C.E. Info Systems Announces Postal Ballot Results: All ESOP Resolutions Approved

C.E. Info Systems Limited , better known as MapMyIndia, has announced the successful completion of its postal ballot process with all three Employee Stock Option Plan (ESOP) related resolutions receiving shareholder approval with requisite majority. The company disclosed the voting results on January 5, 2026, following the completion of remote e-voting that concluded on January 3, 2026.

Regulatory Disclosure and Compliance

The company has submitted the voting results and scrutinizer's report to both BSE Limited and National Stock Exchange of India Limited pursuant to Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The postal ballot was conducted in compliance with Sections 108 and 110 of the Companies Act, 2013, read with relevant rules and MCA circulars.

Parameter:	Details
Postal Ballot Notice Date:	December 3, 2025
Record Date:	November 28, 2025
E-voting Period:	December 5, 2025 to January 3, 2026
Results Announcement:	January 5, 2026
Scrutinizer:	Santosh Kumar Pradhan

Voting Participation Overview

The postal ballot witnessed significant participation from shareholders across all categories:

Shareholder Details:	Numbers
Total Shareholders on Record:	1,51,223
Shareholders Who Voted:	463
Total Shares Voted:	4,25,69,500
Voting Percentage:	78.00% of outstanding shares

Resolution-wise Voting Results

All three resolutions achieved overwhelming approval from shareholders:

Resolution 1: ESOP 2008 Modification (Special Resolution)

Voting Details:	Numbers	Percentage
Votes in Favour:	4,24,66,927	99.76%
Votes Against:	1,02,573	0.24%
Total Votes Cast:	4,25,69,500	100.00%

Resolution 2: Subsidiary Employee Benefits (Ordinary Resolution)

Voting Details:	Numbers	Percentage
Votes in Favour:	4,04,83,430	95.10%
Votes Against:	20,86,070	4.90%
Total Votes Cast:	4,25,69,500	100.00%

Resolution 3: ESOP 2008 Ratification (Ordinary Resolution)

Voting Details:	Numbers	Percentage
Votes in Favour:	4,04,81,514	95.10%
Votes Against:	20,87,986	4.90%
Total Votes Cast:	4,25,69,500	100.00%

Category-wise Participation Analysis

The voting showed strong support across all shareholder categories:

Category:	Shares Held	Votes Polled	Participation Rate
Promoter Group:	2,81,07,754	2,81,01,455	99.98%
Public Institutions:	95,86,404	69,27,382	72.26%
Public Non-Institutions:	1,70,27,507	75,40,663	44.29%

Scrutinizer's Certification

Santosh Kumar Pradhan, Practicing Company Secretary (FCS No. 6973), served as the scrutinizer for the postal ballot process. The scrutinizer's report confirms that the remote e-voting was conducted through Central Depository Services Limited (CDSL) platform, with votes being unblocked on January 3, 2026, at 7:18 PM in the presence of independent witnesses.

Strategic Impact

The approval of these resolutions enables C.E. Info Systems to implement modified ESOP terms under the Employee Stock Option Plan 2008, extend stock option benefits to employees of subsidiary and associate companies, and ensure regulatory compliance. These modifications are expected to support talent retention and align employee interests across the group structure, strengthening the company's human resource strategy in the competitive IT-software sector.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.22%	-9.77%	-7.12%	-14.87%	-6.15%	+9.65%

C.E. Info Systems Limited , the company behind MapmyIndia and MAPPLS, has released its unaudited financial results for the second quarter and first half of the fiscal year 2026, ending September 30, 2025. The company has shown notable performance in various financial metrics.

Key Financial Highlights

Metric	Q2 FY2026	Q2 FY2025	H1 FY2026	H1 FY2025	FY2025
Total Income	108.70	76.34	208.32	147.25	321.46
EBITDA	42.36	30.89	80.89	59.56	130.45
Profit Before Tax	43.85	33.56	84.25	64.77	141.45
Profit After Tax	33.24	25.41	63.80	49.08	108.22

All figures in ₹ crore

Performance Analysis

C.E. Info Systems has demonstrated strong growth in the second quarter of FY2026 compared to the same period last year:

Total Income: Increased by 42.39% year-over-year to ₹108.70 crore in Q2 FY2026.
EBITDA: Grew by 37.13% to ₹42.36 crore, indicating improved operational efficiency.
Profit Before Tax: Rose by 30.66% to ₹43.85 crore.
Profit After Tax: Increased by 30.81% to ₹33.24 crore.

The half-yearly results also show a positive trend, with total income for H1 FY2026 reaching ₹208.32 crore, a 41.47% increase from H1 FY2025.

Earnings Per Share

The company's earnings per share (EPS) have shown significant improvement:

Basic EPS: ₹6.20 for Q2 FY2026, up from ₹4.74 in Q2 FY2025.
Diluted EPS: ₹6.15 for Q2 FY2026, compared to ₹4.70 in Q2 FY2025.

For the half-year, the Basic EPS stands at ₹11.90, and the Diluted EPS at ₹11.81, showing substantial growth from the previous year's figures of ₹9.16 and ₹9.09, respectively.

Conclusion

C.E. Info Systems Limited has exhibited robust financial performance in Q2 and H1 of FY2026. The significant growth in total income, coupled with improved profitability metrics, suggests that the company's strategic initiatives and market positioning are yielding positive results. These results indicate the company's ability to grow revenue and maintain profitability in the digital mapping and location-based services market.

The company's focus on innovation and expansion in the digital mapping sector appears to be translating into tangible financial gains.