Systematix to sponsor India SME Growth Fund - Series 2

Systematix Corporate Services Limited has committed an initial contribution of up to ₹10 crore in one or more tranches to the India SME Growth Fund - Series 2. This scheme, a Category I Alternative Investment Fund, will be sponsored by Systematix Corporate Services Limited, with its wholly-owned subsidiary, Systematix Wealth & Asset Services Private Limited, acting as the investment manager.

The investment in the controlled trust will constitute a related party transaction as per SEBI regulations, although promoters of Systematix Corporate Services have no interest in the investment, and the transaction is at arm's length. Necessary SEBI approval has been obtained for this acquisition, which involves the company acquiring units of the AIF scheme at face value.

The scheme's term is five years from the initial closing date, extendable by up to two additional one-year periods, with no exit option available to investors until the term's end. This investment aligns with the company's objective, as approved by shareholders in a special resolution on October 14, 2024, to invest in AIFs as a "sponsor."