CE Info Systems Limited, operating under the MapmyIndia brand, has disclosed receiving a significant GST demand order from tax authorities. The company informed stock exchanges about the regulatory action taken by the Central Goods and Service Tax Department.

GST Demand Details

The Delhi South Commissionerate has issued a comprehensive demand order targeting the company's Input Tax Credit claims. The financial implications of this order are substantial:

The demand specifically pertains to Input Tax Credit availed on IPO-related expenses incurred during FY2021-22, in connection with the company's listing pursuant to an Offer for Sale (OFS).

Company's Response and Legal Position

CE Info Systems has expressed confidence in its legal standing regarding this matter. The company maintains that it has strong legal and factual grounds to contest the findings of the adjudicating authority. Management believes the company has duly discharged its applicable GST liabilities in accordance with the law, characterizing the matter as primarily involving issues of legal interpretation.

Operational Impact Assessment

The company has clarified that there is no immediate impact on its financial, operational, or other activities. This assessment suggests that the demand order, while significant in monetary terms, does not affect the company's day-to-day operations or immediate financial position.

Next Steps and Appeal Process

CE Info Systems plans to challenge the order through proper legal channels. The company will file an appeal before the appellate authority within the prescribed timelines. The order is not final and remains appealable under the provisions of the Central Goods and Services Tax Act, 2017.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulatory filing demonstrates the company's commitment to maintaining transparency with stakeholders regarding material developments.

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

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.