SYSTMTXC - Systematix Corp.
📢 Recent Corporate Announcements
Systematix Corporate Services Limited has announced the appointment of Mr. Pradeep Gotecha as the company's Internal Auditor, with the role officially commencing on April 29, 2026. The announcement was released alongside a comprehensive update to the company's Code of Conduct for Prevention of Insider Trading, aligning with SEBI 2015 regulations. The company also clarified its consolidated structure, which includes seven key entities such as Systematix Shares and Stocks (India) Limited and Systematix Fincorp India Limited. This move underscores the firm's commitment to internal governance and regulatory compliance.
- Mr. Pradeep Gotecha appointed as Internal Auditor with an effective date of April 29, 2026.
- The company reaffirmed its Insider Trading Code to regulate trading by 'Designated Persons' and their relatives.
- Consolidated structure includes 5 subsidiaries and 2 joint ventures/LLPs, including Systematix Wealth & Asset Services.
- The Compliance Officer will report directly to the Board and the Chairman of the Audit Committee at least once a year.
Systematix Corporate Services Limited has submitted its financial results for the fiscal year ended March 31, 2026, following a board meeting. Alongside the results, the company released an updated Code of Conduct for Prevention of Insider Trading to comply with SEBI (Prohibition of Insider Trading) Regulations, 2015. The consolidated results include seven key entities, such as Systematix Shares and Stocks (India) Limited and Systematix Fincorp India Limited. This filing serves as a routine regulatory update regarding annual performance and governance protocols.
- Board approved the financial results for the period ended March 31, 2026.
- Consolidated results include 7 entities including Systematix Shares and Stocks and Systematix Fincorp.
- Updated the Code of Conduct for Prevention of Insider Trading as per SEBI (PIT) Regulations.
- Defined protocols for handling Unpublished Price Sensitive Information (UPSI) and 'Chinese Walls' within the organization.
Systematix Corporate Services Limited conducted an Extra-Ordinary General Meeting (EGM) on April 17, 2026, to seek shareholder approval for a management change. The sole agenda item was a special resolution for the appointment of Mr. Vijaykumar Gautam as a Non-Executive Independent Director. Remote e-voting was available for three days prior to the meeting, ending on April 16, 2026. The meeting concluded efficiently in 18 minutes, and final voting results will be disclosed following the scrutinizer's report.
- Special Resolution proposed for the appointment of Mr. Vijaykumar Gautam (DIN: 07358773) as Non-Executive Independent Director.
- Remote e-voting period was active for 3 days, from April 14, 2026, to April 16, 2026.
- The EGM was conducted via Video Conferencing and lasted approximately 18 minutes (11:00 a.m. to 11:18 a.m.).
- Final voting results and Scrutinizer’s Report to be uploaded to the stock exchange in due course.
Systematix Corporate Services Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate, provided by its Registrar and Share Transfer Agent (RTA), Cameo Corporate Services Limited, pertains to the quarter ending March 31, 2026. It confirms that share certificates received for dematerialization were processed, cancelled, and the depository's name was updated in the records within the stipulated time. This filing is a standard procedural requirement to ensure the integrity of the dematerialization process.
- Quarterly compliance certificate submitted for the period ended March 31, 2026.
- Certificate issued by Registrar and Share Transfer Agent, Cameo Corporate Services Limited.
- Confirms compliance with SEBI (Depositories and Participants) Regulations, 2018.
- Ensures that dematerialized share certificates were properly mutilated and cancelled within prescribed timelines.
Systematix Corporate Services Limited has announced the closure of its trading window for all designated persons starting April 1, 2026. This is a mandatory regulatory requirement under SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the company's financial result declaration. The restriction applies to promoters, directors, and designated persons, whose PANs will be frozen by depositories to prevent any trading. The window will remain closed until 48 hours after the audited financial results for the quarter and year ended March 31, 2026, are announced.
- Trading window closure for designated persons begins April 1, 2026
- Closure pertains to the audited financial results for the quarter and year ended March 31, 2026
- Window to reopen 48 hours after the official announcement of financial results
- PAN of Directors and Promoters will be frozen by depositories during this period per SEBI norms
Systematix Corporate Services Limited has scheduled an Extra-Ordinary General Meeting (EGM) for April 17, 2026, to be held via video conferencing. The primary agenda is the formal appointment of Mr. Vijaykumar Gautam as a Non-Executive Independent Director for a five-year term ending January 2031. The company has established April 10, 2026, as the cut-off date to determine shareholder eligibility for e-voting. This meeting follows his initial appointment as an Additional Director by the Board on January 21, 2026.
- Extra-Ordinary General Meeting (EGM) scheduled for April 17, 2026, at 11:00 AM IST.
