Clarification5 Aug 2026, 12:29 pm
Syschem India Clarifies Lapse of 31.97 Lakh Warrants
AI Summary
Syschem India Ltd has issued a clarification regarding the lapse of 31,97,500 convertible warrants. These warrants, part of a larger allotment of 1,67,00,000 on February 4, 2025, expired due to non-exercise by holders within the 18-month period. The upfront subscription amount for these lapsed warrants has been forfeited as per terms. The company confirmed that the remaining warrants, including those held by promoters, were duly exercised and converted into equity shares. This clarification aims to prevent ambiguity and provide complete information to stakeholders.
Key Highlights
- 31,97,500 convertible warrants lapsed due to non-exercise.
- Upfront subscription for lapsed warrants forfeited.
- Remaining warrants, including promoter holdings, were converted.
- Clarification issued to avoid ambiguity for stakeholders.
Price Impact
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