Announced Wed, 5 Aug · 12:28 IST
Clarification on lapse of 31.97 lakh convertible warrants
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.6%1-day move
₹34.18
prior close
₹34.00
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.5+0.0+0.0-0.6-0.6-5.4-6.8-9.3-10.6-7.1-6.9-6.4——
Up moveDown movePending
AI summary
Syschem India had allotted 1.67 crore convertible warrants on 04 Feb 2025 on a preferential basis. Of these, 31.97 lakh warrants were not exercised by holders within the 18-month period and have lapsed, with the upfront subscription amount forfeited. The remaining about 1.35 crore warrants were duly exercised and converted into equity shares, including those held by the Promoter group. This is a clarification to the earlier disclosure dated 04 Aug 2026.
Likely market impact
Slightly negative; about 19 percent of warrants lapsed and upfront money forfeited, but majority of warrants were converted to equity.