Promoter Sells Shares of Syschem India Ltd in Open Market; Holding Stands Above 5%
Ranjan Jain, identified as a Promoter and Director of Syschem India Ltd, sold shares in the open market on June 24, 2026. The transaction resulted in a slight reduction of his stake while maintaining significant ownership in the company, according to details disclosed regarding the sale of shares by the Promoter.The shares were transacted via Open Market purchase/sale. As per the filings, the promoter sold 15,000 shares during this process. This sale represented 0.03% concerning both the total share and voting capital of Syschem India Ltd.
Prior to the open market sale, Ranjan Jain held 25,24,730 shares, which amounted to 5.13% (w.r.t. total share) or 4.38% (w.r.t. total diluted capital). Following the disposal of 15,000 shares, his holding stood at 25,09,730 shares, corresponding to a stake of 5.09% in terms of total share and 4.35% concerning total diluted capital.
The transaction details provided transparency regarding the company's financial structure both before and after the sale. Before the acquisition or sale, Syschem India Ltd reported an equity share capital of Rs.4,92,63,000/- divided into 49,26,30,000 equity shares of Rs. 10/- each.
Post-sale data indicated that the total diluted share/voting capital of Syschem India Ltd amounted to Rs.57,56,30,000/- which was structured into 5,75,63,000 equity shares of Rs. 10/- each.
The transaction involved no change in Shares encumbered with the acquirer or Warrants/convertible securities held by Ranjan Jain.
Stock Price Movement
As of 11:44, Syschem India Ltd shares are edging lower at ₹42.50, representing a decline of 0.58%. The stock has been volatile during the session, trading between an intraday low of ₹42.47 and a high mark of ₹43.79.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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