Disclosure under Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Monitoring Agency Report for the quarter ended September 30, 2025
CEINSYS · price
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Awaiting price reaction for this filing.
CARE Ratings, the appointed Monitoring Agency, has filed its report on how Ceinsys Tech is using the Rs. 235.06 crore it raised via a preferential issue of equity shares and convertible warrants (originally planned at Rs. 243.40 crore, but undersubscribed by Rs. 8.34 crore after one proposed allottee backed out). Of this, the company has so far received Rs. 105.03 crore in its SBI account, with the remaining Rs. 130.03 crore (75% balance on warrants) due within 18 months from allotment. During the September 2025 quarter, only about Rs. 0.01 crore was actually spent, and the entire Rs. 105 crore of unutilized funds is parked in SBI fixed deposits earning around 6.30% interest. There is no deviation from the stated objects — strategic acquisitions/investments outside India, expansion of business and a delivery centre in India, and working capital — but the breakup of how the revised proceeds will be split across these three heads is yet to be finalised by the board.
For shareholders, this is a routine compliance update and largely neutral. The slow deployment of funds means the market will be watching closely on whether the company's overseas acquisition and expansion plans materialise on time. The undersubscription and the unusually low utilization one year after fund receipt are minor negatives on execution confidence, but parking the money in safe fixed deposits means there is no immediate capital risk.