Syschem (India) Limited announced a private placemat of 1,350,000 convertible warrants on December 12, 2022. 25% of the allotment price will be paid by the allottees in to the Bank Account at the time of subscription. Further the holder of 13,50,000 convertible warrants have paid the balance 75% of the consideration and exercised their right of conversion.

The transaction will include participation from Ranjan Jain. The transaction has been approved by the board of directors of the company.