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Company Filings, Explained Simply

AI-powered plain-English analysis of every important corporate announcement — financial results, order wins, dividends, mergers and more. Updated live.

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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Syschem India Ltd
Syschem India: No Deviation in Preferential Issue Fund Utilization for Q2 FY27
REGULATORY ● No Immediate Change LOW RISK
📅 Filed on BSE: 16 Oct 2026, 12:20 PM IST  ·  BSE ID: 28804891-df3d-4be6-8003-84ae0253dd7a
View Original BSE Filing (PDF)
💡
In Simple Terms
The company confirmed that money raised from selling new shares was used exactly as planned, with no unexpected changes.
🤖 AI Summary
  • Syschem India confirms no deviation in preferential issue fund use for Q2 FY27.
  • Total funds raised via preferential issue: Rs.159,954,375/- on July 7, 2026.
  • Audit Committee reviewed and approved fund utilization report for the period.
  • Funds allocated for security deposit, capex, working capital, and corporate purposes.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Amount Raised
Rs.159,954,375/-
Original Allocation for Repayment of Security Deposit
2435.00 Lakhs
Original Allocation for Meet Capex Requirement
500.00 Lakhs
Original Allocation for Meet working capital requirement
5000.00 Lakhs
Original Allocation for General Corporate Purpose
248.00 Lakhs
Funds Utilized for the quarter
1599.54 Lakhs
🏢 How This Affects the Company
💰
Financial Impact
The statement confirms adherence to the planned use of funds from a recent preferential issue, providing clarity on financial execution.
⚠️
Risk Impact
Confirms adherence to stated objectives, mitigating risks associated with misuse of raised capital.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders.
👤
Who Is Affected
All shareholders are informed of the company's adherence to its stated financial plans regarding the preferential issue funds.
🔍
Management Signal
The filing signals management's commitment to transparency and compliance with SEBI regulations concerning fund utilization.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Next quarter's deviation statement for fund utilization.
Future announcements regarding capital expenditure plans.
Working capital management updates from the company.
LOW RISK Filing confirms regulatory compliance and adherence to stated fund utilization plans.
💡 Investor Takeaway
Syschem India reported no deviation in the use of Rs.159,954,375/- preferential issue proceeds for the quarter ended September 30, 2026, as reviewed by the Audit Committee.
⚖️ Strengths & Concerns

✅ Positives

  • Audit Committee reviewed and confirmed no deviation in the utilization of Rs.159,954,375/- raised via preferential issue.
  • Funds were utilized as prescribed in the Notice of Shareholders Meeting dated December 24, 2024.
📅 Company Track Record
Syschem India has previously disclosed information regarding recovery of funds following a court order and settlement of an NCLT case. The company also reported a cyber fraud loss in April 2026.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
Did Syschem India deviate from its preferential issue fund usage in Q2 FY27?
No, Syschem India confirmed there is no deviation or variation in the use of proceeds from its preferential issue for the quarter ended September 30, 2026.
What was the total amount raised by Syschem India via preferential issue?
Syschem India raised Rs.159,954,375/- through a preferential issue on July 7, 2026.
Which purposes were the funds from the preferential issue allocated for?
Funds were allocated for repayment of security deposit (Rs. 2435.00 Lakhs), Capex requirement (Rs. 500.00 Lakhs), working capital (Rs. 5000.00 Lakhs), and general corporate purposes (Rs. 248.00 Lakhs).
Was the fund utilization report reviewed by Syschem India's Audit Committee?
Yes, the statement of deviation or variation was duly reviewed by the Audit Committee, which concluded that funds were infused as prescribed.

Questions based on this BSE filing only. For information purposes.

⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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