The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Raghav Meghe
CEINSYS · price
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Mr. Raghav Sameer Meghe, a member of the Promoter Group of Ceinsys Tech Ltd, acquired 1,78,603 equity shares (0.85% of the company's paid-up share capital) by converting an equal number of share warrants that were originally allotted to him on a preferential basis on March 18, 2026. Before this transaction, he held the same 1,78,603 warrants (0.85%), and after conversion he holds the equivalent number of equity shares with no change in his effective percentage stake. As a result of the warrant conversion, the company's total equity share capital increased from Rs. 17.84 crore (1,78,41,146 shares) to Rs. 20.94 crore (2,09,37,661 shares). The disclosure has been filed with NSE, BSE, and the company secretary as required under SEBI Takeover Regulations.
This is a non-cash, non-dilutive-from-the-perspective-of-the-promoter event: the promoter is simply converting instruments he already held into equity shares. There is no fresh buying from the market and no impact on promoter voting percentage, so shareholders and the stock price are largely unaffected. The increase in overall share capital is a technical dilution for existing shareholders (other than the warrant holder), but it was already anticipated when the warrants were originally issued on a preferential basis.