CMS Info Systems Limited surged nearly 7% following the announcement of securing a landmark ₹1,000 crore contract with State Bank of India (SBI). The company officially announced this significant deal through a regulatory filing, marking the first direct large PSU bank cash outsourcing contract of this scale and positioning the company to provide integrated cash solutions across approximately 5,000 bank-owned ATMs nationwide.

Stock Performance and Market Reaction

Shares of CMS Info Systems rallied nearly 8% from intraday lows following the contract announcement. The stock was trading at ₹354.10, representing a 3.60% gain from the opening price. This positive market reaction reflects investor confidence in the company's ability to secure major contracts from leading financial institutions.

Contract Details and Specifications

The company filed the announcement with BSE Limited and National Stock Exchange of India under Regulation 30 of SEBI Listing Regulations. The comprehensive contract encompasses managed services designed to improve cash efficiency and deliver higher ATM uptime for millions of SBI customers.

Revenue Impact and Business Growth

According to the official announcement, the contract will deliver incremental revenue growth of ₹500 crore for CMS Info Systems over its tenure. Mr. Anush Raghavan, Chief Business Officer, highlighted that this landmark contract will provide stability and high-quality services to millions of consumers with seamless self-service banking.

Raghavan noted that a large part of India's ATM channel was disrupted in recent periods, and CMS played an active role in helping stabilize ATM operations for many banks during this challenging time.

Strategic Partnership and Market Position

This contract further strengthens the existing relationship between CMS and SBI, building on the company's partnership with the bank through various large and complex projects. The collaboration includes multi-vendor software solution (ALGO MVS™), vision AI solution HAWKAI™, and managed services for ATMs.

The deal reinforces CMS Info Systems' position as India's leading business services company in logistics and technology solutions. The contract validates the company's capability to handle large-scale integrated cash management operations for major financial institutions and demonstrates the growing demand for professional cash management services in India's banking sector.

CMS Info Systems Limited has announced key changes to its board of directors, marking the end of one tenure and the beginning of another leadership transition. The company disclosed these changes under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Independent Director Retirement

Ms. Sayali Karanjkar (DIN: 07312305) retired from her position as Independent Director effective December 31, 2025, following the conclusion of her second term. The retirement occurred after the end of working hours on December 31, 2025, marking the completion of her tenure with the company.

The Board and Management expressed their gratitude and sincere appreciation for the valuable contributions made by Ms. Karanjkar during her tenure as an Independent Director.

New Independent Director Designate Approval

Based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors approved the appointment of Ms. Vidya Krishnan (DIN: 09669166) as Independent Director Designate. Her formal induction is currently contingent upon receiving a No Objection Certificate (NOC) from her former employer, State Bank of India (SBI).

Professional Background and Expertise

Ms. Vidya Krishnan brings nearly four decades of experience with the State Bank of India Group, specializing in enterprise technology, large-scale digital platforms, and mission-critical IT systems. In her most recent role as Deputy Managing Director (Information Technology), she led SBI's Global Information Technology Centre and was responsible for the bank's global IT strategy and operations.

Her key achievements and areas of expertise include:

• Leading SBI's enterprise-wide digital transformation
• Development and scaling of the YONO digital banking platform
• Building the SBI UPI ecosystem serving millions of customers across India
• Platform modernisation and operational resilience
• Technology-led risk management and system resilience
• Application of emerging technologies, including AI, in financial services

Educational Qualifications

Ms. Krishnan holds comprehensive educational credentials that complement her extensive professional experience:

• Bachelor's degree in Physics
• MBA in Finance from the University of Mumbai
• Certified Associate of the Indian Institute of Bankers (CAIIB)

Regulatory Compliance

The company confirmed that Ms. Krishnan satisfies the criteria of independence prescribed under the Companies Act, 2013 and SEBI Listing Regulations. Additionally, she is not debarred from holding the office of Director by virtue of any order passed by SEBI or any other regulatory authority. The appointment aligns with CMS Info Systems' focus on scalable, technology-driven solutions, making her expertise particularly relevant to the company's strategic direction.