Syschem India Allots 43.5 Lakh Equity Shares Post Warrant Conversion

Syschem India Ltd announced the allotment of 43,52,500 equity shares following the conversion of an equal number of warrants. The conversion was approved by the Board of Directors on July 7, 2026. These shares were issued at a price of ₹49 each, including a premium of ₹39, to persons belonging to the Promoter and Promoter group on a preferential basis. The company received ₹159,954,375 as the balance amount for this conversion. This allotment increases the company's issued and paid-up capital to ₹53,61,55,000, comprising 5,36,15,500 equity shares of ₹10 each. The newly issued shares will rank pari-passu with existing equity shares.