REVISED - Pursuant to Regulation 30 read with Schedule III of SEBI (LODR) Reg, 2015, we wish to inform that the Company committed the initial contribution of Rs. 10 crore in one or more ....
SYSTMTXC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Systematix Corporate Services Ltd has committed an initial contribution of up to Rs. 10 crore as a Sponsor in India SME Growth Fund – Series 2, a Category I Alternative Investment Fund. The investment will be made in one or more tranches in cash, and SEBI approval has already been obtained. The company will act as Sponsor, while its wholly-owned subsidiary, Systematix Wealth & Asset Services Pvt Ltd, will serve as the Investment Manager of the AIF. The scheme is newly launched (no turnover in the last 3 years) and the commitment aligns with a shareholder resolution passed in October 2024 authorising the company to invest in AIFs.
This is a capital deployment of up to Rs. 10 crore into a related-party AIF scheme, which could tie up company funds for the scheme's term of 5 years (extendable by up to 2 more years) with no early exit. Investors should watch whether this drives future fee/income for the subsidiary acting as Investment Manager, though near-term EPS impact may be modest given the size relative to the company.