Syschem (India) Limited has resolved its dispute with M/S Lotus Builders by entering into a settlement agreement dated June 4, 2026. The agreement concludes the proceedings pending before the National Company Law Tribunal (NCLT), Chandigarh, which were initiated regarding a dishonoured cheque issued by Syschem. The settlement involves a financial outlay of ₹1.25 crore, which will cover all disputes, claims, and counterclaims between the parties.

The dispute originated from the dishonour of a cheque issued by Syschem to Lotus Builders towards payment obligations. Following the amicable resolution, the company stated that there is no material adverse impact on its operations, other than the financial implications of the settlement amount. The payment of ₹1.25,00,000 constitutes the full and final settlement of the matter.

Terms of the Settlement

The agreement outlines that the parties have agreed to settle all claims arising from the NCLT proceedings. The key terms and details of the settlement are summarised below:

Next Steps

Consequent upon the execution of the settlement agreement, Syschem and Lotus Builders will take the necessary steps to withdraw or dispose of the proceedings before the NCLT Chandigarh bench. The company stated that it would file appropriate applications and documents before the tribunal once the full and final payment is completed. The disclosure was submitted to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Syschem (India) Limited has reported its audited financial results for the quarter and year ended March 31, 2026. The company’s net profit for the fiscal year rose to ₹1,092.90 lakh, compared to ₹46.01 lakh in the previous year. Revenue from operations for the year stood at ₹65,462.60 lakh, a substantial increase from ₹38,623.10 lakh in FY25.

For the quarter ended March 31, 2026, the company recorded a net profit of ₹174.28 lakh. Revenue from operations for the quarter was ₹24,830.20 lakh, while total income from operations reached ₹24,830.56 lakh. Total expenses for the quarter were reported at ₹24,270.44 lakh.

Financial Performance

The company’s financial statements show a strong improvement in profitability across both the quarterly and annual periods. The basic and diluted earnings per share (EPS) for the year ended March 31, 2026, were reported at ₹2.50 and ₹1.93 respectively. In comparison, the EPS for the previous year was ₹0.115 and ₹0.109.

The following table summarizes the key financial metrics for the quarter and year ended March 31, 2026:

Board Decisions

During the Board meeting held on May 25, 2026, the directors approved the audited financial results. Additionally, the Board approved the appointment of Mr. Anoop Kumar as the Internal Auditor of the company for the financial year 2026-27, based on the recommendation of the Audit Committee.

The Board also appointed M/s CL Bansal & Associates as the Cost Auditors for the financial year 2026-27, subject to the ratification of remuneration by shareholders, if applicable. The statutory auditors issued an unmodified opinion on the audited financial results for the year ended March 31, 2026.