Ceinsys Tech Limited , a company specializing in geospatial and engineering solutions, has announced the receipt of an additional work order worth Rs 2.02 crore from the Maharashtra Remote Sensing Application Centre (MRSAC). This development marks an expansion of the company's ongoing projects with MRSAC.

Project Details

The new work order is for conducting a detailed soil survey and mapping under the National Soil Mapping Programme (NSMP) for part of Nashik District, Maharashtra. This project comes with a 4-month completion timeline.

Cumulative Contract Value

With this latest addition, Ceinsys Tech's aggregate value of work orders from MRSAC has now reached Rs 7.06 crore including GST. This total includes previous orders, demonstrating the company's ongoing relationship with MRSAC and its expertise in the field of remote sensing applications.

Project Scope and Significance

The work order focuses on detailed soil survey and mapping, which is crucial for agricultural planning, land use management, and environmental conservation. By leveraging remote sensing technologies, Ceinsys Tech will contribute to the mapping of soil characteristics in the specified region.

Company's Position

Ceinsys Tech Limited is empaneled with MRSAC for Detailed Soil Survey and Mapping under the NSMP, indicating its recognized expertise in this specialized field. This empanelment and the subsequent work orders underscore the company's position in the geospatial and remote sensing sector.

Financial Implications

Here's a breakdown of the work order details:

This additional work order adds to Ceinsys Tech's order book and reinforces its relationship with government entities.

The company's ability to secure repeat orders from MRSAC suggests a track record in delivering work in the field of remote sensing and geospatial services. As Ceinsys Tech expands its portfolio of government projects, it may see impacts on its revenue and market position.

Ceinsys Tech Limited , a leading IT services company, has reported financial results for the second quarter and half-year ended September 30, 2025, along with leadership changes, expansion plans, and details on its recent preferential issue.

Financial Performance

The company's consolidated financial results for Q2 FY26 show:

On a standalone basis, Ceinsys Tech reported:

Leadership Transitions

Ceinsys Tech announced key leadership changes:

1. Mr. Prashant Kamat has resigned as Director, Whole Time Director, and CEO (Vice Chairman), effective December 31, 2025, citing personal commitments.

2. Mr. Surej Kunhithayyil Poyil has stepped down as Whole Time Director, effective November 6, 2025. He will continue as a Non-Executive Director and CEO designate of the company.

Global Expansion Plans

The Board of Directors has granted in-principle approval for global expansion. Ceinsys Tech plans to establish a Wholly Owned Subsidiary in the Kingdom of Saudi Arabia, focusing on IT services.

Segment Performance

The company's financial results show performance across business segments:

1. Geospatial and Engineering Services: Revenue of ₹1,477.50 crore in H1 FY26.
2. Technology Solutions: Revenue of ₹1,716.20 crore for the same period.

Dividend Announcement

Ceinsys Tech has approved a dividend of ₹3.50 per equity share, as confirmed in the Annual General Meeting held on September 29, 2025.

Preferential Issue Update

Ceinsys Tech Limited has disclosed the status of funds raised through a preferential allotment of equity shares and convertible share warrants:

• The company raised ₹235.06 crores, slightly less than the originally approved ₹243.40 crores, as one proposed allottee did not avail shares worth ₹8.34 crores.
• The issue comprised 11,01,749 equity shares and 30,96,515 share warrants at ₹559.90 each to non-promoter allottees.
• Ceinsys Tech received ₹105.03 crores, including full consideration of ₹61.69 crores for equity shares and 25% consideration of ₹43.34 crores for share warrants.
• As of September 30, 2025, only ₹0.011 crores has been utilized for working capital purposes.
• The funds are allocated for:
  • Strategic business acquisitions/investments outside India (₹170.38 crores)
  • Expansion of existing business operations in India (₹48.68 crores)
  • Working capital (₹24.34 crores)
• ₹105 crores remains invested in term deposits, with ₹0.02 crores in a separate bank account.

The company's financial performance, expansion plans, leadership changes, and recent capital raise position Ceinsys Tech for continued growth in the IT services sector.