India, Aug. 24 -- The engineering and geospatial intelligence firm Ceinsys Tech Limited has encountered a partial setback in its Maharashtra government portfolio, as state authorities have rolled back certain IoT deployment schemes under the Jal Jeevan Mission citing fund exhaustion. The development, communicated to stock exchanges on August 22, trims approximately Rs. 112 crore from the company's pending execution pipeline, though management has been quick to reassure investors that the adjustment affects only future scope of work rather than past earnings.

Shares of Ceinsys Tech Ltd is trading at Rs. 724.00, down 4.57 percent on Monday. Stock touched the intraday high of Rs. 744.50 after opening at Rs. 710.00 before slipping to a low o...