The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Devika Sagar Meghe
CEINSYS · price
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Devika Sagar Meghe, a member of the promoter group of Ceinsys Tech Ltd, has disclosed acquisition of 7,14,413 equity shares (3.41% of the company) under SEBI SAST Regulation 29(2). The shares were allotted on conversion of share warrants that were originally issued on a preferential basis on March 18, 2026. Before the conversion, she held 10,51,986 shares (5.02%) along with 7,14,413 warrants (3.41%), totaling 8.44%. After the conversion, her direct equity holding stands at 17,66,399 shares, or 8.44% of the company. The company's total equity share capital increased from Rs. 17.84 crore (1.78 crore shares) to Rs. 20.94 crore (2.09 crore shares) following this allotment.
This is a non-cash, technical increase in promoter group stake via warrant conversion rather than an open-market purchase, so it should not directly move the share price. However, it does increase the promoter group's skin in the game and reflects continued confidence in the company's growth, since the warrants were exercised rather than allowed to lapse.