Disclosure under Regulation 32 of SEBI (LODR)Regulations, 2015- Statement of Deviation or variation of funds raised through Preferential Allotment of Equity Share and Convertible Share Warrants.

Ceinsys Tech has confirmed to BSE that there has been no deviation or variation in the use of proceeds from its September 2024 preferential issue, as reviewed by the Audit Committee and Board on May 3, 2025. The issue was originally planned at Rs. 243.40 Cr but was revised to Rs. 235.06 Cr after one proposed allottee worth Rs. 8.34 Cr backed out. It comprised 11,01,749 equity shares and 30,96,515 convertible warrants issued to non-promoters at Rs. 559.90 each. Out of the revised size, the company has so far received Rs. 105.03 Cr in cash (Rs. 61.69 Cr from equity shares plus Rs. 43.34 Cr as 25% upfront on warrants). Only Rs. 0.0115 Cr has actually been spent — on working capital — while the remaining Rs. 105.02 Cr sits unutilized in term deposits and a separate bank account. Stated objects are expansion of business and a delivery centre in India (Rs. 170.38 Cr), strategic overseas acquisitions/investments (Rs. 48.68 Cr), and working capital (Rs. 24.34 Cr). Care Ratings is the monitoring agency.