Ceinsys Tech bifurcates T Second Inc purchase order

2 min read     Updated on 27 Jun 2026, 04:40 AM
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Reviewed by
Suketu GScanX News Team
AI Summary

Ceinsys Tech Ltd has bifurcated a purchase order from T Second Inc, USA, into domestic and international components to meet Indian operational requirements. The total order value remains Rs. 30,06,28,063.06, with the domestic PO valued at Rs. 22,77,74,191 and the international PO at Rs. 4,92,76,103. The revision does not affect other orders for AI-powered extraction and geospatial imagery services.

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Ceinsys Tech Ltd has revised the terms of a purchase order received from T Second Inc, USA, originally disclosed on June 13, 2026. The company has bifurcated the order for NVME drives supply into separate domestic and international purchase orders to meet operational requirements in India. The aggregate value of the orders remains unchanged at Rs. 30,06,28,063.06.

The revision follows a communication to the National Stock Exchange of India Limited and BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The initial purchase order covered NVME drives supply, AI-powered building and road extraction, and geospatial imagery repository services. The bifurcation specifically impacts the NVME drives supply component, while the terms for the other services remain unchanged.

Revised Purchase Order Structure

The bifurcation splits the scope of work between T Second India Private Limited, a wholly-owned subsidiary of T Second Inc, USA, and the US-based parent company. The domestic entity will handle the supply of NVME drives for operational requirements within India, while the international entity will manage the remaining scope.

Particulars Domestic PO International PO
Name of Customer T Second India Private Limited T Second Inc, USA
Amount of Purchase Order ($) $ 23,94,850.08 $ 5,18,095.92
INR Equivalent Rs. 22,77,74,191 Rs. 4,92,76,103
Scope NVME drives supply NVME drives supply

Financial Impact and Order Details

The total quantity, specifications, aggregate value, and other material terms of the original purchase orders remain unchanged. The INR equivalent values have been calculated at the earlier exchange rate of US $1 = Rs. 95.11. Both the domestic and international orders are scheduled to be executed by June 30, 2026.

The disclosure was made to ensure the dissemination of accurate information to the stock exchanges. The company confirmed that the orders do not fall within related party transactions and that neither the promoter group nor group companies have any interest in the entities awarding the orders.

Sr. No. Name of Company Amount of Purchase Order (INR) Amount of Purchase Order (US $) Details of Purchase Order Status
1 Ceinsys Tech Limited Rs. 27,70,50,294.06 $ 2,912,946.00 NVME drives supply Revised (Bifurcated)
2 Ceinsys Tech Limited Rs. 1,54,93,419.00 $ 162,900.00 AI-powered building/road extraction and encroachment and asset monitoring No Change
3 Technology Associates Inc Rs. 80,84,350.00 $ 85,000.00 Enterprise Geospatial Imagery Repository and AI Feature Extraction No Change
Total Rs. 30,06,28,063.06 $ 3,160,846.00

Historical Stock Returns for Ceinsys Tech

1 Day5 Days1 Month6 Months1 Year5 Years
+0.94%-1.62%+2.07%-8.83%-8.83%-8.83%

How will the bifurcation of the order impact Ceinsys Tech's profit margins given the differing tax structures for domestic versus international sales?

Does the increased reliance on the domestic subsidiary, T Second India Private Limited, signal a strategic shift by the client towards localizing supply chains within India?

Will this restructuring influence the negotiation of future contracts, particularly regarding the allocation of work between domestic and international entities?

Ceinsys Tech seeks nod to alter fund use, revise pay

2 min read     Updated on 17 Jun 2026, 03:19 PM
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Reviewed by
Ashish TScanX News Team
AI Summary

Ceinsys Tech Ltd has initiated a postal ballot process to seek shareholder approval for varying the utilization of unutilized proceeds from a preferential issue and to revise the remuneration of its top executives. The company proposes deploying ₹200 crore for strategic business acquisitions and investments, and ₹35.05 crore for working capital and general corporate purposes. The remote e-voting period commences on June 18, 2026, and concludes on July 17, 2026, with results to be announced on or before July 21, 2026.

