Members' approval noted: Suninder Veer Singh is Managing Director; Ranjan Jain is Whole-Time Director

Syschem (India) Limited's Board met on 08.10.2026 and took note of the members' approval given at the 33rd AGM held on 30.09.2026.

Thu 8 Oct 2026

Board Meeting Date

08.10.2026

AGM Details

33rd AGM held on 30.09.2026

Statutory Auditor Appointment

M/s Bansal Vijay & Associates, Chartered Accountants, for a term of five consecutive years

What the Board noted

• Syschem (India) Limited held a Board meeting on Thursday, 08.10.2026.
• The Board took note of the approval accorded by the members at the 33rd Annual General Meeting held on 30.09.2026 on two designation changes and an auditor appointment.
• Mr. Suninder Veer Singh (DIN: 07693557): change in designation from Whole-Time Director to Managing Director of the Company.
• Mr. Ranjan Jain (DIN: 00635274): change in designation from Managing Director to Whole-Time Director of the Company.

The new Managing Director

• Consequent upon the approval of the members, the changes in designation have become effective.
• Mr. Suninder Veer Singh has assumed office as Managing Director and taken charge of the overall management and affairs of the Company.
• Upon taking charge, he apprised the Board of various functional areas of the Company and held discussions with the Board and senior management regarding the Company's ongoing business operations.
• The update describes him as associated with the Company as a Director, actively involved in the management, marketing and business affairs of the Company.
• Mr. Ranjan Jain has been associated with the Company since 2011 and has extensive experience in the management and affairs of the Company.

What the Managing Director discussed

• Measures for improving operational efficiency, strengthening sales and marketing, optimising production and capacity utilisation, controlling costs, improving product margins, strengthening customer relationships and exploring new business opportunities.
• The stated objective is achieving sustainable growth and enhancing the overall profitability of the Company.
• The Board advised the management to continue focusing on operational efficiencies, cost optimisation, capacity utilisation and profitable business opportunities for strengthening the Company's financial performance.

Statutory Auditors

• The Board took note of the appointment of M/s Bansal Vijay & Associates, Chartered Accountants (FRN: 014930N), as the Statutory Auditors of the Company for a term of five consecutive years, as approved by the members.
• The appointment is in place of the outgoing Statutory Auditor, who has resigned from the office of Statutory Auditor of the Company.
• The firm provides professional services in the areas of statutory audit, tax audit, accounting, taxation, assurance and other allied professional services.

Other details in the annexure

• Both directors are stated to be not related to each other.
• Both are stated not to be debarred from holding the office of Director by virtue of any order of SEBI or any other statutory authority.

How to read this update

• This is a Board meeting outcome in which the Board recorded decisions already approved by the members: a change in who holds the Managing Director role, a change in designation for another director, and a change of Statutory Auditor.
• The Board also reviewed matters relating to business operations, ongoing activities and the Company's upcoming business and operational plans, and consequential actions and changes were considered in view of the changes in management and statutory auditors.
• The management's stated focus areas and the Board's advice are directional; the update records the decisions and the discussion, not any financial outcome.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.