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 , 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.

Voting Participation Overview

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

Resolution-wise Voting Results

All three resolutions achieved overwhelming approval from shareholders:

Resolution 1: ESOP 2008 Modification (Special Resolution)

Resolution 2: Subsidiary Employee Benefits (Ordinary Resolution)

Resolution 3: ESOP 2008 Ratification (Ordinary Resolution)

Category-wise Participation Analysis

The voting showed strong support across all shareholder categories:

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.