The Exchange has received the disclosure under Regulation 10(5) in respect of acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....
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Syschem (India) Limited has informed the exchange about an inter se transfer of 6,50,000 shares (1.49% of share capital) among its promoter group members. The acquirers are Mehul Khokhani, Dinesh Khokhani, and Virendra Shah, who are buying shares from Mrs. Ruchika Jain at Rs. 53 per share. The 60-day volume-weighted average market price was Rs. 52.03, meaning the acquisition price is within the SEBI-permitted 25% ceiling. As a result, Virendra Shah's holding rises from 10.43% to 11.18%, Mehul Khokhani's from 7.01% to 7.70%, and Dinesh Khokhani's from 7.59% to 7.64%, while Ruchika Jain's stake drops from 2.96% to 1.47%. The rationale given is inter se transfer among the promoter and promoter group, which exempts this deal from the open offer requirement under Regulation 10(1)(a)(i).
This is a routine reshuffling within the promoter family rather than a fresh market purchase, so it has no material impact on overall promoter control or share price. Net promoter group shareholding remains unchanged, though individual holdings within the group have been rebalanced.