Ceinsys Tech Limited Announces Intra-Promoter Share Transfer Under SAST Regulations

Ceinsys Tech Limited has announced a proposed intra-promoter share transfer under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulation 10(5). The transaction involves the transfer of equity shares between members of the promoter group through a gift arrangement.

Transaction Details

The share transfer encompasses 3,85,785 equity shares, representing 2.16% of the company's total share capital. The shares will be transferred from Sameer Dattatraya Meghe to Vrinda Sameer Meghe, both of whom are part of the promoter and promoter group of Ceinsys Tech Limited.

Parameter	Details
Transferor	Sameer Dattatraya Meghe
Transferee	Vrinda Sameer Meghe
Number of Shares	3,85,785 equity shares
Percentage of Share Capital	2.16%
Transfer Method	Gift
Proposed Date	On or after December 29, 2025

Shareholding Impact

The transaction will result in a redistribution of shares within the promoter group while maintaining the overall promoter shareholding percentage. Following the completion of the transfer, the shareholding pattern will be adjusted as follows:

Shareholder	Before Transaction	After Transaction
Vrinda Sameer Meghe	3,85,785 shares (2.16%)	7,71,570 shares (4.32%)
Sameer Dattatraya Meghe	3,85,785 shares (2.16%)	0 shares (0%)

Regulatory Compliance

The proposed share transfer falls under the exemption provisions of Regulation 10(1)(a)(i) and 10(1)(a)(ii) of the SEBI (SAST) Regulations, 2011. Since the transaction involves an inter-se transfer among promoters and promoter group members, it does not trigger the requirement for an open offer to public shareholders.

The company has confirmed that both the transferor and transferee have complied with applicable disclosure requirements under Chapter V of the Takeover Regulations, 2011. All conditions specified under regulation 10(1)(a) regarding exemptions have been duly fulfilled.

Corporate Structure

Ceinsys Tech Limited, incorporated under the Companies Act, 1956, maintains its registered office at 10/5, IT Park, Nagpur, Maharashtra. The company's shares are listed on BSE Limited under scrip code 538734. The proposed transaction represents a routine intra-family transfer within the promoter group, ensuring continuity in the company's ownership structure while maintaining regulatory compliance.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+4.99%	-3.31%	-23.60%	-33.89%	-46.81%	+573.06%

Ceinsys Tech Limited's Board of Directors conducted a meeting on December 16, 2025, approving several strategic leadership changes, organizational restructuring initiatives, and governance matters. The board meeting, which commenced at 10:06 AM and concluded at 12:15 PM, addressed critical appointments, resignations, and postal ballot approvals.

Key Leadership Appointments and Changes

The board approved multiple significant leadership transitions that will reshape the company's executive structure:

Position Change:	Details	Effective Date
Additional Director Appointment:	Mr. Prashant Kamat (DIN: 07212749) as Non-Executive Non-Independent Director	January 1, 2026
Designation Change:	Mr. Sagar Meghe from Non-Executive Chairman to Whole Time Director and Chairman	December 16, 2025
Director Resignation:	Mr. Surej Kunhithayyil Poyil (DIN: 10999955) from Non-Executive Non-Independent Director and CEO Designate	December 16, 2025
CMO Resignation:	Mr. Vishal Pawar from Chief Marketing Officer and Senior Management	December 19, 2025

Executive Profile and Transition Details

Mr. Prashant Kamat has been appointed as an Additional Director in the capacity of Non-Executive Non-Independent Director, effective January 1, 2026. He is an accomplished executive with over 30 years of progressive career experience in operations, finance, strategic marketing, business expansion, and new product development. He holds a master's degree in mechanical engineering from IIT Mumbai and started his career in 1994. Currently serving as Whole Time Director, Vice Chairman and CEO of the Company, he will vacate these positions on December 31, 2025.

Mr. Sagar Meghe's designation has been changed from Non-Executive Non-Independent Director-cum-Chairman to Whole Time Director and Chairman, effective December 16, 2025. The board expressed optimism about the company scaling greater heights under his active guidance.

Strategic Resignations and Departures

Mr. Surej Kunhithayyil Poyil resigned from his position as Non-Executive Non-Independent Director and CEO Designate to completely focus on international operations of the wholly owned subsidiary, Technology Associates Inc. (TA Inc) USA, where he continues as Chief Executive Officer.

Mr. Vishal Pawar resigned from his position as Chief Marketing Officer and Senior Management due to personal reasons, with his resignation effective from December 19, 2025.

Audit Committee Reconstitution

The board approved the re-constitution of the Audit Committee with the following composition:

Position:	Name	Category
Chairman:	Mr. Dhruv Kaji	Non-Executive Independent Director
Member:	Mrs. Maya Swaminathan Sinha	Non-Executive Independent Director
Member:	Mr. Sagar Meghe	Whole Time Director and Chairman

Postal Ballot Approval

The board approved the Notice of Postal Ballot for passing Ordinary/Special Resolutions for:

Appointment of Mr. Prashant Kamat as Non-Executive Non-Independent Director
Approval of change in designation of Mr. Sagar Meghe and fixing his remuneration
Approval of revision in remuneration of Dr. Abhay Kimmatkar, Managing Director

The Notice of Postal Ballot will be circulated in due course of time, and the information will be available on the company's website at https://cstech.ai/ .