- Proposal to appoint Mr. Vijaykumar Gautam as an Independent Director for a 5-year term until January 20, 2031.
- Cut-off date for determining voting rights and EGM attendance is fixed as April 10, 2026.
- Share transfer books and Register of Members will remain closed from April 11 to April 17, 2026.
Systematix Corporate Services has committed an initial contribution of up to ₹10 crore as a sponsor for the Systematix India Equity Opportunities Fund. This Category II Alternative Investment Fund (AIF) will be managed by the company's wholly-owned subsidiary, focusing on pre-IPO and high-growth sector investments. The move is part of a strategic plan previously approved by shareholders to expand the company's presence in the asset management space. The investment will be made in tranches and has a fixed term of six years, extendable by two years.
- Commitment of up to ₹10 crore as a sponsor in the Systematix India Equity Opportunities Fund
- The fund is a Category II AIF targeting pre-IPO companies and high-growth sectors
- Wholly-owned subsidiary Systematix Wealth & Asset Services will serve as the Investment Manager
- The investment term is 6 years, with potential extensions of up to 2 additional years
- Deployment aligns with the objects of the preferential issue approved in October 2024
Systematix Corporate Services is investing ₹4.5 crore into its wholly-owned subsidiary, Systematix Wealth & Asset Services Private Limited, through a rights issue. The subsidiary focuses on Alternative Investment Funds (AIF) and Wealth Management but has reported zero turnover for the last three financial years. This capital injection is intended to meet the subsidiary's working capital requirements as it prepares to scale operations. The investment involves the subscription of 45 lakh equity shares at a face value of ₹10 each, maintaining 100% ownership.
- Investment of ₹4.5 crore in wholly-owned subsidiary Systematix Wealth & Asset Services.
- Subscription of 45,00,000 equity shares at a par value of ₹10 per share.
- Subsidiary reported zero turnover for FY 2022-23, 2023-24, and 2024-25.
- Funds are specifically earmarked for meeting the working capital requirements of the subsidiary.
- Subsidiary holds SEBI Portfolio Manager and AMFI registrations for financial product distribution.
Systematix Corporate Services Limited has acquired 2,77,000 equity shares of Industrial Investment Trust Limited (IITL), representing a 1.23% stake in the company. The acquisition was executed through a market purchase at a price of Rs 144 per share, totaling a cash consideration of approximately Rs 3.99 crore. IITL is an RBI-registered NBFC-ICC that functions primarily as a holding company with a turnover of Rs 14.23 crore in FY 2024-25. This move is intended to optimize the utilization of surplus funds and diversify Systematix's income streams.
- Acquisition of 2,77,000 equity shares representing a 1.23% stake in IITL.
- Total investment of Rs 3.99 crore made at a market price of Rs 144 per share.
- Target entity IITL is a base layer NBFC with a market capitalization of Rs 330.91 crore.
- IITL reported a turnover of Rs 14.23 crore for the financial year ended March 31, 2025.
- The transaction is a non-related party market purchase aimed at income diversification.
Systematix Corporate Services Limited has acquired a 1.23% stake in Industrial Investment Trust Limited (IITL) through a market purchase. The company invested ₹3.99 crore to buy 2,77,000 shares at a price of ₹144 per share. IITL is an RBI-registered NBFC-ICC that primarily operates as a holding company for various investments. This acquisition is part of Systematix's strategy to utilize surplus funds and diversify its income streams.
- Acquired 2,77,000 equity shares of IITL at ₹144 per share via market purchase.
- Total investment value aggregates to ₹3,98,88,000 for a 1.23% equity stake.
- Target entity IITL is an NBFC with a market capitalization of approximately ₹330.91 crore.
- IITL reported a turnover of ₹1,422.57 Lakhs for the financial year ended March 31, 2025.
- The investment is aimed at optimal utilization of surplus funds and income diversification.
Systematix reported a 12% YoY growth in total income for 9M FY26, reaching ₹122.7 Cr with an adjusted PBT of ₹40.7 Cr. However, Q3 FY26 performance was softer, with income declining to ₹33.6 Cr from ₹43.8 Cr in the previous year due to market conditions and deliberate strategic investments. The company is aggressively expanding its Private Wealth and Asset Management arms, including the launch of a ₹1,000 Cr AIF. While these investments and ESOP costs have weighed on short-term margins, the firm maintains a massive deal pipeline of over ₹10,000 Cr.
