Shyam was caught in the lead by International Masters Nitin Senthilvel and T U Navin Kanna along with B Kumaran, S Ganesh Babu and M Eashwar (all from Tamil Nadu) respectively.
Nine other players remained half a point behind the leaders at including International Master VAV Rajesh.
Two rounds are still to go in this nine-round Swiss event.
Results after round 7: Kumaran B (5.5) drew with Ganesh Babu S (5.5), Shyam Nikil P (5.5) drew with Rajesh VAV (5.5), Hemant Sharma (5) drew with Nitin Senthilvel (5.5), Bavankumar (4.5) lost to Navin Kanna T U (5.5), Krishna Teja N (5) drew with Pranav Vijay (5), Dahale Atul (4.5) lost to Eashwar M (5.5).