Monitoring Agency Report for Quarter ended March 31, 2026.
SYSTMTXC · price
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CARE Ratings Limited, the Monitoring Agency appointed by the company, has submitted its quarterly report for Q4 FY26 (January-March 2026). The company raised Rs. 103.12 crore through a Preferential Issue of equity shares between October-December 2024. Of the total proceeds, Rs. 42.12 crore has been utilized so far: Rs. 25 crore invested in subsidiary Systematix Shares and Stocks (India) Limited for working capital, Rs. 4 crore contributed to India SME Growth Fund (Category I AIF), and Rs. 13.12 crore deployed for General Corporate Purposes (specifically for SEBI merchant banking liquid net worth requirements). The unutilized Rs. 61 crore is parked in fixed deposits with Yes Bank earning 6-6.5% interest. The monitoring agency confirms no deviations from the stated objects, no material deviations, and no implementation delays as per offer document timelines.
The quarterly monitoring report shows compliant utilization of funds with no red flags. Shareholders can note that Rs. 61 crore (about 59% of raised capital) remains unutilized and parked in FDs, with planned deployment in subsidiary capital raise and AIF investments expected by November 2026.