Shareholders of Syschem (India) Limited have rejected the re-designation of Mr. Ranjan Jain and Mr. Suninder Veer Singh through a postal ballot process, ensuring their existing appointments remain in force until March 8, 2027. The Board, in a meeting held on July 17, 2026, noted the lack of shareholder approval for the resolutions regarding the appointment and remuneration of these directors. Consequently, the terms approved by shareholders on April 9, 2022, and the revised remuneration approved at an extraordinary general meeting on January 20, 2025, will continue to apply.

The postal ballot notice was dispatched to members on June 8, 2026, following a board meeting on June 3, 2026. Remote e-voting commenced on June 13, 2026, and concluded on July 12, 2026. Mr. Kanwaljit Singh, a Practicing Company Secretary, served as the Scrutinizer for the e-voting process, ensuring compliance with the Companies Act, 2013, and SEBI (LODR) Regulations, 2015.

Voting Results Summary

The scrutinizer's report detailed the voting pattern for the two special resolutions. A total of 82 members holding 4,278,970 shares participated in the e-voting process. While 69.33% of the valid votes were cast in favour of the resolutions, they failed to secure the required approval.

The rejection of these resolutions means the company will continue under the leadership structures established by the 2022 shareholder approvals. The Scrutinizer has retained the electronic records of the voting process until the minutes are approved and signed by the Chairman, after which they will be handed over to the Company Secretary for safekeeping.

Promoter Ranjan Jain has reduced his shareholding in Syschem (India) Ltd by selling 34,730 equity shares through open market transactions between June 29 and June 30, 2026. This sale was disclosed to the stock exchange in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Prior to this transaction, Jain held 25,09,730 shares, representing 5.09% of the company's total paid-up voting capital. The disposal of 34,730 shares has lowered his stake to 24,75,000 shares. Consequently, his ownership now stands at 5.02% of the total voting capital and 4.30% of the total diluted share capital.

The equity shares of Syschem (India) Ltd are listed on BSE Limited (BSE). The company's total paid-up equity share capital is Rs.4,92,63,000, divided into 4,92,63,000 equity shares of Rs.10 each. The total diluted share capital post-transaction is reported at Rs.57,56,30,000, comprising 5,75,63,000 equity shares of Rs.10 each.

The following table details the changes in Ranjan Jain's shareholding:

Ranjan Jain serves as a Promoter and Director of the company. The disclosure confirmed that no other shares were encumbered, and no warrants or convertible securities were held or transacted during this period.