Allotment of Equity shares after completion of vesting period under Syschem India Limited Employees stock option scheme_2024

Syschem India Ltd allotted 2,50,000 equity shares of ₹10 each to 9 eligible employees at par, following the exercise of vested stock options under its ESOP Scheme_2024. This action increased the company's issued, subscribed, and paid-up equity share capital from ₹49.01 crore to ₹49.26 crore. The allotment generated ₹25 lakh for the company. These new shares will rank pari passu with existing equity shares, fostering employee ownership and slightly enhancing the capital base.