StockWatch
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Pharmaceuticals
ESOP22 Jun 2026, 02:50 pm

Syschem India Allots 2.5 Lakh Equity Shares Under ESOP

AI Summary

Syschem India Ltd announced the outcome of its Board Meeting held on June 22, 2026. The board approved the allotment of 2,50,000 equity shares of face value ₹10 each, pursuant to the exercise of vested stock options by eligible employees under the company's ESOP Scheme. The total funds received from this allotment amount to ₹25,00,000. Consequently, the company's issued, subscribed, and paid-up equity share capital has increased to ₹49,26,30,000, divided into 4,92,63,000 equity shares. These new shares rank pari passu with the existing equity shares.

Key Highlights

  • Board approved allotment of 2,50,000 equity shares under ESOP.
  • Total funds raised from ESOP exercise: ₹25,00,000.
  • Post-allotment paid-up capital increased to ₹49,26,30,000.
  • New shares rank pari passu with existing equity shares.
  • Allotment is for eligible employees under the ESOP Scheme 2024.