Ceinsys Tech Promoter Acquires 1,78,603 Shares Through Warrant Conversion

Ceinsys tech promoter Mr. Raghav Sameer Meghe has completed the acquisition of 1,78,603 equity shares through the conversion of share warrants, as disclosed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction was executed on March 18, 2026, through the allotment of equity shares pursuant to the exercise of conversion option of convertible share warrants previously issued on a preferential basis.

Transaction Details

The acquisition involved the conversion of 1,78,603 share warrants that Mr. Meghe held prior to the transaction. Before the conversion, he held no voting shares but possessed warrants representing 0.85% of the company's share capital. The conversion process transformed these warrants into an equivalent number of equity shares.

Parameter Before Conversion After Conversion Shares carrying voting rights - 1,78,603 Warrants/convertible securities 1,78,603 - Total holding percentage 0.85% 0.85% Percentage of diluted capital 0.85% 0.85%

Impact on Share Capital

The warrant conversion resulted in a significant expansion of Ceinsys Tech Limited's equity share capital. The company's total equity share capital increased from Rs. 17,84,11,460 to Rs. 20,93,76,610, representing the issuance of additional shares to accommodate the warrant conversion.

Metric Before Transaction After Transaction Equity share capital Rs. 17,84,11,460 Rs. 20,93,76,610 Number of equity shares 1,78,41,146 2,09,37,661 Face value per share Rs. 10 Rs. 10 Total diluted share capital Rs. 17,84,11,460 Rs. 20,93,76,610

Regulatory Compliance

Mr. Raghav Sameer Meghe, identified as a member of the promoter group, has filed the mandatory disclosure with the National Stock Exchange of India Limited, where Ceinsys Tech Limited shares are listed. The disclosure was submitted on March 20, 2026, in compliance with SEBI regulations governing substantial acquisitions of shares and takeovers.

The transaction maintains Mr. Meghe's proportional holding at 0.85% of both the total share capital and diluted share capital of the company. The conversion represents a straightforward exercise of previously granted warrant rights rather than a fresh acquisition of securities in the market.

Ceinsys Tech Limited has successfully completed the conversion of 30,96,515 share warrants into equity shares, receiving Rs. 130.03 crore as balance consideration from warrant holders. The Board of Directors approved the allotment through a circular resolution on March 18, 2026, marking the completion of the preferential allotment process initiated in September 2024.

Warrant Conversion and Share Allotment

The company allotted 30,96,515 equity shares of face value Rs. 10 each at a premium of Rs. 549.90 per share to four allottees. The warrants were originally issued at Rs. 559.90 per warrant, with 25% consideration received upfront and the remaining 75% collected during the conversion process.

Allottee Category Warrants Converted Balance Amount Received (Rs.) Rare CP Fund I LP Non-Promoter 14,89,086 62,53,04,438 Mr. Sagar Meghe Promoter 7,14,413 29,99,99,879 Mrs. Devika Meghe Promoter Group 7,14,413 29,99,99,879 Mr. Raghav Meghe Promoter Group 1,78,603 7,49,99,865 Total 30,96,515 1,30,03,04,061

Impact on Share Capital Structure

Following the allotment, the company's issued and paid-up capital increased significantly. The equity share capital expanded from 1,78,41,146 shares valued at Rs. 17,84,11,460 to 2,09,37,661 shares valued at Rs. 20,93,76,610.

Capital Structure Before Allotment After Allotment Number of Shares 1,78,41,146 2,09,37,661 Value (Rs.) 17,84,11,460 20,93,76,610

Promoter Shareholding Changes

The warrant conversion resulted in a marginal increase in promoter and promoter group shareholding. Their collective holding rose from 90,44,596 shares representing 50.70% of total issued capital to 1,06,52,025 shares representing 50.88% post-allotment.

Regulatory Compliance and Documentation

Chaturvedi & Shah LLP, the company's statutory auditors, issued a compliance certificate pursuant to Regulation 169(5) of SEBI ICDR Regulations. The certificate confirms adherence to regulatory requirements and proper documentation maintenance. Company Secretary Pooja Karande submitted the necessary intimations to NSE and BSE under Regulation 30 of the Listing Regulations.

The newly allotted equity shares rank pari passu with existing shares in all respects, including dividend payments and voting rights. With all 30,96,515 warrants now converted, the company has no outstanding warrants remaining from the September 2024 allotment.

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