Systematix Corporate Services Invests ₹10 Crore In Subsidiary SWASPL Rights Issue
Mumbai: Systematix Corporate Services Ltd on Monday, September 29, 2026, announced an investment of ₹10 crore in its wholly-owned subsidiary, Systematix Wealth & Asset Services Private Limited (SWASPL). The investment was made by subscribing to 1 crore equity shares of ₹10 each at par through a rights issue. Subsidiary Background SWASPL, formerly known as Systematix Wealth & Asset Management…
Mumbai, September 29, 2026 - Systematix Corporate Services Ltd has announced it will invest ₹10 crore in its wholly-owned subsidiary, Systematix Wealth & Asset Services Private Limited (SWASPL), through a rights issue. Systematix Corporate Services will purchase 1 crore equity shares of ₹10 each at par value.
SWASPL, which formerly went by Systematix Wealth & Asset Management Private Limited and Systematix Ventures Private Limited, primarily works in the areas of Alternative Investment Funds, Wealth Management, and distributing financial products. The company is registered with the Association of Mutual Funds in India (AMFI) and serves as a Portfolio Manager for the Securities and Exchange Board of India.
For the financial year ending March 31, 2026, SWASPL reported a turnover of ₹193.06 lakh. Prior to that, the company earned ₹0.02 lakh in the fiscal year 2023-24 and recorded no turnover in 2024-25. SWASPL was established on September 3, 2013.
The transaction is considered a related party deal, executed at arm's length. The company has affirmed that the promoter and its associates have no further interest in SWASPL, aside from their current shareholding and directorship roles. Systematix Corporate Services will continue to maintain SWASPL as a wholly-owned subsidiary, without altering the ownership percentage or control.
The investment in SWASPL's equity shares via the rights issue is aimed at addressing the subsidiary's working capital needs. The acquisition is entirely cash-based. This story is derived from company exchange filings and is intended for informational purposes only. Prospective investors are advised to conduct their own risk assessments before making any investment decisions.
Written by urgent.news from Free Press Journal's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.