The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sagar Meghe
CEINSYS · price
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Sagar Dattatraya Meghe, Chairman, Whole-Time Director and Promoter of Ceinsys Tech Ltd, has filed a disclosure under SEBI SAST Regulation 29(2) regarding the acquisition of 7,14,413 equity shares. These shares were received through the conversion of an equal number of share warrants that were originally allotted to him on a preferential basis on March 18, 2026. The acquisition represents 3.41% of the company's paid-up equity capital. Post-conversion, his total holding in the company stands at 33,56,924 shares, representing 16.03% of the paid-up equity share capital, up from 12.62% (on a shares-only basis) earlier. The company's total equity share capital remains unchanged at Rs. 20.93 crore, comprising 2,09,37,661 equity shares of Rs. 10 each.
This is a pre-committed warrant-to-equity conversion by the promoter and does not involve any fresh market purchase or cash outflow. It shows the promoter's long-term commitment to the company, and his voting stake has now crossed the 15% threshold. For existing shareholders, this is a neutral-to-mildly positive signal, as it indicates continued promoter skin in the game.