EGM approves preferential share issue worth Rs 33.94 crore at Rs 228/share
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.3 pts less than Nifty Microcap 250 and 1.2 pts less than its Cables - Electricals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Systematic Industries held an EGM on October 1, 2026. Shareholders approved a special resolution to create, offer, issue and allot up to 14,88,600 equity shares of face value Rs 10 each at an issue price of Rs 228 per share (including Rs 218 premium), aggregating up to Rs 33,94,00,800 to allottees from the promoter group and non-promoters on a preferential and private placement basis. Voting participation was 74.20 percent with 100 percent votes cast in favor of the resolution.
Capital raise of about Rs 34 crore approved with potential equity dilution; premium pricing and promoter participation signal confidence in growth.