SYSCHEM (INDIA) LTD.

Syschem (India) Limited has entered into a Settlement Agreement with M/S Lotus Builders to resolve a case filed before the National Company Law Tribunal (NCLT). The settlement, dated June 4, 2026, involves a payment of ₹1,25,00,000 (Rupees One Crore Twenty-Five Lakhs Only) as full and final settlement of all disputes, claims, and counterclaims. Following this agreement, both parties will take necessary steps to withdraw or dispose of the proceedings pending before the NCLT, Chandigarh bench. The company stated that this settlement will have no material adverse impact on its financials, operations, or other activities, except for the financial implications arising from the settlement amount.

Syschem India Ltd announced significant management changes following a Board of Directors meeting. Mr. Ranjan Jain has been appointed and re-designated as Whole-Time Director, and Mr. Suninder Veer Singh as Managing Director, both for a five-year term effective June 3, 2026. Both directors will receive a monthly remuneration of up to ₹7,00,000, subject to shareholder approval. The company also approved the notice for a postal ballot to seek shareholder consent for these appointments and remuneration, with the e-voting process scheduled from June 13 to July 12, 2026, and results to be declared on July 14, 2026. Mr. Kanwaljit Singh Thanewal has been appointed as the scrutinizer for the postal ballot.

Syschem India Ltd announced the outcome of its Board Meeting held on June 3, 2026. The board approved the appointment and re-designation of Mr. Ranjan Jain as Whole-Time Director and Mr. Suninder Veer Singh as Managing Director, both for a period of five years effective from June 3, 2026. Their monthly remuneration is capped at ₹7,00,000 each, subject to shareholder approval. The company also approved the notice for a postal ballot to seek shareholder consent for these appointments and remuneration, along with appointing a scrutinizer and fixing June 5, 2026, as the cut-off date for voting eligibility. The e-voting process is scheduled from June 13 to July 12, 2026, with results to be declared on July 14, 2026.

Syschem India Ltd's board meeting on May 25, 2026, approved the audited standalone financial results for the quarter and year ending March 31, 2026. The board also approved the appointment of Mr. Anoop Kumar as the Internal Auditor and M/s CL Bansal & Associates as the Cost Auditors for the financial year 2026-27. The meeting commenced at 11:00 A.M. and concluded at 4:30 P.M.

Syschem India Ltd's board meeting on May 25, 2026, approved the audited financial results (standalone) for the quarter and year ended March 31, 2026. The board also approved the appointment of Mr. Anoop Kumar as the Internal Auditor and M/s CL Bansal & Associates as the Cost Auditors for the financial year 2026-27. The Statutory Auditors issued an unmodified opinion on the financial results.

Syschem India Ltd has announced that its Board of Directors will convene on May 25, 2026, at 11:00 A.M. The primary agenda includes considering and approving the Audited Financial Results for the quarter and financial year ended March 31, 2026. Additionally, the Board will consider the appointment of an Internal Auditor for the financial year 2026-27. In accordance with the company's insider trading code, the trading window for designated persons and their immediate relatives will remain closed.

Syschem India Ltd reported a fraudulent transfer of ₹1.96 crore on April 15, 2026. The incident involved cyber fraud through WhatsApp impersonation, leading to funds being transferred to unauthorized accounts. Upon detection, the company immediately lodged a formal complaint with cybercrime authorities. Syschem is also reviewing and strengthening its internal controls and systems to prevent recurrence, while exploring recovery options and legal remedies. The management estimates the financial impact at ₹1.96 crore but believes this incident is not expected to materially impact the company's operations.

Syschem India Ltd has announced the closure of its trading window for the quarter ending 31st March, 2026, in compliance with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 and SEBI (Prohibition of Insider Trading) (Amendment) Regulations, 2018. The trading window will remain closed for Directors, officers, Designated Persons, and their immediate relatives from Wednesday, 1st April, 2026, until 48 hours after the announcement of the audited financial results for the quarter and year ended on 31st March, 2026. The date of the Board of Directors' meeting to approve the audited financial results will be intimated in due course.

Virendra Popatlal Shah and other members of the promoter group have acquired shares worth INR 43.51 crores in Syschem India Ltd through a preferential issue. The acquisition took place from 13.03.2026 to 19.03.2026. The total equity share capital of the company has increased from Rs. 490130000 crores to Rs. 565630000/- divided into 56563000 equity shares of Rs. 10/- each.

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.