SYSTEMATIC INDUSTRIES LIMITED

Board Meeting Outcomes

The Board of Directors meeting held on May 26, 2026 (commenced at 03:40 PM, concluded at 05:30 PM) approved:

1. Standalone Audited Financial Results for half year and financial year ended March 31, 2026

2. Appointment of Secretarial Auditors - M/s KDA & Associates, Practicing Company Secretaries, as secretarial auditors for financial year 2026-27

Financial Results Overview

Audited Standalone Financial Results for Year Ended March 31, 2026:

  • Total Income: ₹55,251.22 lakhs (Previous year: ₹44,657.15 lakhs)
  • Profit Before Tax: ₹2,811.86 lakhs (Previous year: ₹2,448.50 lakhs)
  • Net Profit: ₹2,101.91 lakhs (Previous year: ₹1,806.03 lakhs)
  • Basic EPS: ₹10.74 (Previous year: ₹10.75)
  • Diluted EPS: ₹10.74 (Previous year: ₹10.75)
  • Equity Share Capital: ₹2,233.12 lakhs (Previous year: ₹1,680.32 lakhs)

Half Year Ended March 31, 2026:

  • Total Income: ₹29,883.12 lakhs
  • Profit Before Tax: ₹1,569.50 lakhs
  • Net Profit: ₹1,173.01 lakhs
  • Basic EPS: ₹5.00
  • Diluted EPS: ₹6.00

Balance Sheet Position (as of March 31, 2026)

  • Total Equity and Liabilities: ₹23,501.18 lakhs
  • Shareholders' Funds: ₹20,139.65 lakhs (Equity Capital: ₹2,233.12 lakhs, Reserves: ₹17,906.53 lakhs)
  • Non-Current Liabilities: ₹668.72 lakhs
  • Current Liabilities: ₹2,692.81 lakhs
  • Total Assets: ₹23,501.18 lakhs
  • Non-Current Assets: ₹6,055.96 lakhs
  • Current Assets: ₹17,445.22 lakhs
  • Cash and Cash Equivalents: ₹1,293.84 lakhs

Audit Compliance

  • Statutory Auditors M/s Hardik Vora And Associates (FRN: 122756W) issued unmodified audit opinion on the financial results
  • Managing Director and CFO provided required declarations

IPO Proceeds Utilization

Monitoring Agency Report by Brickwork Ratings (Report No: BWR/2025-26/IPM/SIL/01, dated February 12, 2026)

Issue Details:

  • Fresh Issue and Offer for Sale of Equity Shares
  • Total Issue Size: ₹115.60 crore
  • Fresh Issue: 5,52,80,000 shares @ ₹195 each = ₹107.80 crore
  • Offer for Sale: 4,00,000 shares @ ₹195 each = ₹7.80 crore
  • Issue Period: September 23-26, 2025 (Anchor), September 24-26, 2025 (Others)

Utilization as of December 31, 2025:

  • Repayment of borrowings: ₹95.00 crore (100% of allocated amount)
  • General corporate purpose: ₹4.29 crore (100% of allocated amount)
  • Issue expenses: ₹8.51 crore (100% of allocated amount)
  • Total utilized: ₹107.80 crore (100% of fresh issue proceeds)
  • No unutilized amount remaining

Key Confirmation:

  • No deviations from objects disclosed in offer document
  • No material deviations requiring shareholder approval
  • All government/statutory approvals obtained
  • No favorable or unfavorable events affecting viability
  • No delays in implementation

Corporate Actions

  • Company received in-principle approval from BSE for up to 6,00,000 equity shares under ESOP Plan 2026, but no grants made as of result date
  • During the period, company allotted 55,280,000 equity shares of face value ₹10 each at ₹195 per share in IPO

New Appointments

Secretarial Auditors: M/s KDA & Associates, Practicing Company Secretaries (Peer review No 67) appointed for FY26-27. The firm has 7 partners and handles compliance for approximately 400 companies.

Additional Information

  • Financial results and related information available on company website: https://systematicindustries.com
  • The Monitoring Agency report represents first and final report for IPO proceeds utilization