Key Decisions and Approvals
The Board of Directors approved the following:
1. Standalone and consolidated unaudited financial results for the quarter ended June 30, 2026, along with Limited Review Report under Regulation 33
2. Notice of 41st Annual General Meeting with Directors Report, Corporate Governance Report, Management Discussion and Analysis Report for FY ended March 31, 2026
3. Conduct of 41st Annual General Meeting on Tuesday, September 22, 2026, at 11:00 AM through Video Conferencing/Other Audio-Visual Means
4. Closure of Register of Members from Wednesday, September 16, 2026, to Tuesday, September 22, 2026 (both days inclusive) for AGM and dividend purposes
5. Re-appointment of Mr. Nikhil Khandelwal (DIN: 00016387) as Managing Director for three years effective September 1, 2026, subject to shareholder approval
Financial Results - Standalone (₹ in lakhs)
Quarter Ended June 30, 2026:
- Total Income: ₹382.03
- Total Expenses: ₹1,087.18
- Net Loss Before Tax: (₹705.15)
- Tax Expenses: (₹86.25)
- Net Loss for Period: (₹618.90)
- Basic EPS: (₹0.45)
- Diluted EPS: (₹0.45)
Comparative Figures:
- Quarter Ended June 30, 2025: Net Profit ₹598.17, EPS ₹0.44
- Year Ended March 31, 2026: Net Profit ₹2,502.09, EPS ₹1.83
Financial Results - Consolidated (₹ in lakhs)
Quarter Ended June 30, 2026:
- Total Income: ₹5,892.92
- Total Expenses: ₹6,200.76
- Net Loss Before Tax: (₹307.84)
- Tax Expenses: ₹181.55
- Net Loss for Period: (₹489.39)
- Basic EPS: (₹0.36)
- Diluted EPS: (₹0.36)
Comparative Figures:
- Quarter Ended June 30, 2025: Net Profit ₹1,045.96, EPS ₹0.77
- Year Ended March 31, 2026: Net Profit ₹1,383.71, EPS ₹1.01
Segment-wise Performance (Consolidated)
Quarter Ended June 30, 2026:
- Merchant Banking & Related Activities: Revenue ₹382.03, Segment Loss (₹652.24)
- Financing and other Activities: Revenue ₹449.64, Segment Profit ₹421.16
- Equity, Commodity, Currency and other Transactional Services: Revenue ₹5,086.07, Segment Profit ₹51.65
Significant Notes to Financial Statements
1. ESOP Scheme: The company granted 7,43,908 stock options under "Systematix Employee Stock Option Scheme, 2025" approved on September 19, 2025. As of June 30, 2026, 6,91,142 options were outstanding (18,708 lapsed during quarter).
2. Subsidiary Investment: On April 13, 2026, the company invested ₹35,00,07,200 in its wholly-owned subsidiary Systematix Shares and Stocks (India) Limited through rights issue, subscribing to 17,50,036 equity shares at ₹200 per share (face value ₹10, premium ₹190).
3. Subsidiary Strike-off: Divisha Alternative Investments LLP, a subsidiary LLP, was struck off from the Register of LLP by ROC, Maharashtra on July 21, 2026, and ceased to be a subsidiary effective that date.
4. SEBI Regulatory Matter: Systematix Commodities Services Private Limited (SCSPL) had its registration certificate cancelled by SEBI order dated December 21, 2023. SAT granted stay on January 17, 2024, and the matter remains pending with next hearing scheduled for August 20, 2026. The company believes it has no major liabilities and will continue as a going concern.
5. Auditor's Emphasis of Matter: The auditors highlighted the SEBI regulatory matter concerning SCSPL in their review report.
Management Re-appointment Details
Mr. Nikhil Khandelwal (DIN: 00016387) was re-appointed as Managing Director for three years effective September 1, 2026. He holds an MBA from ISB, Hyderabad and BE from Manipal Institute of Technology, with previous experience as a consumer sector analyst at IDFC SSKI Research. He is not debarred from holding director office pursuant to any SEBI order.
Meeting Details
The board meeting commenced at 5:45 PM and concluded at 6:30 PM on August 7, 2026.