C.E. Info Systems Limited — Important, 19-12-2025: Disclosure of material issue

Mapmyindia (#MAPMYINDIA) has received a demand order from the Central Goods & Service Tax Department.

**The Issue:** The company faces a GST demand of approx **₹8.05 Cr**. This includes a demand for Input Tax Credit (ITC) of **₹7.31 Cr** related to IPO expenses from FY21-22, plus associated interest and penalties of approximately **₹0.74 Cr**.

**Possible Impact:** The company states there is no immediate impact on its financials, operations, or other activities. This is a contingent liability that could become an outflow if the company loses its appeal.

**Company's Response:** Mapmyindia believes it has strong legal and factual grounds to contest the order, viewing it primarily as an issue of legal interpretation. The company will file an appeal before the appellate authority within the prescribed timelines. #GST #CorporateAction