Ceinsys Tech Promoter Converts 1,78,603 Warrants to Equity Shares

Ceinsys Tech promoter Mr. Raghav Sameer Meghe has completed the acquisition of 1,78,603 equity shares through the conversion of share warrants, as disclosed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction was executed on March 18, 2026, through the allotment of equity shares pursuant to the exercise of conversion option of convertible share warrants previously issued on a preferential basis.

Regulatory Filing Details

Mr. Meghe, identified as a member of the promoter group and residing at Plot No. 135, Pandey Layout, Khamla, Nagpur, Maharashtra, submitted the mandatory disclosure to both the National Stock Exchange of India Limited and BSE Limited on March 20, 2026. The formal communication was also sent to Ms. Pooja Karande, Company Secretary & Compliance Officer of Ceinsys Tech Limited.

Parameter:	Details
Trading Symbol:	CEINSYS
Scrip Code:	538734
Transaction Date:	March 18, 2026
Filing Date:	March 20, 2026
Acquirer Status:	Promoter Group Member

Transaction Structure

The acquisition involved the conversion of 1,78,603 share warrants that Mr. Meghe held prior to the transaction. Before the conversion, he held no voting shares but possessed warrants representing 0.85% of the company's share capital. The conversion process transformed these warrants into an equivalent number of equity shares through preferential allotment.

Parameter:	Before Conversion	After Conversion
Shares carrying voting rights:	-	1,78,603
Warrants/convertible securities:	1,78,603	-
Total holding percentage:	0.85%	0.85%
Percentage of diluted capital:	0.85%	0.85%

Impact on Share Capital

The warrant conversion resulted in a significant expansion of Ceinsys Tech Limited's equity share capital. The company's total equity share capital increased from Rs. 17,84,11,460.00 to Rs. 20,93,76,610.00, representing the issuance of additional shares to accommodate the warrant conversion.

Metric:	Before Transaction	After Transaction
Equity share capital:	Rs. 17,84,11,460.00	Rs. 20,93,76,610.00
Number of equity shares:	1,78,41,146	2,09,37,661
Face value per share:	Rs. 10.00	Rs. 10.00
Total diluted share capital:	Rs. 17,84,11,460.00	Rs. 20,93,76,610.00

Compliance and Documentation

The transaction maintains Mr. Meghe's proportional holding at 0.85% of both the total share capital and diluted share capital of the company. The conversion represents a straightforward exercise of previously granted warrant rights rather than a fresh acquisition of securities in the market. The disclosure was filed in compliance with SEBI regulations governing substantial acquisitions, with proper documentation submitted to all relevant regulatory authorities and the company's compliance officer.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+10.16%	+10.64%	+1.11%	-2.76%	-2.76%	-2.76%

Ceinsys Tech Limited has received regulatory disclosure from promoter group member Devika Sagar Meghe regarding her acquisition of 7,14,413 equity shares through warrant conversion. The disclosure, filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, was submitted on March 20, 2026, following the share allotment completed on March 18, 2026.

Warrant Conversion and Share Allotment Details

The company successfully completed the conversion of 30,96,515 share warrants into equity shares, receiving Rs. 130.03 crore as balance consideration from warrant holders. The Board of Directors approved the allotment through a circular resolution on March 18, 2026, marking the completion of the preferential allotment process initiated in September 2024.

Allottee:	Category	Warrants Converted	Balance Amount Received (Rs.)
Rare CP Fund I LP	Non-Promoter	14,89,086	62,53,04,438
Mr. Sagar Meghe	Promoter	7,14,413	29,99,99,879
Mrs. Devika Meghe	Promoter Group	7,14,413	29,99,99,879
Mr. Raghav Meghe	Promoter Group	1,78,603	7,49,99,865
Total		30,96,515	1,30,03,04,061

Devika Meghe's Shareholding Changes

According to the SEBI disclosure, Devika Sagar Meghe's shareholding in Ceinsys Tech Limited increased significantly following the warrant conversion. Her equity holding expanded from 10,51,986 shares (5.02%) to 17,66,399 shares (8.44%) of the company's total share capital.

Shareholding Details:	Before Acquisition	After Acquisition
Equity Shares Held	10,51,986	17,66,399
Shareholding Percentage	5.02%	8.44%
Share Warrants Held	7,14,413	-
Shares Acquired	-	7,14,413

Impact on Company's Share Capital Structure

Following the complete warrant conversion, the company's issued and paid-up capital increased from Rs. 17,84,11,460 (1,78,41,146 shares) to Rs. 20,93,76,610 (2,09,37,661 shares). The warrant conversion resulted in a marginal increase in promoter and promoter group shareholding from 50.70% to 50.88% of total issued capital.

Regulatory Compliance and Documentation

Devika Sagar Meghe submitted the disclosure to both NSE and BSE, along with the company's compliance officer. The disclosure confirms that the share acquisition was made through the conversion of previously allotted convertible share warrants on a preferential basis. The newly allotted equity shares rank pari passu with existing shares in all respects, including dividend payments and voting rights. With all 30,96,515 warrants now converted, the company has no outstanding warrants remaining from the September 2024 allotment.