Disclosure under Regulation 32 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 - Monitoring Agency Report for the quarter ended June 30, 2025.
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Ceinsys Tech has submitted the Monitoring Agency Report from CARE Ratings for the quarter ended June 30, 2025, covering its Preferential Issue of equity shares and convertible warrants worth Rs. 235.06 crore (originally offered at Rs. 243.40 crore, but undersubscribed after one allottee did not participate). The company allotted 11,01,749 equity shares at Rs. 559.90 each and 30,96,515 warrants. Of the Rs. 105.03 crore actually received (in tranches during September 2024), Rs. 105 crore remains unutilized and is parked in SBI Fixed Deposits earning 5.25%–6.60%. No utilization happened during Q1FY26, except Rs. 0.011 crore for working capital. The balance 75% of warrant money (Rs. 130.03 crore) is yet to be received within 18 months of allotment.
For shareholders, the key takeaway is that nearly all the funds raised are sitting idle in bank FDs, with no deployment yet into the stated purposes of overseas acquisitions, business expansion, or working capital. This delays the growth benefits the issue was meant to fund, though FDs provide a small interim return. Investors may want to track progress on the strategic overseas acquisition plan, as undersubscription and slow deployment could weigh on the stock sentiment.