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Latest filing: 2026-09-25 18:33
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3 announcements match the current filters (relevance ≥ 5).
Systematic Industries Issues Corrigendum for ₹33.94 Cr Preferential Issue & Share Swap
Systematic Industries has issued a corrigendum to its EGM notice for a proposed preferential issue of up to 14,88,600 shares at ₹228 each, aggregating ₹33.94 crore. Of this, 9,42,600 shares will be issued on a share-swap basis to acquire 9,996 equity shares of WBPIL, with the balance for cash. The corrigendum clarifies valuation details following an independent valuer report fixing the fair value at ₹227.39 per share. The EGM is scheduled for October 01, 2026, to seek shareholder approval.
Confidence: HIGH
What changedSystematic Industries clarified the pricing formula, valuation report details, and ICDR compliance regarding its ₹33.94 crore preferential issue and share swap.
Why it mattersThe preferential issue represents a capital addition of ₹33.94 crore and involves an unlisted entity acquisition (WBPIL) via share swap, causing equity dilution for existing shareholders.
Total Preferential Issue Size: ₹33,94,00,800Issue Price per Share: ₹228.00Shares to be Allotted: 14,88,600Swap Consideration Shares: 9,42,600WBPIL Shares to Acquire: 9,996Issue Size vs Net Worth: ~16.9%
📅 Short termShareholders will vote on the special resolution on October 01, 2026; price movement will reflect sentiment around dilution and the target entity's value.
📈 Long termValue accretion will depend on the financial integration and strategic fit of WBPIL into Systematic Industries' core cables business.
⚠ Risk flags
- Equity dilution from new share issuance
- Limited public operational and financial details regarding the acquisition target WBPIL
Key Highlights
Preferential allotment of up to 14,88,600 shares at ₹228.00 per share (including ₹218.00 premium).
Total issue value aggregates to ₹33,94,00,800 (~17% of Net Worth of ₹201 Cr).
Acquisition of 9,996 shares of WBPIL discharged via share swap of 9,42,600 new equity shares.
Valuation report by Procurve Valux determined fair value at ₹227.39 per share.
Shareholder voting scheduled at the EGM on October 01, 2026.
👀 What to Watch
Track the outcome of the October 01, 2026 EGM voting and watch for subsequent regulatory disclosures detailing WBPIL's business fundamentals and financial contribution.
Systematic Industries targets 1,72,000 MTPA steel wire capacity with 72k MTPA addition by Nov 2026
Systematic Industries presented an operational update revealing that its new steel-wire manufacturing capacity of 72,000 MTPA is scheduled to be operational by November 2026, boosting total capacity to 1,72,000 MTPA. The company reported FY26 net sales of ₹552.5 crore (up 23.7% YoY) and PAT of ₹21.0 crore (up 16.4% YoY), supported by net worth expansion to ₹201.4 crore. It is also executing ₹84.71 crore in total order wins across new-age Optical Ground Wire (OPGW) and optical cable segments, primarily from PGCIL. The 72k MTPA addition expands legacy capacity by over 70%, representing a significant step-up in production capabilities.
Confidence: HIGH
What changedSystematic Industries disclosed the operational timeline (November 2026) for adding 72,000 MTPA steel-wire capacity and summarized recent EPC/OPGW contract wins worth ₹84.71 crore.
Why it mattersThe 72,000 MTPA capacity expansion represents a massive capacity addition to its existing 100,000 MT base, facilitating scale while expanding into higher-margin digital infrastructure (OPGW/OFC).
Planned Capacity Addition: 72,000 MTPATotal Installed Capacity Post-Expansion: 1,72,000 MTPANew-Age Segment Order Wins: INR 847.1 MnFY26 Net Sales: INR 5,525 MnOrder Wins vs TTM Revenue: ~8.5%
📅 Short termInformational presentation provides market participants clarity on business drivers and recent order traction ahead of conference meetings.
📈 Long termThe vertical integration into OPGW/ACS wires along with a 72% increase in wire capacity positions the company to tap into India's grid modernization and fiberization capex.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Execution and ramp-up timeline risk for the 72,000 MTPA expansion scheduled for November 2026
- High dependence on legacy business which comprised 98.3% of FY26 revenues
Key Highlights
New steel wire capacity of 72,000 MTPA to be operational from November 2026, scaling total capacity to 1,72,000 MTPA across 6 units
Secured INR 847.1 Mn total order wins in new-age segments, led by INR 824.2 Mn OPGW orders from Powergrid Corporation of India
FY26 net revenue rose 23.7% YoY to INR 5,525 Mn, with EBITDA at INR 405 Mn (7.3% margin) and PAT at INR 210 Mn
Net worth expanded to INR 2,014 Mn as of March 31, 2026, while total borrowings fell to INR 100 Mn (INR 37 Mn non-current, INR 63 Mn current)
👀 What to Watch
Track the commercial commissioning of the 72,000 MTPA capacity expansion in November 2026 and revenue conversion in the higher-margin OPGW/OFC product portfolio.
48,000 MTPA Capacity Addition: Systematic Industries Acquires GI Wire Plant in Chhattisgarh
Systematic Industries has acquired a 48,000 MTPA Galvanized Iron (GI) wire manufacturing facility in Chhattisgarh, representing a ~48% increase in its total installed capacity to 1,48,000 MTPA. The 10-acre facility is already fully operational, making the transaction immediately EPS accretive. This move strengthens the company's presence in Central India and targets high-growth infrastructure and power transmission sectors. With a TTM revenue of ₹1000 Cr and a low debt-to-equity ratio of 0.05, the company is leveraging its strong balance sheet for inorganic growth.
Confidence: HIGH
What changedThe company acquired an existing, operational 48,000 MTPA GI wire plant, significantly boosting its production capabilities.
Why it mattersThis expansion allows the company to capture more demand from the power and infrastructure sectors while optimizing logistics for Central India and increasing its national market share.
Acquired Capacity: 48,000 MTPACapacity Increase: ~48%Total Capacity: 1,48,000 MTPAFacility Size: 10 acresAcquisition Cost: not disclosed
📅 Short termPositive sentiment expected as the acquisition is immediately operational and EPS accretive, requiring no gestation period.
📈 Long termStructural growth driver; positions the company as a larger national player in the steel wire segment with better geographic diversification and scale.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Integration risks of the new facility
- Raw material price volatility for GI wires
Key Highlights
Acquired 48,000 MTPA GI wire facility, increasing total capacity by ~48%
Total manufacturing capacity reaches ~1,48,000 MTPA across five units
Facility spans approximately 10 acres in the industrial hub of Siltara, Chhattisgarh
The plant is fully operational, ensuring immediate contribution to earnings (EPS accretive)
👀 What to Watch
Monitor the integration of the new facility and its impact on the upcoming quarterly margins, specifically looking for improvements in logistics costs due to the strategic location in Central India.
