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.

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.

Ceinsys Tech Ltd and its wholly-owned subsidiary, Technology Associates Inc., have secured purchase orders worth ₹30.06 crore from T Second Inc, USA, for NVME drives and AI solutions. The orders, totaling $3,160,846.00, were received on June 13, 2026, and cover hardware supply, AI and ML capabilities, and strategic opportunities. This development strengthens the company's presence in overseas markets and highlights its capabilities in AI tools for enterprise solutions.

The purchase orders were awarded following a teaming agreement between Ceinsys Tech Ltd and T Second India Private Limited, a wholly-owned subsidiary of T Second Inc, USA. The agreement aimed to evaluate collaborative opportunities in areas complementing both entities' capabilities. T Second India Private Limited specializes in the design, development, and manufacturing of hyperconverged platforms for edge environments.

Order Details

The orders are divided into three main components, as detailed below:

The orders are international in nature and are not related party transactions. The execution period is set within two weeks from the date of the purchase order, i.e., up to June 30, 2026. The exchange rate used for conversion is $1 = ₹95.11.

Strategic Implications

The receipt of these international orders underscores Ceinsys Tech Ltd's growing expertise in AI and hardware solutions. The projects include AI-powered building and road extraction, encroachment monitoring, and enterprise geospatial imagery repositories. These initiatives align with the company's focus on new-generation tech-applications and enterprise solutions.

The filing was made in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. Pooja Sunil Karande, Company Secretary & Compliance Officer, signed the disclosure on behalf of Ceinsys Tech Ltd.