Disclosure under Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015- Statement of Deviation or Variation of funds raised through Preferential Allotment ....
CEINSYS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Ceinsys Tech filed its quarterly Reg 32 disclosure for Q3 FY26 (quarter ended December 31, 2025) regarding a preferential allotment originally worth Rs. 243.40 Cr made on September 20, 2024. The issue size was revised down to Rs. 235.06 Cr after one proposed allottee (worth Rs. 8.34 Cr) did not subscribe. Of this, the company has actually received Rs. 105.03 Cr in cash — Rs. 61.69 Cr for 11,01,749 equity shares and Rs. 43.34 Cr (25% upfront) for 30,96,515 convertible warrants. During the quarter, only Rs. 0.011 Cr was utilised (for working capital), while Rs. 105.00 Cr sits unutilised in term deposits and Rs. 0.0189 Cr in a separate bank account. There is no deviation or variation in the stated objects: acquisitions outside India (Rs. 170.38 Cr), India delivery centre and expansion (Rs. 48.68 Cr), and working capital (Rs. 24.34 Cr). Care Ratings is the monitoring agency and the audit committee noted no utilisation during the quarter.
Shareholders should note that over 15 months after raising the money, only a negligible amount (Rs. 0.011 Cr) has been deployed — the bulk remains parked in fixed deposits, which means the promised acquisitions and expansion plans are yet to materialise. While this keeps funds safe in the interim, it also signals slow execution of the stated growth strategy, which investors may view as a watch item.