Systematic Industries Ltd (544541) — Board Meeting | 8 September 2026 (3 announcements)

The board approved acquiring 100% of Wire Brigade Industries Private Limited for ₹21,500 per share, paying ₹86,000 cash for 4 shares and issuing 9,42,600 preferential shares at ₹228 each to settle the rest. A 14,88,600-share preferential issue at ₹228 per share ([amount not verified] total) will fund the acquisition and general corporate needs, subject to shareholder approval. An Extraordinary General Meeting is scheduled for October 1, 2026, with e-voting from September 28-30, 2026, and a record date of September 25, 2026.

Systematic Industries announced a strategic acquisition of Wire Brigade Industries Private Limited to boost manufacturing capacity to 1.72 lakh MT annually, adding a Howrah facility in Eastern India. The deal includes a ₹33.94 crore preferential issue of shares to fund the ₹21.50 crore acquisition, combining share swap and cash components. The transaction integrates a promoter group business into the listed entity, expanding Systematic's pan-India footprint and capacity-led growth strategy.

Systematic Industries announced a board-approved acquisition of 100% of Wire Brigade Industries Private Limited for ₹21,500 per share, involving 9,42,600 new shares issued at ₹228 each ([amount not verified] total) and ₹86,000 cash for 4 shares, alongside a [amount not verified] preferential issue of up to 14,88,600 shares at ₹228 each to promoters and non-promoters, with an EoGM scheduled for October 1, 2026 to seek shareholder approval.