Ceinsys Tech Limited's Board of Directors held a significant meeting on March 25, 2026, addressing both corporate governance matters and paying respects to the family of company leadership during a time of loss.

Board Meeting Details

The board meeting commenced at 10:26 AM and concluded at 11:35 AM on Wednesday, March 25, 2026. The meeting was conducted in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Decisions and Resolutions

The Board of Directors addressed two primary matters during the session:

Related Party Transactions Approval

The board approved Related Party Transactions for the fiscal year 2026-27, ensuring the company maintains regulatory compliance and transparent business practices for the upcoming financial period.

Condolences Resolution

The directors paid condolences to the family of Mr. Sagar Meghe, who serves as Promoter, Chairman and Whole-Time Director of the company. The condolences were extended following the demise of his father, Shri Dattatraya Meghe, who was highly respected in Vidarbha and Central India for his significant contributions to education, health, and the upliftment of the masses.

Regulatory Compliance

The company fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 by informing both the National Stock Exchange of India Limited and BSE Limited about the board meeting outcomes. The information has also been made available on the company's official website at https://cstech.ai/ .

The meeting documentation was signed by Pooja Karande, Company Secretary & Compliance Officer, ensuring proper corporate governance protocols were followed throughout the process.

Rare CP Fund I LP, a Delaware-based investment fund, has significantly increased its shareholding in ceinsys tech Limited through the conversion of share warrants into equity shares. The fund filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, reporting the acquisition of 14,89,086 equity shares.

Transaction Details

The acquisition involved the conversion of 14,89,086 share warrants that were originally allotted by Ceinsys Tech on March 18, 2026. The actual conversion and allotment of equity shares took place on March 19, 2026. This transaction represents a strategic move by the fund to convert its warrant holdings into direct equity participation.

Shareholding Changes

Prior to this conversion, Rare CP Fund I LP held 5,87,443 equity shares representing 2.81% of Ceinsys Tech's total share capital. The fund also held 14,89,086 warrants, which constituted 7.11% of the company's share capital on a diluted basis.

Impact on Company's Share Capital

The warrant conversion resulted in an expansion of Ceinsys Tech'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 an increase from 1,78,41,146 equity shares to 2,09,37,661 equity shares of Rs. 10 each.

Regulatory Compliance

Rare CP Fund I LP, managed by Tarun Rajendra Raisonni, submitted the required disclosure to both the National Stock Exchange of India Limited and BSE Limited. The fund confirmed that it does not belong to the promoter or promoter group of Ceinsys Tech Limited. The disclosure was filed in accordance with SEBI regulations governing substantial acquisitions of shares and takeovers.

Ceinsys Tech Limited trades on both major Indian stock exchanges under the symbol CEINSYS on NSE and scrip code 538734 on BSE. The company's shares continue to be listed and traded on both exchanges following this shareholding change.