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Date: August 11, 2026
To, To,
National Stock Exchange of India Limited BSE Limited
Exchange Plaza, Plot No. C/1, G-Block Bandra Phiroze Jeejeebhoy Towers Dalal Street
Kurla Complex, Bandra (E) Mumbai – 400 051 Mumbai – 400001
Trading Symbol: CEINSYS Scrip Code: 538734
Subject: Disclosure under Regulation 32 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 - Statement of Deviation or Variation of funds raised through
Preferential Allotment of Equity Shares and Convertible Share Warrants.
Dear Sir/Madam,
Pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, as amended read with SEBI Master Circular HO/49/14/14(7)2025-CFD-
POD2/I/3762/2026 dated January 30, 2026, we hereby attach Statement of Deviation or Variation
of funds raised through Preferential Allotment of Equity Shares and Convertible Share Warrants,
for the Quarter ended June 30, 2026 duly reviewed by the Audit Committee at its meeting held
on August 11, 2026.
This disclosure will also be hosted on the Company's website viz. https://cstech.ai/
You are requested to take the same on your records.
For Ceinsys Tech Limited
Pooja Karande
Company Secretary &
Compliance Officer
(M. No. A54401)
Encl.: As above
Ceinsys Tech Ltd.
Registered Office: 10/5, IT Park, Nagpur-440022.
Maharashtra, India I CIN: L72300MH1998PLC114790
info@cstech.ai I EPABX: +91 712 2249033/358/930
Fax: +91 712 2249605 www.cstech.ai
>% csTECH~
Enhancing Possibilities
Statement on deviation / variation in utilization of funds raised
Name of listed entity Ceinsys Tech Limited
Mode of Fund Raising Preferential issue of Equity Shares and Convertible Share
Warrants
Date of Raising Funds September 20, 2024
Amount Raised Rs. 235.06 Cr*
(“The Board of Directors and Shareholders of the Company had
approved the preferential issue of 12,50,658 Equity Shares to 4
proposed allotees (non-promoters) at Rs. 559.90 per equity share
and 30,96,515 Share Warrants to 4 proposed allotees at Rs. 559.90
per Share Warrant, aggregate to Rs. 243.40 Cr but one of the
proposed allotee of 1,48,909 Equity Shares has not availed the
offer of preferential issue worth of Rs. 8.34 Cr and accordingly
revised preferential issue size is Rs. 235.06 Cr. made up of
11,01,749 equity shares and 30,96,515 Share warrants.
Out of Total 235.06 Cr, the Company has received 100%
consideration in Cash amounting to Rs. 6169 Cr against
11,01,749 equity shares of Rs 10/- each fully paid and 100%
consideration in Cash amounting to Rs. 17337 Cr against
30,96,515 Share warrants convertible into the equity shares of Rs
10/- each.
Report filed for Quarter ended June 30,2026
Monitoring Agency Applicable /-Not Applicable
Monitoring Agency Name, if applicable Care Ratings Limited
Is there a Deviation / Variation in use of funds raised Yes/ No
If yes, whether the same is pursuant to change in terms ofa | Not Applicable
contract or objects, which was approved by the shareholders
1f Yes, Date of sharcholder Approval Not Applicable
Explanation for the Deviation / Variation Not Applicable
Comments of the Audit Committee after review No Comments
Comments of the auditors, if any No Comments
Objects for which funds have been raised and where there has been a deviation, in the following table
Original Object Modified | Original Modified Funds Amount of Remarks
Object,if | Allocation | allocation, if any | Utilized | Deviation/Variation | ifany
any for the quarter
according to
applicable object
Strategic business Nil | Rs17038Cr | Rs 16454Cr Nil NA NA
acquisitions/ investments
outside India.
2. Expansion of existing Nil | Rs.4868Cr | Rs.47.01Cr Nil NA NA
business operations and
setting up a delivery center of
company in India.
