Syschem (India) Limited has successfully completed the conversion of 55,00,000 warrants into equity shares, marking a significant milestone in the company's capital restructuring initiative. The Board of Directors approved this conversion in their meeting held on March 13, 2026, which commenced at 10:30 A.M. and concluded at 1:20 P.M.

Warrant Conversion Details

The conversion involved 55,00,000 warrants being transformed into an equal number of equity shares through preferential allotment to promoters and promoter group members. The company received the balance amount aggregating to Rs. 20,21,25,000 from the allottees upon exercise of their conversion rights.

Allottee Distribution

The warrant conversion was distributed among nine allottees, all belonging to the promoter and promoter group categories. The largest individual allocation went to Kalpana Virendra Shah with 15,00,000 shares, while six promoters received 5,80,000 shares each.

Impact on Share Capital Structure

Following the warrant conversion, Syschem's issued and paid-up capital increased significantly to Rs. 49,01,30,000, consisting of 4,90,13,000 equity shares of Rs. 10 each. The newly allotted equity shares rank pari-passu with existing equity shares of the company.

Regulatory Compliance

The warrant conversion was executed in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. The conversion was completed within the prescribed 18-month period as mandated by SEBI ICDR Regulations. The transaction was conducted on a preferential basis with cash consideration, and the company has fulfilled all disclosure requirements under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Syschem India Limited has disclosed another share sale transaction by promoter and director Ranjan Jain under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The latest disclosure, submitted to BSE Limited on March 3, 2026, details an additional open market sale conducted between February 27 - March 2, 2026.

Recent Transaction Details

Following his earlier sale of 1,05,000 shares between February 24-26, 2026, Ranjan Jain has now sold an additional 30,000 equity shares of Syschem India Limited through open market transactions. This latest sale represents 0.069% of the company's total share capital and 0.053% of the total diluted share capital.

Updated Shareholding Position

The recent transaction has further reduced Jain's stake in the company. His shareholding has decreased from 26,85,000 shares to 26,55,000 shares, representing a decline from 6.17% to 6.10% of the total share capital.

Cumulative Impact of Recent Sales

Combining both transactions, Ranjan Jain has sold a total of 1,35,000 shares over the period from February 24 to March 2, 2026. His overall shareholding has reduced from the initial 27,90,000 shares (6.41%) to 26,55,000 shares (6.10%), representing a cumulative reduction of 0.31% in his stake.

Company Capital Structure

Syschem India Limited's equity share capital remains unchanged at ₹43.51 crores, divided into 4,35,13,000 equity shares of ₹10 each. The total diluted share capital stands at ₹56.56 crores, comprising 5,65,63,000 equity shares of ₹10 each.

Regulatory Compliance

The disclosure was made in compliance with Regulation 29(2) of SEBI (SAST) Regulations, 2011. Ranjan Jain, in his capacity as promoter and director, submitted the required documentation to BSE Limited, where the company's shares are listed under scrip code 531173. The transactions reflect continued portfolio management by the promoter group, with no encumbrances, voting rights transfers, or convertible securities involved in the sales.