Syschem India Promoter Group Acquires 55 Lakh Shares Through Preferential Allotment

Syschem India Limited's promoter group has substantially increased its shareholding through a preferential allotment of 55 lakh equity shares completed between March 13-19, 2026. The acquisition was disclosed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Shareholding Enhancement Details

The promoter group, comprising nine entities led by Virendra Popatlal Shah, collectively acquired 55 lakh shares, representing 11.22% of the total share capital. This strategic acquisition increased their combined holding from 46.99% to 52.94% of the company's equity.

Acquirer	Shares Acquired	Individual %	Post-Acquisition Holding
Ms. Kalpana Virendra Shah	15,00,000	3.06%	15,00,000 shares
Virendra Popatlal Shah	5,80,000	1.18%	54,42,808 shares
Bhavesh Virendra Shah	6,00,000	1.22%	33,62,644 shares
Bimal Virendra Shah	5,80,000	1.18%	32,17,644 shares
Dinesh Jagdishchandra Khokhani	5,80,000	1.18%	39,05,967 shares
Mahesh J Khokhani	5,80,000	1.18%	40,88,579 shares
Mehul Jagdishchandra Khokhani	5,80,000	1.18%	39,30,968 shares
Ms. Meenal Bimal Shah	2,50,000	0.51%	2,50,000 shares
Ms. Gayatri Deepak Parekh	2,50,000	0.51%	2,50,000 shares

Capital Structure Expansion

The preferential issue resulted in a significant expansion of Syschem India's equity base. The company's share capital increased from ₹43.51 crore to ₹49.01 crore, with the total number of equity shares rising from 4.35 crore to 4.90 crore shares of ₹10 face value each.

Pre and Post-Acquisition Holdings

Before the acquisition, the promoter group held 2.04 crore shares, representing 46.99% of the total voting capital. Post-acquisition, their collective holding expanded to 2.59 crore shares, constituting 52.94% of the enlarged share capital.

Parameter	Before Acquisition	After Acquisition
Total Promoter Shares	2,04,48,610	2,59,48,610
Percentage Holding	46.99%	52.94%
Company Share Capital	₹43.51 crore	₹49.01 crore
Total Equity Shares	4.35 crore	4.90 crore

Regulatory Compliance

The disclosure was filed by Virendra Popatlal Shah on behalf of all acquirers on March 20, 2026, in compliance with SEBI regulations. The company's shares are listed on BSE Limited, and the acquisition was completed through a preferential allotment mechanism rather than open market purchases.

The transaction strengthens the promoter group's control over Syschem India Limited while providing additional capital to the company for its business operations and growth initiatives.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.40%	-0.87%	-8.05%	-20.68%	+21.61%	+488.67%

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.

Parameter:	Details
Issue Price per Share:	Rs. 49
Premium per Share:	Rs. 39
Balance Payment per Warrant:	Rs. 36.75
Total Amount Received:	Rs. 20,21,25,000
Number of Shares Allotted:	55,00,000

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.

Allottee Name:	Category	Shares Allotted	Amount Received (Rs.)
Virendra Popatlal Shah:	Promoter	5,80,000	2,13,15,000
Bhavesh Virendra Shah:	Promoter	6,00,000	2,20,50,000
Bimal Virendra Shah:	Promoter	5,80,000	2,13,15,000
Dinesh Jagdish Chandra Khokhani:	Promoter	5,80,000	2,13,15,000
Mahesh Jagdish Chandra Khokhani:	Promoter	5,80,000	2,13,15,000
Mehul Jagdish Chandra Khokhani:	Promoter	5,80,000	2,13,15,000
Kalpana Virendra Shah:	Promoter Group	15,00,000	5,51,25,000
Meenal Bimal Shah:	Promoter Group	2,50,000	91,87,500
Gayatri Deepak Parekh:	Promoter Group	2,50,000	91,87,500

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.

Category:	Pre-Allotment Shares	Pre-Allotment %	Post-Allotment Shares	Post-Allotment %
Promoters and Promoter Group:	2,43,31,110	55.92%	2,98,31,110	60.86%
Public:	1,91,81,890	44.08%	1,91,81,890	39.14%
Total:	4,35,13,000	100%	4,90,13,000	100%

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.