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Ceinsys Tech Ltd has initiated a postal ballot process to seek shareholder approval for varying the utilization of unutilized proceeds from a preferential issue and to revise the remuneration of its top executives. The remote e-voting period commences at 9.00 a.m. (IST) on Thursday, June 18, 2026, and concludes at 5.00 p.m. (IST) on Friday, July 17, 2026, with the results scheduled to be announced on or before Tuesday, July 21, 2026.

The Board of Directors at its meeting held on May 14, 2026, approved the proposal to vary the utilization of funds. The company had raised ₹235.06 crore through a preferential issue, of which ₹2.35 crore remains unutilized. Shareholders are being asked to approve deploying ₹200 crore for strategic business acquisitions and investments, and ₹35.05 crore for working capital and general corporate purposes. This represents a shift from the original objects approved in April 2024, which included specific allocations for acquisitions outside India, expansion of business operations in India, and working capital requirements.

Variation in Fund Utilization

The company has utilized only ₹1,14,646 towards working capital as of June 15, 2026. The proposed variation aims to optimize the deployment of the remaining ₹2,35,04,93,368. The revised plan allows for greater flexibility in strategic investments through equity, debt, or joint ventures, both within and outside India, alongside general corporate purposes. The Audit Committee and the Board reviewed this proposal to align with current business requirements and operational priorities.

Proposed Revised Objects Amount (₹) Timeline
Strategic business acquisitions and investments 2,00,00,00,000.00 Within 3 years from approval
Working Capital and General Corporate Purposes 35,04,93,368.00 -
Total 2,35,04,93,368.00 -

Revision in Remuneration

The postal ballot also seeks approval for revising the remuneration of four senior executives effective April 1, 2026. The revisions are based on the recommendations of the Nomination and Remuneration Committee and the Audit Committee.

Mr. Sagar Meghe

Mr. Sagar Meghe, Whole Time Director and Chairman, is proposed to receive a fixed pay of ₹4,17,15,000 per annum, along with a gratuity of ₹10,03,248 and an employer contribution to the Provident Fund of ₹21,600 per annum.

Mr. Kaushik Khona

Mr. Kaushik Khona, Managing Director, India Operations, is proposed to receive a fixed pay of ₹3,15,00,000 per annum and a variable pay of ₹31,50,000, totaling ₹3,46,50,000. His perquisites include a company-owned SUV, medical coverage, gratuity of ₹7,57,572, and a PF contribution of ₹21,600.

Dr. Abhay Kimmatkar

Dr. Abhay Kimmatkar, Managing Director, is proposed to receive a fixed pay of ₹1,26,77,212 per annum and a variable pay of ₹39,23,229, totaling ₹1,66,00,441. His benefits include a company-owned SUV with maintenance expenses up to ₹15,000 per month, medical coverage, gratuity of ₹3,04,884, and a PF contribution of ₹21,600.

Mr. Rohan Singh

Mr. Rohan Singh, Executive Vice President- Strategic Initiatives, is proposed to receive a total pay of ₹2,10,00,000 per annum, payable in AED. This includes a fixed pay of ₹2,00,00,000 and a variable pay of ₹10,00,000. His benefits include gratuity of ₹4,80,996 and a PF contribution of ₹15,55,608.

Mr. Sushil Kawadkar has been appointed as the Scrutinizer to oversee the e-voting process. The cut-off date for determining member eligibility is Friday, June 12, 2026.

Historical Stock Returns for Ceinsys Tech

1 Day5 Days1 Month6 Months1 Year5 Years
+0.94%-1.62%+2.07%-8.83%-8.83%-8.83%

What specific sectors or geographies is Ceinsys Tech targeting for the proposed ₹200 crore in strategic acquisitions?

How will the significant increase in executive remuneration impact the company's operating margins and shareholder returns in the upcoming fiscal year?

What are the potential acquisition targets that justify the shift from the original 2024 plan of expanding domestic operations?

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