3. Working Capital Nil | Rs.2434Cr | Rs.2351Cr | 2301Cr NA NA
Requirements
Total | Rs.24340 | Rs23506Cr | 2301Cr NA NA
cr (Refer Notes
below)
Ceinsys Tech Ltd.
Registered Office: 10/5, IT Park, Nagpur-440022.
Maharashtra, India I CIN: L72300MH1998PLC114790
info@cstech.ai T EPABX: +91 712 2249033/358/930
Fax: +91 712 2249605
www.cstech.ai
> csTECHA
Deviation or variation could mean:
(a) Deviation in the objects or purposes for which the funds have been raised or
(b) Deviation in the amount of funds actually utilized as against what was originally disclosed or
(c) Change in terms of a contract referred to in the fund raising document i.e. prospectus, letter of offer, etc.
Note-1: The Board of Direclors and Sharcholders of the Company had approved the preforential issue of 12,50,658 Equity Shares to 4 proposed
allotees (non-promoters) at Rs. 559.90 per equity share and 30,96,515 Share Warrants to 4 proposed allotees at Rs. 559.90 per Share Warrant,
aggregate {0 Rs. 243,40 Cr but one of the proposed allotee of 148,909 Equity Shares has not availed the offe of preferential issue worth of Rs. 8.34
Crand accordingly revised preferential issue size is Rs. 235.06 Cr. made up of 11,01,749 equity shares and 30,96,515 Share warrants.
Note-2: “Purposes and objects of the offer” clause in the Private Placement Offer cu: Application Letter (“Offer Letter”) doesn't provide the
Original Cost to be utlized under each ten head, however Total Estimated Amount to be utlized for each of the objects was approved by the Board
of Directors in their necting dated March 30, 2024 and Sharcholders of the Conpany in the EGM dated April 29, 2024, but since one of the
proposed allottees of Equity Shares has not availed the offer and issue size revised o Rs. 235.06 Crores, accordingly there are revision in cost ic.
revision in Estimated Amount to be utilised to maximum of Rs. 212.05 Crores.
Note-3: Due o revision in subscribed aniount and on receipt of total subscription amount, the Board at ts meeting held on May 14, 2026, approved
{o utilize the issue proceeds in the same proportion as was originally approved by the sharcholders at its meeting held on April 29, 2024 that is in
the ratio of 70:20:10 towards Strategic business acquisitions / Investments outside India, Expansion of existing business operations and setting up
adelivery centre of company in India & Working Capital requirements respectively.
Note-4: As per Offer Docunment, the Company received the full amount of preferentil issue of 11,01,749 Equity Shares e, of Rs. 61.69 Crores
and full amount of 30,96,515 Convertible Preferential Shares Warrants amounting to Rs 173.37 crores, so total amount raised tll June 30, 2026,
s Rs. 23,5.06 Crores out of which Rs 23.01 Crores has been wtilsed for working capital purpose and balance amount of Rs. 212.05 Crores remains
unutilised.
Note-5: As on June 30, 2026, the unutlized amount of Rs. 212.05 Crores has been invested in term deposits and balance of Rs. 0.05 Crores is
lying in a separate bank account. The Company has received the excess amount of Rs. 0.22 Crores from the proposed allottees in 1¢ Tranche, which
was refunded on October 17, 2024, and Rs. 1.78 Crores from the proposed allottees in 2% Tranche which was refundedon March 30%, 2026, and
March 31%, 2026.
Note-: The company has further revised the objects of the preferential ise, which has been approved through postal ballot dated July 17, 2026.
Ceinsys Tech Limited
Amita Saxena
(Chief Financial Officer)
Date: August 11, 2026
Ceinsys Tech Ltd.
Registered Office: 10/5, IT Park, Nagpur-440022.
Maharashtra, India I CIN: L72300MH1998PLC114790
info@cstech.ai 1 EPABX: +91 712 2249033/358/930
Fax: +91 712 2249605
www.cstech.ai