News Corporate Actions Ceinsys Tech Limited Monitoring Agency Report Confirms No Fund Deviation in Q3FY26Ceinsys Tech Limited Monitoring Agency Report Confirms No Fund Deviation in Q3FY26
CARE Ratings Limited has submitted the monitoring agency report for Ceinsys Tech Limited's Q3FY26 quarter, confirming full compliance with fund utilization objectives and no material deviations from the original preferential issue framework. The report validates that Rs. 105.02 Cr remains unutilized and strategically invested in fixed deposits with State Bank of India.
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Ceinsys Tech Limited has received its monitoring agency report from CARE Ratings Limited for the quarter ended December 31, 2025, confirming compliance with fund utilization objectives under SEBI regulations. The report, submitted on February 10, 2026, validates the company's adherence to its preferential issue commitments with no deviations reported.
Monitoring Agency Assessment
CARE Ratings Limited, serving as the appointed monitoring agency, confirmed that Ceinsys Tech maintained full compliance with its fund utilization framework during Q3FY26. The monitoring report verified that all fund deployments aligned with the original objectives disclosed in the offer document, with no material deviations observed.
| Assessment Parameter: | Status |
|---|---|
| Utilization as per Offer Document: | Yes |
| Material Deviations: | None |
| Shareholder Approval Required: | Not Applicable |
| Major Deviation from Previous Reports: | No |
| Statutory Approvals: | Not Applicable |
Fund Utilization Progress
The company reported minimal fund utilization during the quarter, with Rs. 105.02 Cr remaining unutilized from the total raised amount of Rs. 235.06 Cr. The monitoring agency noted that there was no utilization of funds during Q3FY26 across the stated objectives.
| Original Object: | Proposed Amount (Rs. Cr) | Amount Utilized (Rs. Cr) | Status |
|---|---|---|---|
| Strategic business acquisitions/investments outside India: | 170.38 | 0.00 | No deviation |
| Expansion of existing business operations: | 48.68 | 0.00 | No deviation |
| Working Capital Requirements: | 24.34 | 0.01 | No deviation |
| Total: | 243.40 | 0.01 | Compliant |
Fund Deployment and Investment Strategy
As of December 31, 2025, the company has strategically deployed its unutilized proceeds in fixed deposits with State Bank of India, earning returns between 5.60% to 6.30%. The total market value of investments including accrued interest stands at Rs. 112.59 Cr.
| Investment Details: | Amount (Rs. Cr) | Maturity | Return (%) |
|---|---|---|---|
| Fixed Deposits (7 accounts): | 105.00 | Various dates 2026 | 5.60-6.30 |
| Bank Balance: | 0.02 | - | - |
| Total Unutilized: | 105.02 | - | - |
| Market Value with Interest: | 112.59 | - | - |
Implementation Timeline and Compliance
The monitoring agency confirmed that all fund utilization activities remain within the prescribed timeline of 36 months from receipt of funds. The company received Rs. 105.03 Cr representing 100% consideration for equity shares and 25% for share warrants, with the balance Rs. 130.03 Cr expected within 18 months from the allotment date of September 20, 2024.
CARE Ratings Limited's report emphasizes that the undersubscription in the issue, which reduced the total from Rs. 243.40 Cr to Rs. 235.06 Cr, may affect the viability of the stated objects. However, no immediate concerns were raised regarding the company's compliance or fund management practices.
Historical Stock Returns for Ceinsys Tech
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.86% | -7.39% | -7.54% | -7.54% | -7.54% | -7.54% |
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