Systematix Corporate Services Acquires 1.23% Stake in Industrial Investment Trust for ₹39.89 Crore

Systematix Corporate Services Limited has made a significant strategic investment in Industrial Investment Trust Limited (IITL), acquiring equity shares worth ₹3,98,88,000 through market purchase. The transaction, disclosed under SEBI Regulation 30, represents the company's continued focus on diversifying its investment portfolio and optimizing surplus fund utilization. Investment Details The acquisition involves 2,77,000 equity shares of ₹10 face value each, purchased at a market price of ₹144 per share. This investment provides Systematix Corporate Services with a 1.23% stake in IITL's total diluted share capital. Parameter: Details Number of Shares: 2,77,000 Face Value per Share: ₹10 Purchase Price per Share: ₹144 Total Investment Value: ₹3,98,88,000 Stake Acquired: 1.23% Transaction Type: Market Purchase About Industrial Investment Trust Limited IITL operates as a Non-Deposit taking Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India. The company is classified as an NBFC-Investment and Credit Company (NBFCICC) and has been categorized as a base layer NBFC (NBFC-BL) since October 01, 2022, under RBI's Scale Based Regulation framework. The company primarily functions as a holding company, maintaining investments in subsidiaries and group companies. IITL's business activities encompass: Investment in quoted and unquoted equity shares Units of mutual funds Fixed deposits with banks Treasury Bills Corporate loans Financial Performance Overview IITL's financial performance over the past three years shows varying turnover levels, with the company currently maintaining a market capitalization of ₹330.91 crore. Financial Year: Turnover (₹ in Lakhs) FY 2022-23: 1,527.67 FY 2023-24: 3,748.35 FY 2024-25: 1,422.57 Strategic Rationale The acquisition aligns with Systematix Corporate Services' objective of optimal utilization of surplus funds and diversification of income streams. The company expects this investment to contribute positively to its earnings over the medium to long term without any material adverse impact on its financial position or operations. The transaction does not fall within related party transactions, and no promoter or promoter group has any interest in the acquired entity. The investment was completed through cash consideration and required no governmental or regulatory approvals. The National Company Law Tribunal (NCLT) Mumbai has issued a notice for a hearing scheduled on February 7, 2026, concerning a significant corporate restructuring involving four companies through a scheme of amalgamation. Corporate Restructuring Details The amalgamation involves three transferor companies merging into one transferee company. The petition was filed jointly under Sections 230 to 232 of the Companies Act, 2013, and received admission from the NCLT Mumbai on January 7, 2026. Company Role Company Name Incorporation Act CIN Transferor Company No. 1 Bloom Foods and Beverages Private Limited Companies Act, 2013 U74120MH2016PTC272100 Transferor Company No. 2 Nilgiris Franchise Limited Companies Act, 1956 U65910MH1996PLC265704 Transferor Company No. 3 Nilgiri's Mechanised Bakery Private Limited Companies Act, 1956 U85110MH1988PTC265435 Transferee Company The Nilgiri Dairy Farm Private Limited Companies Act, 2013 U85110MH1970PTC265706 Registered Office and Legal Framework All four companies maintain their registered office at the same address: Knowledge House, Shyam Nagar, Off Jogeshwari Vikhroli Link Road, Jogeshwari (E), Mumbai - 400060, Maharashtra, India. This common registered office location suggests operational synergies that may be driving the proposed amalgamation. The scheme falls under the provisions of Sections 230-232 of the Companies Act, 2013, which govern arrangements and amalgamations. The legal proceedings are being handled by Ahmed Chunawala & Co., advocates for the petitioners, whose office is located at Commerce House, Nagindas Master Road, Mumbai. Hearing Process and Stakeholder Participation The tribunal has set February 7, 2026, as the date for hearing the amalgamation petition. Stakeholders wishing to support or oppose the petition must provide notice to the petitioner's advocates at least two days before the hearing date. Hearing Details Information Hearing Date February 7, 2026 Petition Admission Date January 7, 2026 Notice Requirement Two days before hearing Legal Representatives Ahmed Chunawala & Co. Interested parties can obtain copies of the petition from the petitioner's advocates upon payment of prescribed charges. The notice was dated January 22, 2026, providing stakeholders with adequate time to review the proposal and prepare their positions. Legal Compliance and Documentation The petition follows the standard legal framework for corporate amalgamations in India. The scheme requires approval from the NCLT under the Companies Act, 2013, ensuring that the interests of shareholders, creditors, and other stakeholders are protected throughout the process. The amalgamation represents a consolidation within what appears to be a group of related companies operating in the food and beverages sector, given their business activities suggested by their corporate names and the common registered office address. We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better. Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. 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