Systematic Industries Approves ₹33.94 Crore Preferential Issue For WBIPL Acquisition

Board approved acquisition of 100% of Wire Brigade Industries from promoter-group Veritas for Rs21,500/share and preferential issue of up to 14,88,600 shares at Rs228 aggregating Rs33.94 Cr. Target makes steel/MS/annealed wires at Howrah; FY26 turnover Rs109.7 Cr, PAT Rs2.14 Cr. Buy adds capacity and East presence; needs shareholder and exchange approval, EGM Oct 1. 100% buy makes target wholly-owned subsidiary in related-party deal stated at arm's length per valuer. Cash part Rs86,000 plus 5.46 lakh cash shares; completion within 30 days of approvals.