Ceinsys tech Limited has secured approval from the National Stock Exchange of India Limited (NSE) for listing its equity shares, marking a significant milestone in the company's capital market journey. The listing will become effective from February 19, 2026, expanding the company's presence beyond its existing BSE listing.

NSE Listing Details

The NSE has approved the listing of Ceinsys Tech's equity shares under specific parameters that will govern its trading on the exchange. The approval covers the company's entire issued share capital with designated trading arrangements.

Regulatory Communication

Ceinsys Tech informed BSE about the NSE listing approval through a formal communication dated February 17, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. The company's Company Secretary and Compliance Officer, Pooja Karande, signed the intimation letter addressed to BSE's Department of Corporate Services.

The NSE approval was communicated through reference letter NSE/LIST/238 dated February 17, 2026, addressed to Ms. Pooja Karande at the company's registered office in Nagpur, Maharashtra. This follows the company's initial application for NSE listing filed on December 6, 2025.

Trading Commencement

The equity shares will be admitted to dealings on NSE with effect from February 19, 2026, under the symbol "CEINSYS" in the EQ series. The NSE has specified that all future correspondence should mention the designated symbol and series for proper identification and processing.

Compliance Requirements

NSE has outlined specific compliance obligations for Ceinsys Tech as a newly listed entity. The company must submit all reports, statements, intimations, documents, and filings required under SEBI Regulations through NEAPS (NSE Electronic Application Processing System), the exchange's online filing facility. Additionally, the company must seek requisite exchange approvals separately from NSE prior to any grants, allotments, or corporate actions going forward.

Market Implications

The dual listing on both BSE (scrip code: 538734) and NSE will provide Ceinsys Tech with enhanced market visibility and improved liquidity for its equity shares. The company's expansion to NSE trading represents a strategic move to access a broader investor base and increase trading volumes across multiple platforms.

Ceinsys Tech Limited has delivered exceptional financial performance in the third quarter of FY26, demonstrating strong growth momentum across key business segments. The company, which has rebranded to CS TECH Ai while maintaining its corporate name, continues to strengthen its position as a leading technology solution provider in the IT-enabled sector.

Strong Financial Performance in Q3 FY26

The company's operational revenue showed remarkable growth, increasing by 52% year-on-year to ₹170 crores in Q3 FY26. This growth was accompanied by significant margin expansion, with EBITDA increasing by 88% to ₹40 crores and margins improving to 23.48%, reflecting an improvement of 452 basis points compared to the previous year.

Nine-Month Performance Highlights

For the nine months ended December 31, 2025, Ceinsys Tech maintained its strong performance trajectory with operational revenue growing 78% year-on-year to ₹490 crores. EBITDA increased by 107% to ₹106 crores, with margins at 21.59%, representing an improvement of 302 basis points year-on-year.

Segment-wise Business Performance

The company's performance was driven by strong growth across both business segments. In Q3 FY26, Geospatial and Engineering Services revenue increased significantly by 122% year-on-year to ₹109 crores, while Technology Solutions revenue declined moderately by 3% to ₹61 crores.

For the nine-month period, both segments showed robust growth with Geospatial and Engineering Services revenue increasing 77% year-on-year to ₹257 crores, and Technology Solutions revenue growing 79% to ₹233 crores.

Order Book and Working Capital Management

During Q3 FY26, the company secured new orders totaling ₹170 crores, excluding mobility and product services, bringing the closing order book to ₹999 crores as of December 31, 2025. The company maintained disciplined working capital management with a net working capital cycle in the range of 160 to 162 days. Collections during the quarter matched operational revenue at ₹170 crores, with significant collections realized from projects under the Jal Jeevan Mission.

Strategic Investments and New Contract Wins

Ceinsys Tech invested ₹24 crores in technology innovations and business development during the quarter, with ₹16 crores charged to the profit and loss account. The company secured several significant contracts including:

• Extension from State Water and Sanitation Mission, Uttar Pradesh for third-party inspection services valued at ₹107 crores
• Work orders from Maharashtra Remote Sensing Application Center under National Soil Mapping Program totaling ₹7 crores
• System integrator contract from Maharashtra State Road Development Corporation worth ₹12 crores
• Two mandates from MMRDA for urban change detection and BIM implementation aggregating ₹20 crores
• Project management consultant appointment from Vasai Virar Municipal Corporation valued at ₹12 crores

Strategic Partnerships and Expansion Plans

The company has entered into strategic partnerships with Tech Mahindra and Aetosky to expand its service offerings and geographical reach. These partnerships complement the company's existing capabilities and provide platforms for expanding services across new geographies. Ceinsys Tech is also establishing its presence in Dubai and Saudi Arabia markets as part of its international expansion strategy.

Investment in Growth Markets

The company continues to invest strategically in the U.S. market, where it has mobilized approximately $28 million for inorganic growth opportunities. The U.S. subsidiary contributed around ₹19 crores to the top line during the nine-month period, with total revenue including other items reaching ₹21 crores. The company expects this contribution to improve as business development efforts gain traction.