C.E. Info Systems Limited — Updates, 09-12-2024: Press Release

MapmyIndia is reaffirming its commitment to focus on its core B2B and B2B2C sectors, which account for over 99% of its revenues and represent significant growth potential. The company is a market leader in these segments, emphasizing continued investment for future growth. The Board has also decided against any equity or debt investments in a proposed new company, signaling a re-calibration of its B2C investments while exploring opportunities in that space. Rakesh Verma, CMD, and Rohan Verma, CEO, stressed that these decisions are in the best interests of all shareholders, underscoring the company's strong track record in corporate governance and growth. Investors should maintain a positive outlook, keeping an eye on developments within the B2B and B2B2C sectors where MapmyIndia is poised for further expansion.