Syschem India Promoters Acquire 6.50 Lakh Shares Through Inter-se Transfer
Syschem India Limited's promoter group completed an inter-se share transfer acquiring 6.50 lakh shares from Mrs. Ruchika Jain on February 24, 2026. The transaction increased the promoter group's collective holding from 25.03% to 26.52% of total share capital, while reducing Mrs. Jain's stake from 2.96% to 1.47%. The regulatory disclosure was filed under SEBI SAST Regulations with BSE Limited.
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Syschem India Limited's promoter group has completed an inter-se acquisition of shares, with three promoter group members collectively acquiring 6.50 lakh shares on February 24, 2026. The transaction was disclosed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Transaction Details
The inter-se transfer involved three promoter group members acquiring shares from Mrs. Ruchika Jain at Rs. 53.00 per share. The regulatory filing was submitted by Ruchika Jain on behalf of all parties involved:
| Acquirer: | Shares Acquired | Percentage of Total Capital | Percentage of Diluted Capital |
|---|---|---|---|
| Dinesh Jagdishchandra Khokhani | 22,642 | 0.05% | 0.04% |
| Mehul Jagdishchandra Khokhani | 3,02,358 | 0.69% | 0.53% |
| Virendra Popatil Shah | 3,25,000 | 0.75% | 0.57% |
| Total | 6,50,000 | 1.49% | 1.14% |
Seller's Holdings Impact
According to the official disclosure, Mrs. Ruchika Jain's shareholding was significantly reduced through this inter-se transfer:
| Parameter: | Before Transaction | After Transaction |
|---|---|---|
| Shares Held: | 12,90,000 | 6,40,000 |
| Percentage of Total Capital: | 2.96% | 1.47% |
| Percentage of Diluted Capital: | 2.28% | 1.13% |
Pre and Post-Transaction Holdings
Before the acquisition, the three promoters held a combined 1,08,89,743 shares representing 25.03% of the total share capital. Following the inter-se transfer, their collective holding increased to 1,15,39,743 shares, representing 26.52% of the total share capital:
| Promoter: | Post-Transaction Holding | Percentage |
|---|---|---|
| Dinesh Jagdishchandra Khokhani | 33,25,967 | 7.64% |
| Mehul Jagdishchandra Khokhani | 33,50,968 | 7.70% |
| Virendra Popatil Shah | 48,62,808 | 11.18% |
Regulatory Compliance
The disclosure was submitted to BSE Limited on February 25, 2026, in compliance with SEBI regulations governing substantial acquisition of shares. The transaction represents an internal restructuring within the promoter group through inter-se transfer mechanism. The company's equity share capital remains unchanged at Rs. 43,51,30,000 divided into 4,35,13,000 equity shares of Rs. 10.00 each, with total diluted share capital standing at Rs. 56,56,30,000 divided into 5,65,63,000 equity shares of Rs. 10.00 each.
Historical Stock Returns for Syschem
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.16% | -0.75% | +9.14% | -9.72% | +14.48% | +552.46% |
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