Ceinsys Tech Limited has informed the Exchange about General Updates - Submission of Certificate from Statutory Auditors in terms of Regulation 169(5) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 ( ICDR Regulations ).
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Ceinsys Tech Limited has submitted a certificate from its statutory auditors (Chaturvedi & Shah LLP) confirming that the company has received the remaining 75% cash consideration from allottees of convertible share warrants issued on a preferential basis on September 20, 2024. A total of Rs. 130.03 crore has been received against 30,96,515 warrants at an issue price of Rs. 559.90 per warrant. The four allottees are Rare CP Fund I LP (Rs. 62.53 crore for 14,89,086 warrants), Mr. Sagar Dattatraya Meghe (Rs. 30 crore for 7,14,413 warrants), Mrs. Devika Sagar Meghe (Rs. 30 crore for 7,14,413 warrants), and Mr. Raghav Sameer Meghe (Rs. 7.5 crore for 1,78,603 warrants). An overpayment of Rs. 1.78 crore from Rare CP Fund I LP will be refunded after deducting bank charges. With full payment received, the warrants are now eligible for conversion into equity shares of Rs. 10 face value.
This is a routine regulatory compliance filing that completes the fund-raising process tied to the September 2024 warrant issuance, bringing approximately Rs. 130 crore into the company. Once the warrants are converted, the equity share base will expand by around 30.96 lakh shares, causing dilution for existing shareholders, though the Meghe promoter family's receipt of warrants signals continued insider confidence.