Systematix Corporate Services: Dividend, auditor, ESOPs approved at AGM

At its 40th annual general meeting on September 19, 2025, Systematix Corporate Services Limited's members approved a final dividend of Rs. 0.10/- (ten paise only), representing 10% per equity share of Re. 1/- face value, for the fiscal year ended March 31, 2025. This was alongside the appointment of Sonam Jain as the secretarial auditor for a five-year term from FY 2025-26 to FY 2029-30. Jain, a fellow member of the Institute of Company Secretaries of India, brings over 10 years of experience in corporate laws and compliance.

Shareholders also approved the 'Systematix Employee Stock Option Scheme 2025' (ESOP 2025), which authorizes the compensation committee to grant up to 68,26,901 options to eligible employees, exercisable into an equivalent number of equity shares of Re. 1/- each. This scheme is in accordance with SEBI (SBEB) Regulations, 2021. The exercise price per option will be determined by the compensation committee, up to a 30% discount to the market price, but not less than the face value of shares.

The ESOP 2025 allows for options to vest between one and four years from the grant date, with an exercise period of up to four years from vesting. The scheme involves the new issue of equity shares and will be administered by the compensation committee, which can vary terms subject to applicable law and shareholder approval.