CMS Info Systems Limited — Important, 19-12-2024: General Updates

Sion Investment Holdings Pte. Limited has submitted a request to be declassified from the 'Promoter and Promoter Group' category of CMS Info Systems Limited, following the sale of all its equity shares in February 2024. All associated nominees have also resigned from the Board. This change reflects Sion’s complete disengagement from the Company’s management and operations, as it no longer holds any shares or has any role within the firm. The Board of Directors will review this application in their upcoming meeting and may seek necessary approvals from the Stock Exchanges for this declassification. This development signals a shift in ownership dynamics and may provide a more streamlined governance structure moving forward. Investors should watch closely for the Board's decision on this matter.