Pursuant to regulation 30: Change in Designation of Directors due to change in role and responsibility.
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Syschem India's board, at its meeting on 3 June 2026, approved swapping the roles of two promoter-group directors. Mr. Ranjan Jain, previously Managing Director, has been re-designated as Whole-Time Director, while Mr. Suninder Veer Singh, previously Whole-Time Director, has been re-designated as Managing Director. Both appointments are for a period of 5 years from 3 June 2026, subject to shareholder approval via Postal Ballot. Each director will receive a remuneration of up to Rs. 7,00,000 per month. Mr. Ranjan Jain has been with the company since 2011 with experience in finance and operations, while Mr. Suninder Veer Singh, with the company since 2016, brings expertise in marketing and business development. The Postal Ballot e-voting will run from 13 June 2026 to 12 July 2026, with results expected on 14 July 2026.
This is an internal management reshuffle among existing promoter-group directors with no change in ultimate control. For shareholders, it is largely procedural and governance-neutral, though the move may signal a strategic shift in leadership focus — with operations/finance expertise being moved into the Whole-Time Director role and marketing/business development taking the top Managing Director seat.