Syschem India Allots 43.5 Lakh Shares Post Warrant Conversion

Syschem India Ltd announced the outcome of its Board Meeting, wherein it approved the allotment of 43,52,500 equity shares following the conversion of an equal number of warrants. These shares were issued at a price of ₹49 each, including a premium of ₹39, 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 from ₹49,26,30,000 to ₹53,61,55,000, comprising 5,36,15,500 equity shares of ₹10 each. The newly allotted shares will rank pari-passu with the existing equity shares.