CMS Info Systems Limited has announced a senior management transition following the superannuation of its Chief Human Resource Officer. The company disclosed this change in compliance with SEBI listing regulations, marking a planned leadership transition in its human resources function.

Management Transition Details

The company reported that Mr. Sanjay Singh, Chief Human Resource Officer, superannuated from his position effective March 31, 2026. His retirement occurred at the end of business hours as per the terms of his appointment with the company.

Leadership Succession

Following Mr. Singh's retirement, Mr. Saurabh Chaudhuri will assume leadership of the company's HR function. Chaudhuri currently serves as Senior Vice President & Head – Human Resources, positioning him well for this expanded responsibility.

The management has placed on record its sincere appreciation for the valuable contributions made by Mr. Singh during his tenure with the company. This acknowledgment reflects the positive impact of his leadership in the human resources domain.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. This regulation mandates companies to inform stock exchanges about material changes in senior management positions.

The announcement was communicated to both BSE Limited and National Stock Exchange of India Limited, ensuring compliance with listing requirements. Company Secretary & Compliance Officer Debashis Dey signed the disclosure document on behalf of CMS Info Systems Limited.

CMS Info Systems Limited has announced a strategic acquisition to strengthen its ATM management platform, purchasing the ATM Management solutions business from Financial Software and Systems Private Limited (FSS) for up to ₹115 crores. The company issued a comprehensive media release following Board approval, marking a substantial consolidation move that reinforces its position as India's leading managed services provider.

Strategic Platform Enhancement

The acquisition encompasses the transfer of all underlying operating assets related to FSS's ATM Management solutions business and the novation of existing customer contracts. This comprehensive deal covers approximately 8,000 ATMs, expanding CMS's managed services portfolio from 31,000 to 39,000 units, creating a more robust platform for serving banking clients across India.

Leadership Vision and Consolidation Strategy

Rajiv Kaul, Executive Vice Chairman & CEO, emphasized how this acquisition strengthens CMS's platform capabilities: "This acquisition is consistent with the playbook for our 2030 goals, which we shared six months ago. The managed services industry is consolidating, and we are well-positioned to be the platform of choice as banks look to work with fewer, larger, more capable partners."

The deal delivers on CMS's programmatic approach to M&A outlined at its Analyst Day in September 2025, where consolidation in ATM Management Solutions was identified as an explicit strategic lever. CMS's ATM Management Solutions business generated approximately ₹1,300 crores in FY25 services revenue, with an 11% CAGR outlook through FY30.

Enhanced Service Platform and Market Position

FSS, established in 1991, brings three decades of experience serving demanding public and private sector banking clients. The acquisition creates immediate opportunities for CMS to serve FSS's existing clients across its full suite of services, including cash logistics, HAWKAI remote monitoring solutions, and ALGO software solutions, strengthening its unified platform approach.

Regulatory Compliance and Transaction Structure

The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The deal has been structured as a non-related party transaction, with CMS Info Systems confirming no existing shareholding relationship with FSS. The transaction is expected to close in Q1 FY27.

This acquisition represents a significant milestone for CMS Info Systems as it strengthens its position as India's leading business services company, building a more comprehensive unified platform across ATM Management Solutions, Retail Solutions & Currency Logistics, and Technology & Payment Solutions that together serve banks, financial institutions, organized retail, and e-commerce companies across India.