Ceinsys Tech Limited has completed an intra-promoter share transfer under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations. The transaction involved the transfer of 3,85,785 equity shares from Sameer Dattatraya Meghe to Vrinda Sameer Meghe through a gift arrangement, executed on December 29, 2025.

Transaction Completion Details

Vrinda Sameer Meghe has disclosed the substantial acquisition under Regulation 29(2) of SEBI Takeover Regulations, confirming the completion of the inter-se transfer among promoters. The transaction was executed as an off-market transfer by way of gift.

Updated Shareholding Pattern

Following the completion of the share transfer, the shareholding pattern within the promoter group has been restructured. Vrinda Sameer Meghe's total holding has doubled from her previous position.

Formal Disclosure Documentation

Vrinda Sameer Meghe, residing at Plot No. 135, Khamla Road, Pandey Layout, Nagpur, has submitted formal disclosure documentation to BSE Limited and the company. The disclosure was filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Regulatory Compliance and Communication

The formal communication was addressed to BSE Limited's Corporate Relationship Department at 25th Floor, P.J. Towers, Dalal Street, Mumbai, and to Company Secretary Ms. Pooja Karande. The transaction falls under the exemption provisions of SEBI (SAST) Regulations, 2011, as it involves an inter-se transfer among promoter group members.

The disclosure documentation confirms that the acquisition was completed through an off-market transaction by way of gift, maintaining full regulatory compliance with exchange requirements and SEBI takeover regulations.

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:

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:

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/ .