The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Virendra Popatlal Shah & Others
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Awaiting price reaction for this filing.
Syschem India Ltd's promoter group members — Dinesh Jagdishchandra Khokhani, Mehul Jagdishchandra Khokhani, and Virendra Popatlal Shah — carried out an inter-se transfer of shares on 24-02-2026, disclosed under SEBI SAST Regulation 29(2). A total of 6,50,000 equity shares (1.49% of paid-up capital) were involved in the transaction. The combined promoter group holding increased from 25.03% (1,08,89,743 shares) to 26.52% (1,15,39,743 shares), indicating that besides reshuffling, additional shares were also brought into the promoter group. No encumbrance or pledge activity is reported. The shares are listed only on BSE.
This is largely a promoter group reshuffling with a small incremental increase of about 1.49 percentage points in overall promoter stake. It signals mild promoter consolidation/confidence but is unlikely to materially move the stock price.