Syschem India Ltd. Converts 55 Lakhs Warrants into Equity Shares

Syschem India Ltd. has converted 55,00,000 warrants into an equal number of equity shares at an issue price of Rs. 49/- each, including a premium of Rs. 39/- each. The allotment was made to the Promoter and Promoter group on a preferential basis upon receipt of 75% of the issue price per warrant. The new equity shares, amounting to Rs. 20,21,25,000, will rank pari-passu with the existing equity shares of the Company.