BSECompany Update11 Aug 2026 · 11 Aug 2026, 04:04 pm

Disclosure under Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements)Regulations, 2015 - Statement of Deviation or Variation of funds raised through Preferential Allotment ....

Ceinsys Tech Ltd · 538734

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Ceinsys Tech Ltd has made a disclosure under Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding a deviation in the utilization of funds raised through a preferential allotment of equity shares and convertible share warrants. The company has received 100% consideration in cash for the total amount of Rs. 6169 Cr against 11,01,749 equity shares and Rs. 17337 Cr against 30,96,515 share warrants. The deviation is due to a revision in the subscribed amount and the estimated amount to be utilized for each of the objects.

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Ceinsys Tech Ltd - 538734 - 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

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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