Systematix Corporate Services Ltd. Invests in Subsidiary via Rights Issue, Amounts to Rs. 35,00,07,200/-
Systematix Corporate Services Limited has completed an investment in its Wholly Owned Subsidiary, M/s. Systematix Shares and Stocks (India) Limited (SSSIL), through a rights issue. The investment, structured for the working capital requirements of SSSL, was successfully executed by subscribing to 17,50,036 equity shares.The total value of the investment through the rights issue aggregates to Rs. 35,00,07,200/- (Rupees Thirty-Five Core Seven Thousand Two Hundred Only). Details of the subscription confirm that the shares, each having a face value of Rs. 10/-, were acquired at an issue price of Rs. 200/- per Equity Share, which includes a premium of Rs. 190/-.
The company confirmed that the transaction maintains the existing control structure, stating that SSSL will continue to remain a wholly owned subsidiary of Systematix Corporate Services Limited, and there will be no change in the percentage of shareholding.
Profile of Systematix Shares and Stocks (India) Limited
SSSIL is identified as a SEBI registered Intermediary operating primarily in the broking business. The subsidiary holds memberships with major exchanges, including BSE Limited (BSE), National Stock Exchange of India Limited (NSE), Multi Commodity Exchange of India Limited (MCX), and National Commodity and Derivatives Exchange (NCDEX).Beyond broking, SSSL also conducts activities as a SEBI registered CDSL Depository Participant (DP), Portfolio Manager, and Research Analyst. The company's turnover for the financial year ended March 31, 2025, stood at Rs. 6,842.31 lakhs.
Financial Overview of SSSL
The company’s turnover over the last three fiscal years highlights its consistent presence in the market.| Financial Year | Turnover (Rs. In Lakhs) |
|---|---|
| FY 2022-23 | 4,182.65 |
| FY 2023-24 | 7,342.19 |
| FY 2024-25 | 6,842.31 |
SSSIL operates within the Capital Markets industry and has its presence in India. The investment made by Systematix Corporate Services Limited was in line with the company's object for investment in its subsidiary for its general working capital requirements.
SYSTMTXC Stock Price Movement
Systematix Corporate Services Limited shed 4.64% of value today, settling at ₹71.05. Trading volume for the stock clocked in at 221,724 shares during the session.Source:
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