Syschem (India) Limited has reported a major cyber fraud incident resulting in unauthorized transfer of ₹1.96 crore to fraudulent accounts. The company disclosed this information to BSE Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, highlighting the growing threat of cyber fraud targeting corporate entities.

Fraud Details and Timeline

The cyber fraud occurred through WhatsApp impersonation, a increasingly common method used by fraudsters to deceive companies into transferring funds. The incident was both detected and occurred on April 15, 2026, indicating swift identification of the fraudulent activity.

Immediate Response and Actions Taken

Upon detection of the fraudulent transfer, Syschem India Limited initiated immediate corrective measures to limit further damage and begin recovery efforts. The company has taken several steps to address the incident:

• Filed formal complaint with cybercrime authorities and police
• Initiated comprehensive review of internal controls and systems
• Implemented measures to strengthen existing security protocols
• Exploring all available recovery options and legal remedies

Financial Impact Assessment

The company has assessed the financial implications of this cyber fraud incident. Despite the substantial amount involved, management maintains a measured outlook on the overall business impact.

Regulatory Compliance and Transparency

Syschem India Limited has demonstrated prompt regulatory compliance by disclosing the incident under SEBI regulations. The company has committed to maintaining transparency with stock exchanges regarding any material developments in this matter. This disclosure reflects the company's adherence to corporate governance standards and regulatory requirements for timely reporting of significant events that could impact stakeholders.

Syschem (India) Limited has announced the opening of a special window for shareholders to re-lodge transfer requests for physical shares, following regulatory guidelines aimed at protecting investor interests and facilitating seamless share transfers.

Regulatory Framework and Timeline

The special window has been established pursuant to SEBI Circular No. HO/38/11(2)/2026-MIRSD-POD/1/3750/2026 dated February 05, 2026. This initiative provides shareholders with a one-year window from February 05, 2026 to February 04, 2027 to re-lodge their transfer requests.

Eligible Transfer Requests

The facility is specifically available for transfer deeds that were lodged prior to April 1, 2019 and were subsequently rejected or returned due to deficiencies in documentation, procedural issues, or other reasons. Shareholders who missed earlier deadlines are encouraged to take advantage of this opportunity.

Company Communication and Awareness

Syschem has published advertisements in newspapers to create awareness among investors about the special window. The company's communication, dated April 13, 2026, was formally submitted to BSE Limited through their General Manager, Department of Corporate Services, with script code 531173.

Process and Documentation

Shareholders seeking to utilize this facility must furnish necessary documents to the company's Registrar and Transfer Agent, Beetal Financial & Computer Services Pvt. Ltd., located at 99, Madangir, Behind LSC, New Delhi - 110062.

Regulatory Compliance

The initiative aligns with SEBI's broader objective to facilitate ease of investing for investors and safeguard their rights in respect of securities purchased by them. Company Secretary and Compliance Officer Shikha Kataria (M.no: 57304) has digitally signed the communication, ensuring proper regulatory compliance and documentation.