Disclosure under Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 -Monitoring Agency Report for the quarter ended March 31, 2026.
CEINSYS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Ceinsys Tech raised Rs.235.06 crore via preferential issue of equity shares and convertible warrants (originally targeted Rs.243.40 crore, undersubscribed by one allottee who declined shares worth Rs.8.34 crore). CARE Ratings, as monitoring agency, confirms zero fund utilization during Q4 FY26 — all proceeds remain parked in fixed deposits with Punjab National Bank (Rs.235.05 crore across 12 FDs earning 7.20–7.45%) and a small SBI account balance. No deviation in utilization was reported, but CARE flagged undersubscription and the absence of a board resolution to finalize revised fund allocation under each object as risks to the viability of stated objectives (strategic acquisitions, business expansion, working capital). Funds are on track for deployment within 3 years from receipt.
The company has raised capital but has not yet deployed it. Undersubscription and pending allocation of revised proceeds across objects could delay growth plans and create uncertainty for investors monitoring how the ~Rs.235 crore will be used.