Monitoring Agency Report for the quarter ended June 30, 2025.
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Systematix Corporate Services has submitted the quarterly Monitoring Agency Report from CARE Ratings for its Rs. 103.12 crore Preferential Issue of equity shares (Oct–Dec 2024). Out of the total funds, Rs. 25 crore was deployed in Q1FY26 by infusing capital into its subsidiary Systematix Shares and Stocks (India) Ltd for working capital (against the Rs. 60 crore earmarked), while Rs. 78.12 crore remains unutilized and parked in fixed deposits with Yes Bank earning 4.75%–6.95%. No deployment has yet happened toward the Rs. 30 crore AIF sponsor commitment or the Rs. 13.12 crore general corporate purposes bucket. The subsidiary received in-principal approvals from BSE, MCX, NSE, and NCDEX for its Rs. 25 crore rights issue, and the company got SEBI approval on Feb 20, 2025 for launching a scheme under its existing Category 1 AIF; registration of a new Category 2 AIF is still pending.
There is no deviation from stated objects and no delay reported, with the project completion timeline set at November 12, 2026. Shareholders should note that nearly 76% of the raised funds remain idle in bank deposits, pending regulatory clearances for AIF operations and further deployment into the subsidiary, which could weigh on near-term return on the capital raised.