Key Details of Joint Venture

Ceinsys Tech Limited has incorporated a joint venture company with AI Fabrik Inc, USA named "AASTRA AI India Private Limited" on November 3, 2026. The Ministry of Corporate Affairs issued the Certificate of Incorporation on the same date.

Capital Structure

  • Authorized Share Capital: ₹20,00,000 divided into 2,00,000 Equity Shares of ₹10 each
  • Paid-up Share Capital: ₹10,00,000 divided into 1,00,000 Equity Shares of ₹10 each (amount is yet to be invested)

Ownership Structure

The joint venture is structured as a 50:50 partnership between Ceinsys Tech Limited and AI Fabrik Inc, USA, with each holding 50% shares of AASTRA AI.

Business Objectives

AASTRA AI is incorporated to 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 services
  • Citizen services
  • Corporate services
  • Cybersecurity and defense use cases
  • All other activities that may be decided to be pursued

Transaction Details

  • Consideration: Cash
  • Price per share: At par value
  • Investment status: Subscribed amount is yet to be invested
  • Related party status: The JV constitutes a related party transaction
  • Transaction nature: Conducted at arm's length
  • Promoter interest: Promoters, promoter group, and promoter group companies have no interest in the entity

Financial and Operational Status

  • Turnover: Nil (newly incorporated entity)
  • Country of operation: India
  • Historical performance: No historical data as entity was incorporated on November 3, 2026

Regulatory Approvals

No governmental or regulatory approvals are required for this acquisition as per the disclosure.

Timeline

The disclosure indicates "Not Applicable" for indicative time period for completion of the acquisition, suggesting the incorporation is already complete.

Additional Information

The filing follows up on previous communication dated July 6, 2026, and includes compliance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.