Ceinsys Tech: ₹235.06 Cr Preferential Issue Funds Utilization Update
Ceinsys Tech Ltd has filed a statement detailing the utilization of funds raised through a preferential issue of equity shares and convertible warrants. The total amount raised was ₹235.06 Cr. The funds were allocated to strategic business acquisitions/investments outside India (₹170.38 Cr), expansion of existing business operations and setting up a delivery center in India (₹48.68 Cr), and working capital requirements (₹24.34 Cr). For the quarter ended June 30, 2026, the utilization was ₹164.54 Cr for acquisitions, ₹47.01 Cr for expansion, and ₹23.51 Cr for working capital. The report indicates no deviation or variation in the use of funds as per the original objects. The disclosure was reviewed by the Audit Committee.
Key Highlights
- Ceinsys Tech raised ₹235.06 Cr via preferential issue.
- Funds allocated to acquisitions, expansion, and working capital.
- Utilization reported for Q2 FY27 shows no deviation from original plans.
- Disclosure filed as per SEBI (LODR) Regulations, 2015.
- Audit Committee reviewed the statement of deviation/variation.
Price Impact
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