CMS Info Systems Limited has announced that its Board of Directors will convene on February 12, 2026, to review the company's quarterly financial performance and consider dividend distribution to shareholders. The meeting has been scheduled in compliance with Regulation 29(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting Agenda

The board meeting will address two primary matters of significant importance to stakeholders:

Trading Window Restrictions

In accordance with regulatory compliance requirements, CMS Info Systems has implemented trading window restrictions to ensure adherence to insider trading regulations. The company has informed stock exchanges that the trading window for dealing in its securities will remain closed until 48 hours after the declaration of the financial results.

This closure aligns with the provisions of the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal Code of Conduct for Regulating, Monitoring and Reporting of Trading by Designated Persons. The restriction was initially communicated through the company's letter dated December 24, 2025.

Regulatory Compliance

The announcement was formally communicated to both BSE Limited and the National Stock Exchange of India Limited through an official intimation letter dated February 9, 2026. Company Secretary and Compliance Officer Debashis Dey signed the communication, ensuring proper regulatory disclosure protocols were followed.

The board meeting represents a routine but crucial corporate governance activity, providing shareholders and market participants with transparency regarding the company's financial performance and potential returns through dividend distribution.

CMS Info Systems Limited has released its fourth edition consumption trends report, revealing the continued resilience of cash usage across India's consumption ecosystem in CY'25. The comprehensive report, titled 'India's Consumption Story CY'25 - CMS Consumption Report', demonstrates how Indian consumers have adapted their spending patterns amid macro headwinds and GST reforms while maintaining strong cash-based transactions.

Cash Usage Remains Structurally Embedded

The report highlights that cash usage continues to play a fundamental role in India's consumption patterns. Average cash dispensed per ATM reached ₹1.21 Cr in CY'25, with notable seasonal variations throughout the year. The festive period drove peak usage, with November 2025 recording the year's highest monthly average of ₹1.30 Cr.

SURU Markets Lead Cash Withdrawal Activity

Semi-urban and rural areas (SURU) demonstrated the strongest cash withdrawal patterns, maintaining their leadership in ATM cash withdrawals with an annual average of ₹1.30 Cr. This significantly outpaced metro cities at ₹1.18 Cr and urban areas at ₹1.11 Cr, indicating robust consumption activity beyond major metropolitan centers.

The data reflects a broader structural shift in India's consumption landscape, with rural monthly per capita consumption expenditure growing 164% over the past decade, outpacing urban growth of 146%. This trend underscores the expanding base for India's consumption-led growth story.

Sectoral Performance Driven by Policy Reforms

The report reveals significant variations in sectoral consumption growth, with clear winners emerging from GST 2.0 reforms and festive demand patterns.

Strong Growth Sectors

Insurance emerged as the standout performer with 32% growth, driven primarily by GST 2.0 reforms that exempted life and health premiums. The sector witnessed a sharp seasonal spike of 49% year-on-year in October 2025, coinciding with the first full month impact of the policy changes.

Organised retail chains experienced robust 22% growth, benefiting from policy-led price reductions on mass-market products including personal care items, dairy products, kitchen staples, and snacks. The sector recorded a 16% year-on-year spike in October 2025, reflecting strong festive season performance.

Declining Sectors

Several sectors faced headwinds, with e-commerce and railways both declining 20% year-on-year. Media & entertainment dropped 15%, reflecting structural shifts in viewer habits toward digital platforms. The decline in e-commerce spending was attributed to the rise of quick commerce and a pronounced shift back to offline retail experiences.

Consumption Wallet Distribution

The report provides insights into how Indians allocate their ₹100 consumption spend across key expenditure categories. Travel dominates with ₹37, followed by insurance at ₹25, highlighting the importance of mobility and protection in household budgets. FMCG accounts for ₹10, consumer durables ₹8, and organised retail chains ₹6 of every ₹100 spent.

Seasonal and Regional Patterns

Cash dispensation patterns showed clear seasonality, with the lowest point reached in June 2025 at ₹1.12 Cr per ATM, coinciding with post-financial year adjustments and monsoon-related mobility constraints. The recovery began in September, accelerating through the festive season and GST reform implementation.

According to Chief Business Officer Anush Raghavan, the data captures the underlying resilience of Indian consumers who are rebalancing priorities rather than cutting back, with spending becoming more deliberate and focused on value, protection, and utility.