The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Virendra Popatlal Shah & Others
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Syschem India Ltd has reported an inter-se transfer of 6,50,000 shares (1.49% of diluted share capital) among members of the promoter group, executed on 24th February 2026 at Rs. 53 per share. The seller is Mrs. Ruchika Jain, whose holding reduced from 2.96% (12,90,000 shares) to 1.47% (6,40,000 shares). The acquirers are Mehul Jagdishchandra Khokhani, Dinesh Jagdishchandra Khokhani, and Virendra Popatlal Shah, all promoters. Post-transaction, Virendra Popatlal Shah's stake rose from 10.43% to 11.18%, Mehul Khokhani's from 7.01% to 7.70%, while Dinesh Khokhani's remained nearly flat at 7.64%. Prior disclosure under Regulation 10(5) was filed on 13th February 2026, and the transaction is exempt from the open offer requirement as it is an internal promoter group reshuffle.
This is a routine internal reshuffle within the promoter group and not a market-driven change in ownership, so it is unlikely to have a material impact on the stock price. The shift slightly consolidates holdings among three named promoter individuals, with Virendra Popatlal Shah now crossing the 11% mark.