MAPMYINDIANSEC.E. Info Systems LimitedMediumNeutral
Announced Tue, 24 Jun · 18:46 IST

C.E. Info Systems Limited has informed the Exchange regarding Change in Auditors of the company.

Management Changes View source PDF

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

The board of C.E. Info Systems (MapMyIndia) met on June 24, 2025 and approved several items, including the annual reports for FY ending March 31, 2025. The key change is the appointment of M/s MSKA & Associates, Chartered Accountants (a well-known firm established in 1978 with offices in 12 Indian cities) as the new Statutory Auditor for 5 years, covering FY2025-26 to FY2029-30. This is because the existing auditor, Brijesh Mathur and Associates, has completed its 5-year term, which ends at the upcoming 30th AGM. The board also appointed Santosh Kumar Pradhan as Secretarial Auditor for 5 years and as Scrutinizer for the e-voting process. The 30th AGM has been scheduled for July 25, 2025.

Likely market impact

This is a routine, planned rotation of auditors after the completion of a 5-year term, not a sudden resignation. The incoming auditor (MSKA & Associates) is a large, reputable firm, which is a positive governance signal. No material impact on shareholders or stock price is expected from this announcement.