CE Info Systems Limited has successfully completed its acquisition of stake in Iwayplus Private Limited, marking a significant corporate development for the mapping and location intelligence company. The transaction, valued at approximately ₹2.00 crores, was completed and disclosed to stock exchanges on January 15, 2026.

Transaction Details

The acquisition involved the purchase of Compulsorily Convertible Preference Shares (CCPS) in Iwayplus Private Limited. The company provided comprehensive details of the transaction structure and financial terms.

Regulatory Compliance

The acquisition completion was disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This follows the company's initial announcement on January 12, 2026, when it first informed about the planned acquisition of stake in Iwayplus Private Limited.

The disclosure was made to both major Indian stock exchanges where CE Info Systems shares are listed. The company trades on BSE under scrip code 543425 and on NSE under the symbol MAPMYINDIA.

Corporate Communication

The formal communication to stock exchanges was signed by Saurabh Surendra Somani, Company Secretary & Compliance Officer of CE Info Systems Limited. The digitally signed disclosure ensures transparency and maintains regulatory compliance standards required for listed companies.

This acquisition represents CE Info Systems' continued focus on strategic investments and business expansion activities. The completion of this transaction adds to the company's portfolio of investments and strategic partnerships in the technology sector.

CE Info Systems Limited announced a strategic investment decision during its board meeting held on January 12, 2026. The company's Board of Directors approved an investment of ₹2.00 crore in Iwayplus Private Limited, an indoor navigation startup, as part of its strategic initiatives to support innovative technologies and enhance its business portfolio.

Investment Structure and Details

The investment will be structured through Compulsorily Convertible Preference Shares (CCPS) and executed in one or more tranches. Through this investment, CE Info Systems will acquire a 6.06% stake on fully diluted basis in Iwayplus Private Limited.

About Iwayplus Private Limited

Iwayplus Private Limited, incorporated on December 26, 2022, operates in the indoor navigation and wayfinding technology sector. The startup develops, deploys, and operates technology solutions for indoor navigation using proprietary software platforms, mobile applications, and integrated hardware technologies including Bluetooth Low Energy (BLE) beacons and sensors.

The company's service portfolio includes:

• Creation of high-resolution 2D and 3D indoor maps
• Real-time indoor positioning systems
• Accessibility-focused wayfinding solutions
• Content management systems for indoor environments
• Customized applications for various facilities

Target Markets and Applications

Iwayplus serves diverse large indoor environments across multiple sectors. The company provides solutions for hospitals, academic campuses, airports, shopping malls, IT parks, museums, zoos, and exhibition centers. Additionally, the startup offers installation, configuration, and maintenance services for associated hardware while providing ongoing software support, analytics, and location-based services to its clients.

Financial Performance Overview

The startup has demonstrated growth in its financial performance over the past three years. Iwayplus recorded no revenue in FY 2023, followed by a turnover of ₹0.19 crore in FY 2024, and achieved ₹0.76 crore in FY 2025, showing significant year-over-year growth.

Strategic Rationale

The investment represents CE Info Systems' commitment to expanding its presence in innovative location-based technologies. The acquisition falls outside related party transactions, with no promoter group or group companies having any interest in Iwayplus Private Limited. The transaction requires no governmental or regulatory approvals and will be completed through cash consideration within a three-month period.