- 9M FY26 total income grew 12% YoY to ₹122.7 Cr with Adjusted PBT at ₹40.7 Cr
- Q3 FY26 total income stood at ₹33.6 Cr compared to ₹43.8 Cr in the same quarter last year
- Investment banking division maintains a transaction pipeline exceeding ₹10,000 Cr across 23+ opportunities
- Launched India Equity Opportunities Fund (Category II AIF) with a targeted size of ₹1,000 Cr
- Profitability impacted by senior leadership hiring, technology upgrades, and ESOP implementation for talent retention
Systematix Corporate Services reported a 23% YoY decline in total income for Q3 FY26, falling to ₹33.60 Cr from ₹43.82 Cr. Profitability was severely impacted, with Adjusted PBT dropping 71% YoY to ₹6.20 Cr, primarily due to upfront investments in the Private Wealth platform and ESOP implementation costs. Despite the quarterly dip, the 9M FY26 total income grew by 12% YoY to ₹122.67 Cr. The company maintains a strong investment banking pipeline of over ₹10,600 Cr and has launched a ₹1,000 Cr AIF II fund to drive future growth.
- Total Income for Q3 FY26 decreased by 23% YoY to ₹33.60 Cr.
- Adjusted PBT for Q3 FY26 fell sharply by 71% YoY to ₹6.20 Cr from ₹21.32 Cr.
- Investment banking pipeline remains robust at ₹10,600+ Cr across 23+ active opportunities.
- Launched AIF II - India Equity Opportunities Fund with a target size of ₹1,000 Cr.
- 9M FY26 Total Income grew 12% YoY to ₹122.67 Cr, though 9M Adjusted PBT saw a 10% decline.
Systematix Corporate Services reported a sharp decline in standalone net profit for Q3 FY26, falling 64.6% YoY to ₹4.56 crore from ₹12.91 crore in the previous year. Total income for the quarter also decreased significantly to ₹14.89 crore compared to ₹26.19 crore in Q3 FY25, primarily due to lower service sales. Despite the quarterly dip, the nine-month (9M FY26) performance remains strong with a net profit of ₹28.54 crore, up 32.2% YoY. Additionally, the company appointed Mr. Vijaykumar Gautam as an Independent Director following the resignation of Mr. Sampath Kumar.
- Standalone Q3 FY26 net profit fell 64.6% YoY to ₹4.56 crore from ₹12.91 crore.
- Total income for the quarter dropped to ₹14.89 crore from ₹26.19 crore in the same period last year.
- Nine-month (9M FY26) net profit grew 32.2% to ₹28.54 crore compared to ₹21.58 crore in 9M FY25.
- Mr. Vijaykumar Gautam appointed as Additional Non-Executive Independent Director for a 5-year term.
- Outstanding ESOPs under the 2025 scheme stood at 720,530 options as of December 31, 2025.
Systematix Corporate Services reported a significant decline in its standalone financial performance for the quarter ended December 31, 2025. Net profit for Q3 FY26 fell to ₹4.57 crore, a 65% drop compared to ₹12.91 crore in the same quarter last year. Total income also saw a sharp contraction to ₹14.89 crore from ₹26.19 crore YoY. Despite the weak quarterly results, the nine-month (9M FY26) performance remains stronger than the previous year, with net profit up 32% at ₹28.54 crore.
- Standalone Net Profit for Q3 FY26 plummeted 64.6% YoY to ₹456.51 lakhs from ₹1,290.70 lakhs.
- Total Income for the quarter decreased by 43% YoY to ₹1,489.44 lakhs compared to ₹2,618.96 lakhs.
- 9M FY26 Net Profit stands at ₹2,853.78 lakhs, showing a 32.2% growth over 9M FY25.
- Mr. Vijaykumar Gautam appointed as Additional Non-Executive Independent Director for a 5-year term.
- Company reported 7,20,530 outstanding ESOPs under the 2025 scheme as of December 31, 2025.
Systematix Corporate Services reported a sharp decline in Q3 FY26 standalone net profit to ₹4.56 crore, down from ₹12.91 crore in Q3 FY25. Total income for the quarter fell to ₹14.89 crore compared to ₹26.19 crore in the previous year's corresponding quarter. On a cumulative 9-month basis, the company performed better with a net profit of ₹28.54 crore versus ₹21.58 crore in 9M FY25. Additionally, the board approved the appointment of Mr. Vijaykumar Gautam as an Independent Director following the resignation of Mr. Sampath Kumar.
- Standalone Net Profit for Q3 FY26 fell 64.7% YoY to ₹4.56 crore.
- Total Income for the quarter decreased to ₹14.89 crore from ₹26.19 crore in Q3 FY25.
- 9M FY26 Net Profit increased to ₹28.54 crore from ₹21.58 crore in 9M FY25.
- Quarterly EPS dropped significantly to ₹0.33 from ₹0.97 in the same period last year.
- Appointment of Mr. Vijaykumar Gautam as Independent Director for a 5-year term.
