C.E. Info Systems Limited has informed the Exchange about Acquisition of Shares
MAPMYINDIA · price
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Awaiting price reaction for this filing.
C.E. Info Systems (MapMyIndia) reported its Q1 FY26 results alongside two strategic investments. Consolidated revenue grew ~20% YoY to Rs. 121.6 crore, while net profit rose ~28% to Rs. 45.8 crore (EPS of Rs. 8.48 basic). The board approved allotment of 3,01,590 equity shares at Rs. 12.15 each to ESOP holders. The company will invest Rs. 25 crore to raise its stake in IoT subsidiary Gtropy Systems from 75.98% to 96%, with an option to acquire the remaining 4% within 4 years. Separately, it will invest Rs. 25 crore in Zepto (quick commerce platform) through Compulsorily Convertible Preference Shares, taking a small ~0.049% strategic stake aimed at expanding MapMyIndia's solutions in the quick commerce space.
Shareholders get a healthy Q1 with double-digit revenue and profit growth, plus a clearer long-term play in IoT via the Gtropy consolidation. The Zepto investment signals a strategic push into quick commerce but is too small (~0.049%) to move the needle financially; near-term share price reaction is more likely tied to the strong Q1 numbers.