Syschem India Ltd — Updates, 14-04-2025: Company Update

Syschem (India) Limited has announced a board meeting to report that there is no deviation in the use of proceeds from the preferential issue amounting to ₹33.87 crore for the quarter ended 31 March 2025. The Audit Committee reviewed and confirmed that the funds were allocated as intended, including repayments and working capital needs. This clarity on fund utilization reinforces operational transparency and financial discipline, potentially fostering investor confidence. The absence of deviations positions the company favorably, offering a positive outlook regarding governance and strategic fund management.