BSECompany Update3d ago · 16 Oct 2026, 01:25 pm
Pursuant to regulation 30 of SEBI(Listing Obligations and Disclosure requirement) 2015, the update in respect to the settlement agreement , in respect to previous intimation on the same.
Syschem India Ltd · 531173
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Syschem India Ltd has paid the full and final settlement amount of Rs. 1,25,00,000 to Lotus Builders as per the settlement agreement. The company will initiate necessary proceedings and file applications before the NCLT for withdrawal of the pending matter.
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Syschem India Ltd - 531173 - Announcement Under Regulation 30: Update In Response To Settlement Agreement Entered Between Lotous Builder V.S Syschem(India) Limited
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SYSCHEM SYSCHEM (INDIA) LIMITED
Regd. Off.: Village BARGODAM, Tehsil Kalka, Distt.
Panchkula (Haryana) Tel.N0.:0172-5070472; CIN:
L24219HR1993PLC032195,
Website: www.syschem.in; Email: info@syschem.in
Date: 16t October, 2026
The Gen Manager
Corporate Relationship Dept.
BSE Limited
PJ Tower, Dalal Street,
Mumbai- 400 001
Equity Scrip Code: 531173
Kind Att: Head —Listing Department
Subject: Update on Earlier Disclosure dated 4™ June, 2026 regarding settlement agreement between Lotus
Builders V.s Syschem (India) Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure
Regquirements) Regulations, 2015
Ref.: Our earlier intimations dated February 26, 2024 (Ref. No. SIL/2023-24/78) and June 4, 2026.
With reference to the above-mentioned intimations regarding the settlement agreement entered into
between M/s Lotus Builders and Syschem (India) Limited, we wish to inform you that the Company has paid
the full and final settlement amount of %1,25,00,000/- (Rupees One Crore Twenty-Five Lakhs Only) in
accordance with the terms of the settlement agreement.
Consequent upon the aforesaid payment, the Company shall initiate the necessary proceedings and file the
appropriate applications/documents before the Hon’ble National Company Law Tribunal (NCLT) for
withdrawal/disposal of the pending matter, in accordance with the applicable procedure.
The Company shall keep the Stock Exchange informed of any further developments and shall make the
necessary disclosure upon the passing of the appropriate order by the Hon’ble NCLT disposing of the matter.
The details required under Regulation 30 of the SEBI (LODR) Regulations, 2015 read with SEBI Circular No.
SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 are enclosed as Annexure A.
Kindly take the above information on records.
Thanking you,
Yours faithfully,
For Syschem (India) Limited
Sunind oigtaysgnes
oy Suninder
erVeer iy,
Surkgheyer Singh
Managing Director
DIN: 07693557
SYSCHEM SYSCHEM (INDIA) LIMITED
Regd. Off.: Village BARGODAM, Tehsil Kalka, Distt.
Panchkula (Haryana) Tel.N0.:0172-5070472; CIN:
L24219HR1993PLC032195,
Website: www.syschem.in; Email: info@syschem.in
Annexure -A
S.NO Particulars Details
1 Name of the Parties
M/S Lotus Builders and Syschem
(India) Limited
2 Brief details of dispute Matter related to settlement
agreement entered into between
M/S Lotus Builders and Syschem
(India) Limited, as previously
intimated to the Stock Exchange.
3 Current status of the case The Company has Paid the full and
final settlement amount of Rs.
1,25,00,000/- (Rupees one Crores
Twenty-Five Lakhs Only)
4 Next Status Filing of appropriate applications
before the Hon’ble NCLT for
withdrawal of the pending matter.
5 Expected financial implications Settlement amount of
%1,25,00,000/- paid in full and final
settlement, in accordance with the
settlement agreement.
6 Further updates The Company shall intimate the
Stock Exchange upon further
developments, including the
passing of the appropriate order
by the Hon’ble NCLT.
Suninde oigtaly sned
by Sundervs
rVeer snoh
Dee20zs 1016
Singh s