Disclosure under Regulation 32 of the SEBI (Listing Obligations and DisclosureRequirements) Regulations, 2015 - Monitoring Agency Report for the quarter ended March 31, 2026.
CEINSYS · price
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Ceinsys Tech has filed its Q4 FY26 Monitoring Agency Report for a preferential issue comprising equity shares and convertible share warrants. The issue was undersubscribed, reducing the size from Rs.243.40 crore to Rs.235.06 crore after one allottee declined 1,48,909 equity shares worth Rs.8.34 crore. The company allotted 11,01,749 equity shares (88.09% subscribed) and 30,96,515 share warrants (100% subscribed) at Rs.559.90 per security. No funds were utilized during the quarter, with Rs.235.05 crore parked in fixed deposits with Punjab National Bank earning 7.2-7.45% interest. The bifurcation of proceeds across the three stated objects (strategic acquisitions, business expansion, and working capital) remains pending Board approval.
The undersubscription and non-deployment of funds indicate delayed execution of growth plans. Shareholders should monitor upcoming Board resolutions for revised allocation of proceeds, as the undersubscription may impact the viability of stated objects.