03-Nov-2026 18:06:51
SYSTEMATICAcquisition and merger
SYSTEMATIC INDUSTRIES : ACQUIRES 99.96% OF WIRE BRIGADE VIA SHARE SWAP WORTH OVER RS 33.23 CR
• Board approved preferential allotment of 14,57,400 equity shares at ₹228/share, aggregating ₹33.23 Cr, to promoter group and non-promoter allottees • 9,42,600 shares allotted to promoter-group Veritas Industries Private Limited for non-cash share swap, valued at ~₹21.49 Cr • Share swap gives company 9,996 equity shares or 99.96% of Wire Brigade Industries Private Limited; WBIPL to become wholly owned subsidiary • Paid-up equity capital rises to ₹23.79 Cr (2,37,88,642 shares) from ₹22.33 Cr (2,23,31,242 shares) • H1 ended Sep 2026 revenue ₹311.36 Cr v ₹253.68 Cr (YOY); net profit ₹12.75 Cr v ₹9.28 Cr (YOY)
Systematic Industries Ltd
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