ALPHA TRIBE

Ceinsys Tech LtdUpdates, 03-05-2025: Company Update

03-05-2025 | 08:54 pm

Ceinsys Tech Ltd. has announced no deviation or variation in the use of Rs. 235.06 Cr raised through preferential allotment of equity shares and convertible warrants. The funds are primarily allocated to expand existing business operations (Rs. 170.38 Cr), strategic acquisitions (Rs. 48.68 Cr), and working capital (Rs. 24.34 Cr). As of March 31, 2025, Rs. 0.0115 Cr has been utilized for working capital, while Rs. 105 Cr remains unutilized and invested in term deposits. Full cash consideration has been received for allotted shares and warrants. This confirms disciplined fund deployment aligned with the company's growth plans.

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