Ceinsys tech Limited has announced a further investment of Rs 10 lakhs in its wholly owned subsidiary ADCC Infocom Private Limited through a rights issue completed on March 18, 2026. The investment was disclosed to stock exchanges under Regulation 30 of SEBI listing obligations.

Investment Details

The company invested by subscribing to equity shares offered on a rights basis by ADCC Infocom. The transaction maintains Ceinsys Tech's complete ownership of the subsidiary.

Board Approval and Investment Framework

This investment falls under a broader capital allocation strategy approved by the board on July 30, 2025. The board had sanctioned a total investment limit of Rs 50 lakhs for ADCC Infocom, of which Rs 10 lakhs has now been utilized. The remaining approved investment capacity stands at Rs 40 lakhs for future funding requirements of the subsidiary.

About ADCC Infocom Private Limited

ADCC Infocom is a wholly owned subsidiary incorporated on December 22, 2009, under the Companies Act, 1956. The company operates in the information technology sector with its registered office located at I.T. Park, Nagpur.

Business Operations and Strategic Rationale

ADCC Infocom operates in information technology and its applications, including:

• Software engineering and development
• Business computing solutions
• Data communication services
• Networking solutions

The investment aims to meet various funding requirements of ADCC Infocom as it develops its IT services capabilities. Despite having no turnover in recent years, the subsidiary maintains a net worth of Rs 1.56 crore as of March 31, 2025.

Regulatory Compliance

The transaction does not require any governmental or regulatory approvals and is not classified as a related party transaction. The investment was made through cash consideration, and the equity shares were allotted on the same date as the investment. Ceinsys Tech confirmed that promoters and group companies have no additional interest in this transaction beyond the existing shareholding structure.

Ceinsys Tech Limited has successfully concluded its postal ballot process, with shareholders approving all four proposed resolutions through remote e-voting. The company announced the results on March 16, 2026, following the completion of voting and scrutinizer's assessment.

Postal Ballot Process Overview

The remote e-voting process commenced at 9:00 A.M. (IST) on Friday, February 13, 2026, and concluded at 5:00 P.M. (IST) on Saturday, March 14, 2026. The postal ballot notice was dated February 11, 2026, with February 6, 2026, serving as the record date for eligible shareholders.

Resolution Results Summary

All four resolutions presented to shareholders received approval, with the scrutinizer confirming passage by requisite majority. The detailed voting results demonstrate strong shareholder participation and support.

Resolution 1: Director Regularisation

The ordinary resolution for approval of regularisation of Mr. Prashant Kamat (DIN:07212749) as Non-Executive Non-Independent Director received overwhelming support.

Resolution 2: Managing Director Remuneration

The special resolution for revision in remuneration of Dr. Abhay Kimmatkar (DIN:01984134), Managing Director, was approved with similar strong support.

Resolution 3: Chairman Designation Change

The special resolution for change in designation of Mr. Sagar Meghe (DIN 00127487) from Non-Executive Non-Independent Director-cum-Chairman to Whole Time Director and Chairman received approval despite some opposition.

Notably, the promoter and promoter group abstained from voting on this resolution due to their interest in the agenda.

Resolution 4: Managing Director Re-appointment

The special resolution for re-appointment of Dr. Abhay Kimmatkar (DIN: 01984134) as Managing Director received the highest level of support.

Shareholder Participation Analysis

The voting results demonstrate strong participation from different shareholder categories. The promoter and promoter group, holding 90,44,596 shares, achieved a 97.91% voting participation rate where eligible.

Regulatory Compliance

The postal ballot process was conducted in accordance with Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Section 108 of the Companies Act, 2013. The scrutinizer's report and voting results have been uploaded on the company's website and the National Securities Depository Limited's e-voting portal as required by regulations.

The successful completion of the postal ballot enables the company to proceed with the approved corporate governance changes and executive appointments, strengthening its leadership structure for future operations.