Ceinsys Tech Ltd has received an award extension for water infrastructure projects in Uttar Pradesh, marking a significant development in the company's project portfolio. The extension covers projects with a combined value of ₹107.07 crores, providing the company with extended timelines for execution.

Project Extension Details

The award extension encompasses water projects in Uttar Pradesh with revised completion schedules. The company has been granted extended timelines that will allow for project completion by March 2026 and March 2027.

Strategic Significance

This award extension demonstrates Ceinsys Tech's continued involvement in critical infrastructure development within the water management sector. The extended timelines provide the company with additional flexibility to execute these projects effectively while maintaining quality standards.

The projects are part of Uttar Pradesh's water infrastructure development initiatives, positioning Ceinsys Tech as a key participant in the state's infrastructure modernization efforts. The substantial project value of ₹107.07 crores represents a significant commitment to the company's infrastructure capabilities.

Company Profile

Ceinsys Tech Ltd operates in the IT software sector and has expanded its portfolio to include infrastructure projects. The company's involvement in water infrastructure projects showcases its diversification beyond traditional software services into critical infrastructure development.

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.

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:

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.