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Awaiting price reaction for this filing.
Systematix Securities Ltd has confirmed the reappointment of Mr. Madhav Inani (DIN: 03370896) as Managing Director of the company. The reappointment, originally effective from 14th August 2025, was approved by shareholders at the Annual General Meeting held on 25th September 2025. Mr. Madhav Inani, aged 36, holds a Bachelor in Commerce degree and is the son of Mr. Dinesh Inani. Director Rajesh Kumar Inani, who signed the disclosure, is the uncle of Mr. Madhav Inani, confirming a family-promoter connection on the board. The company also confirmed that Mr. Madhav Inani has not been debarred from holding directorship by SEBI or any other authority.
This is a routine reappointment of an existing family-promoter director, signaling continuity in leadership with no change in management control. For shareholders, this is largely procedural and unlikely to materially affect the stock price.