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 approved the decision to forgo any investment in the proposed new company previously discussed. Initially, the Board planned to invest ₹0.1 crore for a 10% stake and ₹35 crore in Compulsorily Convertible Debentures. However, following a review based on investor feedback, the Board refocused on its core B2B and B2B2C sectors, which generate over 99% of revenue and present significant growth opportunities. This strategic shift reinforces MapmyIndia's commitment to maintaining its leadership in these segments.