Fundraise / allotmentFiled on BSE ·
Systematic Industries Ltd approves acquisition of Wire Brigade Industries Pvt Ltd
Systematic Industries Ltd · Industrial Products
What the filing says
- Acquired 10,000 equity shares (100% ownership) of Wire Brigade Industries Pvt Ltd from Veritas Industries Private Limited for ₹21,500 per share, total consideration in cash and share swap.
- Issued up to 14,88,600 equity shares at ₹228 each (₹33.94 crore) to promoters and non-promoters on preferential basis on October 1, 2026 EGM approval.
- Wire Brigade Industries is an ISO certified steel wire manufacturer with 2025-26 turnover ₹109.75 crore and wholly owned subsidiary post acquisition.
Original filing
Announcement under Regulation 30 (LODR)-Acquisition
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More from Systematic Industries Ltd
- Fundraise / allotmentSystematic Industries Limited completes preferential issue of 14.88 lakh shares at ₹228 each
- Fundraise / allotmentSystematic Industries Ltd proposes preferential issue of up to 14.89 lakh shares at ₹228 each
- Fundraise / allotmentSystematic Industries Limited acquires 100% stake in Wire Brigade Industries Pvt Ltd
- Fundraise / allotmentSystematic Industries Ltd acquires Wire Brigade, raises ₹33.94 crore via preferential issue
- Fundraise / allotmentSystematic Industries Ltd approves acquisition of Wire Brigade Industries Pvt Ltd
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Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.