Syschem India Ltd. Converts Warrants to Equity Shares; Total Capital Reaches Rs 53 Crore Lakh Fifty Five Thousand
Syschem India Ltd. announced that its Board of Directors approved the allotment of equity shares resulting from the conversion of warrants during a meeting held on July 07, 2026. This move expanded the company's issued and paid-up capital structure.The Company allotted a total of 43,52,500 equity shares to members belonging to the Promoter and Promoter group. The allotment was carried out on a preferential basis upon the exercise of their rights to convert warrants into equity shares. The issue price for both the warrants and the resulting equity shares was set at Rs 49/- each, including a premium of Rs 39/- each.
The transaction generated receipts aggregating to Rs 159,954,375/-, which was received from the allottees.
This conversion significantly increased Syschem India Ltd.'s financial capitalization. The issued and paid-up capital prior to this event stood at Rs 49,26,30,000, comprising 49,26,300 equity shares of Rs 10/- each. Following the allotment, the total paid-up capital stands increased to Rs 53,61,55,000, consisting of 53,61,5500 equity shares of Rs 10/- each.
The newly allotted equity shares are mandated to rank pari-passu with the Company's existing equity shares.
Details related to the allotment and conversion include:
| Particular | Value/Number |
|---|---|
| Warrants Converted | 43,52,500 |
| Equity Shares Allotted | 43,52,500 |
| Issue Price per Share | Rs 49/- |
| Capital Raised from Conversion | Rs 159,954,375/- |
| Previous Paid-up Capital | Rs 49,26,30,000 |
| Post-Conversion Paid-up Capital | Rs 53,61,55,000 |
The allotment included several Promoters and Promoter group members. Of the total shares allotted, 9,82,500 equity shares were granted to Virendra Popatlal Shah (Promoter), while 15,00,000 equity shares were issued to Kalpana Virendra Shah (Promoter Group).
In addition to the Promoter group allocation, the company's current shareholding structure shows a total of 49263000 shares in the Pre-preferential issue phase and 53615500 shares post-preferential issue.
Stock Price Movement
As of 14:21, shares of Syschem India Ltd are ticking up by 0.22%, currently trading at ₹41.00. The stock has moved intraday between a low of ₹40.91 and a high of ₹41.80.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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