C.E. Info Systems Limited — Board Meeting, 09-12-2024: Outcome of Board Meeting

The Board of Directors of C.E. Info Systems Limited has confirmed the reversal of its earlier decision to invest 10% in a proposed company by Mr. Rohan Verma, along with a ₹35 crore investment in Compulsorily Convertible Debentures. This change follows a reassessment of investor feedback and a strategic focus on the B2B and B2B2C sectors, which account for over 99% of the company’s revenues and present substantial growth opportunities. MapmyIndia remains committed to capitalizing on its leadership position and growth in these segments.