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Syschem (India) Limited's Board has approved the allotment of 55 lakh equity shares following the conversion of an equal number of warrants. These shares, issued at Rs. 49 each (including a Rs. 39 premium), were allotted to the Promoter and Promoter group. The company received Rs. 20.21 Cr as the balance payment for these warrants. This conversion increases the company's issued and paid-up capital to Rs. 49.01 Cr, comprising 4.90 Cr equity shares. This move strengthens the promoter's stake and the company's equity base.