CMS Info Systems Limited has announced the successful completion of its postal ballot process for the appointment of Ms. Vidya Krishnan as an Independent Director. The resolution was passed with overwhelming shareholder support, demonstrating strong confidence in the proposed appointment.

Postal Ballot Process and Timeline

The postal ballot process was conducted entirely through remote e-voting, following the guidelines issued by the Ministry of Corporate Affairs. The company issued the Postal Ballot Notice on February 12, 2026, with February 13, 2026, serving as the cut-off date for determining eligible shareholders.

Voting Results and Shareholder Participation

The postal ballot witnessed significant participation from shareholders, with 520 members casting their votes through the remote e-voting platform. The resolution received exceptional support across all categories of shareholders.

Category-wise Voting Pattern

The voting pattern across different shareholder categories demonstrated unanimous support for the appointment:

Public Institutions

• Shares Held: 99,407,717
• Votes Polled: 90,895,430 (91.44% of holdings)
• Support: 100.00% in favor

Public Non-Institutions

• Shares Held: 65,064,824
• Votes Polled: 10,984,882 (16.88% of holdings)
• Support: 99.96% in favor

Scrutinizer's Report and Compliance

CS Mukesh Siroya (ICSI Membership No. FCS 5682), proprietor of M/s. M. Siroya & Company, Practicing Company Secretaries, Mumbai, served as the scrutinizer for the postal ballot process. The scrutinizer submitted his report on March 24, 2026, confirming that the resolution was passed with the requisite majority as a Special Resolution.

The company has complied with all regulatory requirements under Section 108 of the Companies Act, 2013, and Regulation 44 of the SEBI Listing Regulations. The voting results and scrutinizer's report have been uploaded on the company's website and the e-voting platform of Central Depository Services Limited.

About the Appointment

Ms. Vidya Krishnan (DIN: 09669166) has been appointed as an Independent Director of CMS Info Systems Limited. The appointment was proposed as a Special Resolution, indicating its significance for the company's governance structure. The overwhelming shareholder approval reflects confidence in her potential contribution to the company's board.

CMS Info Systems has successfully completed the acquisition of additional equity stake in Securens Systems Private Limited, making it a wholly-owned subsidiary. The company acquired 25,639 Compulsorily Convertible Preference Shares (CCPS) at ₹158.41 per share, achieving 100% ownership as disclosed in its regulatory filing under Regulation 30.

Transaction Overview

The acquisition was completed through a cash consideration structure, with CMS Info Systems purchasing the remaining CCPS to consolidate its control over Securens Systems:

About Securens Systems

Securens Systems, incorporated on December 30, 2011 and headquartered in Mumbai, operates in the AIoT-based remote monitoring solutions sector. The company specializes in intelligent surveillance, predictive analytics, and technology-enabled compliance for BFSI, retail, and other industries.

Financial Performance

Securens Systems' revenue performance over the past three years shows:

The company maintains a paid-up share capital of ₹172.48 million.

Strategic Impact

According to the regulatory filing, this strategic investment strengthens CMS Info Systems' Vision AI capabilities through its HAWKAI business. The acquisition creates synergies that position the combined entity as twice the scale of its closest competitor in the BFSI sector, enabling faster innovation and enhanced customer benefits.

The transaction was conducted on an arm's length basis and does not qualify as a related party transaction. With complete ownership now secured, CMS Info Systems can implement unified business strategies and achieve better operational integration across Securens Systems' AIoT remote monitoring solutions portfolio.