The Board of Directors for C.E. Info Systems Limited (MapmyIndia) acknowledged a minor penalty levied by stock exchanges concerning the delayed submission of Related Party Transactions for the half-year ended September 30, 2025. The Board stated the delay was inadvertent due to mis-interpretation, confirmed the fine was paid, and mandated strengthening internal systems to ensure all future regulatory filings remain timely.
Acknowledgement of Exchange Penalty
In a formal communication dated February 20, 2026, the Board of Directors of C.E. Info Systems Limited addressed the Standard Operating Procedure (SOP) fine imposed by the Stock Exchanges. This penalty was incurred due to a delay in the mandatory submission of disclosure pertaining to Related Party Transactions for the half-year period concluding on September 30, 2025.
Board’s Assessment and Rationale
The Board, following its meeting on February 13, 2026, noted that the delay in filing was entirely inadvertent, resulting from a mis-interpretation of compliance requirements. Crucially, the Board confirmed that the required disclosure has since been duly filed with the exchanges, and the associated SOP fine has been settled within the stipulated payment timeline.
Corrective and Future Measures
Management was commended for the swift corrective actions, specifically the prompt payment of the fine and the subsequent disclosure within the Corporate Governance Report for the quarter ended December 31, 2025. Furthermore, the Board emphasized the need to proactively enhance existing systems and processes to ensure that all regulatory timelines for future filings are strictly adhered to. Continuous monitoring and periodic review of all compliance matters were strongly encouraged.
Authorization
The response was issued on behalf of C.E. Info Systems Limited and certified by Saurabh Surendra Somani, Company Secretary & Compliance Officer.
Source: BSE
