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 fixed June 5, 2026, as the record date to determine shareholder eligibility for its upcoming postal ballot. The company seeks member consent to transact specific business through a remote e-voting facility, with the process commencing on June 13, 2026. The electronic copy of the postal ballot notice will be sent via email to members whose addresses are registered with the company or depository participants as on the cut-off date.

The remote e-voting period is scheduled to begin at 09:00 a.m. IST on Saturday, June 13, 2026, and conclude at 05:00 p.m. IST on Sunday, July 12, 2026. Shareholders holding shares in physical form who have not registered their email addresses must submit specific documents to the company's Registrar and Transfer Agent (RTA), M/s Beetal Financial & Computer Services Pvt. Ltd., to obtain the notice and login details. Those holding shares in demat form may update their email addresses with their depository participants.

Members already registered with CDSL for e-voting can use their existing user ID and password. The facility to reset passwords using the 'Forgot User Details/Password' option is available on the e-voting portal. The postal ballot notice and detailed instructions regarding the voting process will be available on the company's website, the BSE Limited website, and the CDSL website.

Mrs. Shikha Kataria, Company Secretary of Syschem (India) Limited, is the contact point for queries regarding the e-voting process. Shareholders may also refer to the FAQs and e-voting manual available on the service provider's website for assistance. The business to be transacted will be detailed in the notice dispatched to members.

Postal Ballot Schedule