Financial Performance
Revenue Growth by Segment
Standalone revenue (Merchant Banking) grew 23.09% to INR 6,877.76 Lakh. Subsidiary revenue for Systematix Shares and Stocks grew 17.95% to INR 9,346.26 Lakh, while Systematix Fincorp grew 9.93% to INR 831.83 Lakh. Systematix Finvest declined 45.05% to INR 324.55 Lakh and Systematix Commodities declined 79.73% to INR 12.38 Lakh.
Geographic Revenue Split
North India is the fastest-growing region with 31 million investors, followed by the West with 28 million, South with 18 million, and East with 10 million. The West region accounts for 50% of the trading volume on both exchanges.
Profitability Margins
Consolidated Net Profit Margin decreased 24.55% to 27.10% (INR 4,576.13 Lakh) from 35.92% (INR 5,334.63 Lakh). Standalone Net Profit Margin was 34.36% (INR 2,363.49 Lakh). Operating Profit Margin decreased 23.90% to 36% from 48% due to institutional discounts and higher fixed costs.
EBITDA Margin
Subsidiary EBIDT performance: Shares and Stocks INR 1,857.71 Lakh (-31.99% YoY); Fincorp INR 757.88 Lakh (+3.65% YoY); Finvest INR 294.71 Lakh (-47.75% YoY).
Capital Expenditure
Not disclosed in available documents, though the company prioritizes continuous investment in technology and cybersecurity infrastructure.
Credit Rating & Borrowing
Debt Equity Ratio improved by 54.42% to 0.03 from 0.08. Finance costs increased to INR 417.28 Lakh (2.47% of total income) from INR 309.00 Lakh.
Operational Drivers
Raw Materials
Human Capital (Employee costs at 28.46% of income, INR 4,806.41 Lakh) and Financial Capital (Equity and Borrowings) are the primary operational inputs.
Capacity Expansion
Operates through 7 locations via branches and approximately 70 franchisees across 9 states, supported by a team of 285+ professionals.
Raw Material Costs
Employee benefits expense (Standalone) was INR 1,488.82 Lakh (21.65% of income), representing a significant YoY increase from INR 1,149.41 Lakh.
Strategic Growth
Expected Growth Rate
18.29%
Growth Strategy
Launch of Category I AIF – India SME Growth Fund in FY25-26; scaling Wealth Management (AUM & Custody ~INR 9,000 Cr) and maintaining a 7.5% market share in QIP fund mobilization.
Products & Services
IPOs, QIPs, Rights Issues, Buy-backs, Portfolio Management Services (PMS), Alternative Investment Funds (AIF), and Loan Against Shares.
Brand Portfolio
Systematix, Systematix Wealth, Systematix PMS, India SME Growth Fund.
New Products/Services
India SME Growth Fund (Category I AIF) received SEBI approval and is scheduled for launch in FY25-26.
Market Expansion
Strategic focus on North India, identified as the fastest-growing region with a registered investor base of 31 million.
Market Share & Ranking
Ranked among the Top 15 firms for QIP fund mobilization with a 7.5% market share in FY25.
Strategic Alliances
Maintains a Joint Venture LLP (share of loss INR 1.25 Lakh).
External Factors
Industry Trends
Merchant Banking market expected to grow at 18.29% CAGR to reach USD 153.58 billion by 2030; North India emerging as the primary growth hub.
Competitive Landscape
Active player in India's mid-market investment banking and wealth management space, competing with Top 15 firms in QIP issuance.
Competitive Moat
40-year track record (founded 1985) and top-quartile PMS performance (24% 5-year CAGR) provide durable competitive advantages in mid-market investment banking.
Macro Economic Sensitivity
Highly sensitive to stock market performance, interest rates (Finance cost INR 417.28 Lakh), and inflation.
Consumer Behavior
Increasing retail participation and shift in investor preferences toward small and mid-cap segments in wealth management.
Geopolitical Risks
Global uncertainties noted as a factor impacting IPO market momentum and resilience.
Regulatory & Governance
Industry Regulations
Adheres to the Companies Act, 2013 and Indian Generally Accepted Accounting Principles (GAAP).
Taxation Policy Impact
Consolidated tax (current and deferred) of INR 1,133.02 Lakh, representing 6.71% of total income.
Risk Analysis
Key Uncertainties
Market risk (volatility), Credit risk (receivables and financing), and Human Capital risk (talent scarcity).
Geographic Concentration Risk
West region accounts for 50% of trading volume; North India is the fastest-growing region with 31 million investors.
Third Party Dependencies
Dependency on approximately 70 franchisees for distribution and client acquisition.
Technology Obsolescence Risk
Risk of technological malfunctions or security breaches; mitigated by continuous system upgrades and cybersecurity investments.
Credit & Counterparty Risk
Credit risk in financing managed via loan policies and upfront margins (funds/securities) from clients.