Outcome of the meeting of Board of Directors of the Company held on Wednesday, September 3, 2025
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Ceinsys Tech's board, meeting on September 3, 2025, approved multiple key decisions. Mr. Surej Kunhithayyil Poyil was appointed as Whole Time Director and CEO Designate for 3 years, effective immediately, bringing prior experience as CEO of Intelliswift (USA) and CTO of UST Global. The board also approved the 'CS Tech ESOS 2025' Employee Stock Option Scheme covering up to 8,70,000 equity shares, with grants of 1% or more of issued capital permitted to identified employees. CFO Mr. Samir Sabharwal's resignation was accepted effective September 15, 2025, with CA Amita Saxena (a returning former CFO with 18+ years of experience) appointed as new CFO from October 1, 2025. A revised notice for the 27th AGM was also approved.
Investors should note a significant leadership transition at the top with a new external CEO Designate and a new CFO, which may bring fresh strategic direction but also short-term transition risk. The ESOP scheme, while a positive retention tool, could lead to mild equity dilution (up to 8.7 lakh shares) once exercised.