C.E. Info Systems Limited — Important, 29-11-2024: General Updates

C.E. Info Systems Limited's Board has approved several strategic investments to enhance its business portfolio and support innovative technologies. The company will invest ₹3 crore in SimDaaS Autonomy Private Limited for a 9.37% stake, which focuses on simulation-driven development for autonomous systems. Additionally, it plans to invest ₹2 crore in Kaiinos GeoSpatial Technologies Private Limited, acquiring a 19.84% stake in a firm that develops intelligent systems for GIS companies.

A new company is being formed under the leadership of Mr. Rohan Verma to focus on B2C initiatives, with an initial investment of ₹10 lakh for a 10% stake, followed by ₹35 crore to be invested in Compulsorily Convertible Debentures. Mr. Verma will transition to an executive role at this new venture from April 2025, while continuing on C.E. Info Systems’ Board as a Non-Executive Director. These initiatives indicate a positive outlook for future growth opportunities in consumer technology and autonomous systems.