Disclosure under Regulation 32 of the SEBI (LODR)Regulations, 2015- Statement of Deviation or Variation of funds raised through Preferential Allotment of Equity Share and Convertible Share Warrants
CEINSYS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Ceinsys Tech Ltd has filed its quarterly statement under SEBI Regulation 32 for funds raised via preferential allotment in September 2024. The company raised Rs. 235.06 Crore (down from the originally approved Rs. 243.40 Crore after one allottee declined shares worth Rs. 8.34 Crore). The funds comprise Rs. 61.69 Crore from 11,01,749 equity shares and Rs. 173.37 Crore from 30,96,515 convertible share warrants. As of March 31, 2026, only Rs. 0.011 Crore (about 11 lakhs) has been utilized, entirely for working capital. The remaining Rs. 235.05 Crore remains unutilized, with Rs. 235 Crore invested in term deposits and Rs. 0.05 Crore in a separate bank account. The Audit Committee reviewed and confirmed no fund utilization during the quarter.
Minimal near-term impact on stock as funds remain largely undeployed, suggesting the company is still in planning or waiting stage for strategic acquisitions and expansion. Low utilization may raise questions from investors about deployment timelines.