SISystematic Industries544541Preferential allotment

Board approves standalone H1 results and 14,57,400-share preferential allotment

1) Allotment of 14,57,400 equity shares of face value INR 10 each at INR 228 per share (premium INR 218), totalling INR 33,22,87,200, to promoter group and non-promoter allottees for cash and share swap.

By ScoutQuest · Tue 3 Nov 2026, 6:38 PM IST · 2 min read

Preferential Allotment

14,57,400 equity shares at INR 228 per share, totalling INR 33,22,87,200

H1 Revenue from operations

31,136.30 (amount in Lacs) against 25,368.10 a year earlier

H1 Profit for the period

1,275.43 (amount in Lacs) against 928.48 a year earlier

Two decisions came out of the board meeting held on November 3, 2026: approval of the standalone unaudited financial results for the half year ended September 30, 2026, and a preferential allotment of equity shares.

Half-year results (standalone)

• Revenue from operations was 31,136.30 (amount in Lacs) against 25,368.10 in the same half a year earlier.
• Profit for the period was 1,275.43 (amount in Lacs) against 928.48 in the same half a year earlier.
• The statutory auditor's limited review report carries an unmodified conclusion, meaning nothing came to the auditor's attention that causes it to believe the statement contains a material misstatement.

Allotment details

• 14,57,400 equity shares of face value INR 10 each were allotted at an issue price of INR 228 per share, including a premium of INR 218 per share.
• The total consideration is INR 33,22,87,200.
• The shares went to 20 allottees across the promoter group and the non-promoter category, for cash as well as for consideration other than cash (share swap).
• The single largest tranche was 9,42,600 shares to Veritas Industries Private Limited, a promoter group entity, allotted against share swap.
• After the allotment, the paid-up equity capital of the company stands at ~Rs. 23.79 crore.
• The allotment follows the special resolution passed by shareholders at the Extra-Ordinary General Meeting and the terms set out in that notice.

The Wire Brigade transaction

• Through the non-cash leg, the company acquired 99.96% of the equity shares of Wire Brigade Industries Private Limited, which will become a wholly owned subsidiary of the company.
• The proceeds of the preferential issue are proposed to be used for working capital requirements and for acquiring equity shares of Wire Brigade Industries Private Limited, as set out in the objects of the issue.

What a shareholder may note

• Fresh shares have been issued, so the total number of shares in the company has gone up; a holder who did not subscribe in this issue now holds a proportionately smaller slice of the company.
• Part of the consideration was settled by share swap rather than cash, so only the cash portion brings money into the company.
• The financials are a limited review, not a full audit, and are standalone.

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