:

3. Appointment of M/s. KDA & Associates (Firm Registration No. 100448), the Cost Auditors of the Company for the financial year 2026-27

4. Approval of Material Related Party Transaction with M/s. Wire Brigade Industries Private Limited

5. Approval of Material Related Party Transaction with M/s. Veritas Industries Private Limited

6. Appointment of Mr. Gunjan Saboo (DIN: 01991242) as an Independent Director of the Company

Meeting Duration and Conclusion

The 26th AGM commenced at 01:30 p.m. IST and concluded at 01:56 p.m. IST, lasting 26 minutes.

Results Declaration

The combined results of E-voting (remote E-voting and E-voting at the AGM) along with the consolidated Scrutiniser's Report were to be declared/communicated within prescribed timelines.