Ceinsys tech: minimal fund use, no significant deviation from allotment plan

Ceinsys Tech Limited has disclosed its fund utilization status as of September 30, 2025, revealing no significant deviation or variation in the funds raised through a preferential allotment of equity shares and convertible share warrants. The company raised ₹235.06 Cr via a preferential issue approved on September 20, 2024. While the initial approval was for ₹243.40 Cr, a revised issue size of ₹235.06 Cr was implemented due to one proposed allottee not availing their offer of ₹8.34 Cr.

Out of the total ₹235.06 Cr raised, Ceinsys Tech received ₹105.03 Cr in cash by June 30, 2025. This amount includes full consideration for 11,01,749 equity shares and 25% consideration for 30,96,515 share warrants. As of September 30, 2025, ₹105.00 Cr of the unutilized funds were invested in term deposits, with a balance of ₹0.0189 Cr held in a separate bank account. The audit committee noted that there was no utilization of funds during the quarter ending September 30, 2025. A minor amount of ₹0.011 Cr was utilized for working capital requirements.