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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Mrs. Devika Sagar Meghe, part of the Promoter Group of Ceinsys Tech Ltd, acquired 7,14,413 equity shares on March 20, 2026 through the conversion of share warrants that were originally allotted on a preferential basis on March 18, 2026. This increased her holding from 5.02% to 8.44% of the company's paid-up equity capital. The company's total equity share capital rose from Rs. 17.84 crore (1,78,41,146 shares) to Rs. 20.94 crore (2,09,37,661 shares) as a result of the warrant conversion. No cash transaction occurred in the open market — this was an exercise of pre-issued convertible warrants.
This is a positive signal of promoter confidence, as Devika Sagar Meghe chose to convert warrants into actual equity rather than letting them lapse. The dilution expands the share base by about 17%, which may put mild pressure on earnings per share, but the promoter family continues to build its stake in the company.