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.

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.

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.

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.

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.