C.E. Info Systems Limited has informed the Exchange regarding Resignation of Mr. Kartheepan Madasamy as Non- Executive Independent Director of the company w.e.f. May 06, 2025.
MAPMYINDIA · price
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C.E. Info Systems (MapmyIndia) reported strong FY25 results alongside several board changes at its May 9, 2025 meeting. Consolidated revenue from operations grew ~22% YoY to Rs. 463.25 crore (vs Rs. 379.42 crore in FY24), with profit after tax rising to Rs. 147.59 crore from Rs. 134.38 crore. Q4 FY25 was particularly strong with revenue of Rs. 143.55 crore, up ~34% YoY. The board declared a final dividend of Rs. 3.50 per share (175% on face value of Rs. 2), subject to shareholder approval. Mr. Rakesh Kumar Verma was re-appointed as Managing Director for 5 years and additionally designated as Group Chairman, while independent director Mr. Kartheepan Madasamy resigned citing pre-occupation, and Dr. Ranjan Kumar Mohapatra was appointed as a new independent director.
Solid revenue and PAT growth, healthy cash generation (operating cash flow up to Rs. 113.15 crore from Rs. 75.52 crore), and a 175% final dividend are positives for shareholders, signaling business momentum and shareholder returns. The management continuity with the MD's re-appointment and new Group Chairman designation provides stability, while the independent director exit and replacement appear routine governance housekeeping.