In this brief communication, we investigate the cospectral as well integral chain graphs for Seidel matrix, a key component to study the structural properties of equiangular lines in space. We derive a formula that allows to generate an infinite number of inequivalent chain graphs with identical spectrum. In addition, we obtain a family of Seidel integral chain graphs. This contrapositively answers a problem posed by Greaves ["Equiangular line systems and switching classes containing regular graphs", Linear Algebra Appl., (2018)] ("Does every Seidel matrix with precisely three distinct rational eigenvalues contain a regular graph in its switching class?"). Our observation is- "no".