CE Info Systems Limited (Mapmy India) announced the outcome of its Board Meeting held on November 4, 2026. The Board approved the Un-Audited Standalone and Consolidated Financial Results for the quarter and half year ended September 30, 2026. Key senior management appointments were also made, including Mr. Abhit Kalasotra as Chief Technology Officer (CTO), Mrs. Rashmi Verma’s re-designation to Chief Innovation Officer (CIO), and Mr. Nitin Sagar’s appointment as Chief Product Technology Officer (CPTO). The Board also approved the allotment of equity shares under the ESOP scheme.
Board Meeting Outcome
CE Info Systems Limited, widely known as Mapmy India, held its Board of Directors meeting on November 4, 2026. During this meeting, the Board discussed and approved several critical agenda items, including the company’s financial performance and key personnel changes.
Financial Results Approved
The Un-Audited Standalone and Consolidated Financial Results for the quarter and half year ended September 30, 2026, along with the Limited Review Report from the Statutory Auditors, were approved. These results were previously reviewed and recommended by the Audit Committee.
Senior Management Appointments
The meeting saw significant appointments and re-designations within the Senior Management Personnel (SMP) cadre:
- Mr. Abhit Kalasotra was appointed as the new Chief Technology Officer (CTO) for Software Engineering. His role will focus on software engineering and supporting group companies.
- Mrs. Rashmi Verma was re-designated from Chief Technology Officer (CTO) & Chief Human Resource Officer (CHRO) to Chief Innovation Officer (CIO). This new role aims to drive innovation and accelerate the adoption of Artificial Intelligence and emerging technologies.
- Mr. Nitin Sagar was appointed as the Chief Product Technology Officer (CPTO) for Mappls AI, tasked with leading the development of AI-native maps and location intelligence platforms.
- Additionally, Mr. Anuj Kumar Jain, currently the Chief Financial Officer (CFO), was assigned the additional role of Chief Operating Officer (COO) of Gtropy Systems Private Limited, a material subsidiary.
- Mr. Vishal Pandey was appointed as the Chief Business Officer (CBO) of Gtropy Systems Private Limited.
ESOP Allotment Approved
The Board also considered and approved the allotment of 2,334 equity shares of Rs. 2/- each at an issue price of Rs. 12.15/- per share. This allotment is to ESOP holders who have exercised their vested options as per the ESOP Policy of 2008, a decision recommended by the Nomination & Remuneration Committee.
Source: BSE
