5387342026-07-075387342026-07-072026-07-07iso4217:INRxbrli:pure538734CEINSYS TECH LIMITEDCEINSYSNOTLISTEDINE016Q01014NewAcquisition of “to be incorporated companies”true2026-07-0612:05:002026-07-07Please note: <BR> <BR> 1. The Board has Approved the formation of a Joint Venture Company (“JV Company”) with AI Fabrik, Inc, USA, for <BR> exploring business opportunities in relation to projects for creation of sovereign AI infrastructure and services platform in India to secure AI NEO cloud in India for Indian government, citizen services, Companies, cybersecurity and defence use cases and all other activities that may be decided to be pursued <BR> <BR> 2. The Board has also approved initial investment by the Company in the proposed JV Company in a phased manner, with approval presently being accorded for an amount aggregating up to Rs. 25.00 Crores. <BR> <BR> 3. The JV company is yet to be incorporated; once formed, it will be established in India as per the proposed JV structure. <BR> Since the JV is not yet incorporated, the Company has inserted date of incorporation as date of Board meeting approving the proposed incorporation. <BR> <BR> 4. There will not be any holding Company of the proposed incorporated Company as both the JV parties shall subscribe to the Equity shares in the ratio of 50:50. <BR> <BR> The Proposed shareholding of the Parties in the JV Company shall be as follows: a) Ceinsys Tech Limited: 50% (b) AI Fabrik Inc, USA: 50% The Listed entity will itself hold 50% shares in the proposed incorporated Company. There will not be any holding Company of the proposed incorporated Company as both the JV parties shall subscribe to the Equity shares in the ratio of 50:50.OthersThe Company and AI Fabrik, USA propose to form the JV Company in the name of “Aastra AI India Private Limited”, subject to name availability, trademark clearance or any other suitable available name, to undertake business for exploring business opportunities in relation to projects for creation of sovereign AI infrastructure and services platform in India to secure AI NEO cloud in India for Indian government, citizen services, Companies, cybersecurity and defence use cases and all other activities that may be decided to be pursued. The JV company is yet to be incorporated; once formed, it will be established in India as per the proposed JV structure.The JV Company will carry on the business of creation of sovereign AI infrastructure and services platform in India to secure AI NEO cloud in India for Indian government, citizen services, Companies, cybersecurity and defence use cases and all other activities that may be decided to be pursued.The Company and AI Fabrik, USA propose to form the JV Company in the name of “Aastra AI India Private Limited”, subject to name availability, trademark clearance or any other suitable available name, to undertake business for exploring business opportunities in relation to projects for creation of sovereign AI infrastructure and services platform in India to secure AI NEO cloud in India for Indian government, citizen services, Companies, cybersecurity and defence use cases and all other activities that may be decided to be pursued. The JV company is yet to be incorporated; once formed, it will be established in India as per the proposed JV structure.YesThe transaction is subject to the necessary statutory, governmental, or regulatory approvals, if any, as may be required.Cash250000000The shares in the JV Company are being acquired by the Company for consideration up to Rs. 25.00 Crores (Rupees Twenty-Five Crores Only)Number of SharesThe shares in the JV Company are propoed to be acquired by the Company for consideration up to Rs. 25.00 Crores (Rupees Twenty-Five Crores Only)0.52026-07-06IndiaThe Company and AI Fabrik, USA propose to form the JV Company in the name of “Aastra AI India Private Limited”, subject to name availability, trademark clearance or any other suitable available name, to undertake business for exploring business opportunities in relation to projects for creation of sovereign AI infrastructure and services platform in India to secure AI NEO cloud in India for Indian government, citizen services, Companies, cybersecurity and defence use cases and all other activities that may be decided to be pursued. The JV company is yet to be incorporated; once formed, it will be established in India as per the proposed JV structure.Further there will not be any holding Company of the proposed incorporated Company as both the JV parties shall subscribe to the Equity shares in the ratio of 50:50.