Ceinsys Tech Ltd — Updates, 05-05-2025: Company Update

Ceinsys Tech Ltd. has announced a Monitoring Agency Report by CARE Ratings for the quarter ended March 31, 2025, on the utilization of funds raised through a Preferential Issue aggregating Rs.235.06 crore. The issue raised equity shares and convertible warrants, with 88.09% equity subscription and full warrant subscription. Funds are primarily allocated for strategic acquisitions/investments outside India, business expansion in India, and working capital. As of the quarter-end, Rs.130.03 crore against warrants is yet to be received within 18 months. Utilization aligns with the stated objects, with Rs.105.02 crore raised and mostly invested in fixed deposits, while expansion and acquisitions remain ongoing. Undersubscription led to a reduced issue size, but no material deviations or issues affecting fund deployment were reported.