C.E. Info Systems Ltd Management Discussions

Navigating Global Uncertainty with Strategic Clarity and Technological Leadership

Global Economic Outlook: Resilience in a Fragmented World

The global economy in FY2026 continues to navigate a complex interplay of geopolitical tensions and evolving technological disruption. While the post-pandemic recovery has largely stabilised, structural uncertainties remain embedded within global markets.

Key Global Trends

• Geopolitical Realignment: Ongoing conflicts, supply chain reconfiguration, and trade realignments are reshaping global economic linkages.

• Divergent Growth Patterns: Emerging markets, particularly in Asia, continue to outpace developed economies, driven by consumption, digital adoption, and infrastructure investments.

• Technology-Led Transformation: Artificial

Intelligence (AI), automation, and digital ecosystems are redefining productivity, industry structures.

Outlook

While near-term risks persist, the global economy is trying to navigate through troubled waters and come out of it. Organisations that demonstrate agility, innovation, and technological leadership are best positioned to capitalise on emerging opportunities.

Indian Economy: A Structural Growth Engine

India continues to stand out as one of the fastest-growing major economies globally, underpinned by strong macroeconomic fundamentals, policy continuity, and a vibrant digital ecosystem.

GDP growth for FY2026 is expected to remain robust at 6.5% 7.0%, supported by sustained domestic demand and public investment.

Key Growth Drivers

• Government-led Capex: Continued focus on infrastructure development, logistics, and urban transformation.

• Digital Public Infrastructure: Expansion of platforms such as digital identity, payments, and geospatial frameworks.

• Manufacturing Push: Production Linked Incentive (PLI) schemes accelerating domestic manufacturing capabilities.

• Demographic Advantage: A young, tech-savvy population driving consumption and innovation.

Challenges

• Exposure to global demand fluctuations

• Capital market volatility

• Commodity price uncertainties

Outlook

Indias long-term growth story remains compelling, supported by structural reforms, digital transformation, and policy-led infrastructure development. The country is well-positioned to emerge as a global hub for technology, manufacturing, and digital innovation.

Industry Overview: Accelerating the Geospatial Revolution

The geospatial and location intelligence industry is witnessing a structural inflection point, driven by regulatory liberalisation, increasing digital adoption, and integration with emerging technologies.

Indias geospatial sector is projected to grow exponentially, competitiveness, supported by progressive government policies. and

Regulatory & Policy Landscape

• National Geospatial Policy (NGP) continues to act as a cornerstone for industry growth by:

• Liberalising access to geospatial data

• Promoting private sector participation

• Encouraging innovation and indigenous development

Union Budget 2025 26: Key Highlights:

• Increased allocation for Geospatial Mission and Digital Infrastructure

• Expansion of Digital Addressing Systems (DIGIPIN)

• Focus on Drone and AI-led initiatives (e.g., Operation Dronagiri)

• Investments in climate and weather intelligence (Mission Mausam)

Industry Applications Driving Demand:

• Smart Cities & Urban Planning

• Logistics & Supply Chain Optimisation

• Mobility & Connected Vehicles

• Agriculture & Precision Farming

• Defence & National Security

• Digital Twin & Infrastructure Management

Outlook

The convergence of geospatial intelligence with AI, IoT, and digital platforms is unlocking unprecedented opportunities. The industry is transitioning from a niche capability to a core digital infrastructure layer.

Sectoral Insights

A. Automotive & Mobility: Driving the Future of Connected and Electric Mobility

The automotive sector is undergoing a paradigm shift towards electrification, connectivity, and software-defined vehicles.

Key Trends

• Rapid adoption of Electric Vehicles (EVs) across segments

• Growth in connected and software-enabled vehicles

• Increasing integration of ADAS, HD maps, and real-time navigation

• Emergence of Mobility-as-a-Service (MaaS) models

Indias EV market is expected to scale significantly, with strong policy support and increasing consumer adoption.

Implications for the Industry

• Embedded navigation and location intelligence becoming standard

• Rising demand for real-time, high-definition geospatial data

• Integration of AI-driven mobility solutions

Outlook

The automotive sector will continue to be a major growth driver for geospatial technologies, with increasing reliance on maps as a core vehicle intelligence layer.

B. Enterprise & Digital Transformation:

Location Intelligence at the Core

Digital transformation is accelerating across industries, with enterprises increasingly leveraging location intelligence to enhance efficiency, and decision-making.

Key Trends

• Adoption of AI, Cloud, and Automation platforms

• Increased reliance on location-based analytics and insights

• Expansion of logistics, e-commerce, and fintech ecosystems

• Demand for real-time data-driven decision-making tools

Use Cases

• Supply chain optimisation

• Workforce automation

• Risk analytics and fraud detection

• Hyperlocal marketing and customer engagement

Outlook

Location intelligence is becoming a mission-critical capability for enterprises, driving sustained demand for scalable geospatial platforms.

C. Government & Public Sector: Digital Transformation at Scale

Governments across India are increasingly adopting geospatial technologies for governance, infrastructure planning, and citizen services.

Key Focus Areas

• Smart Cities and Urban Governance

• Land Records Digitisation

• Disaster Management and Emergency Response

• Defence and Strategic Applications

• Infrastructure Monitoring and Planning

Growth Drivers

• Policy push for Atmanirbhar Bharat

• Increased budgetary allocation for digital infrastructure

• Adoption of Digital Twin and AI-led governance models

Outlook

The government sector represents a high-impact, long-term growth opportunity, driven by large-scale digital transformation initiatives.

D. IoT & Mobility Solutions: Enabling a Connected Ecosystem

The convergence of IoT, SaaS, and hardware solutions is enabling a new wave of connected mobility and enterprisecustomerexperience, efficiency.

Key Trends

• Growth in fleet management and telematics solutions

• Increasing adoption of video telematics and safety systems

• Expansion of aftermarket IoT devices

• Integration with EV, logistics, and regulatory ecosystems

Outlook

The IoT segment is evolving into a high-margin, recurring revenue business, driven by software-led monetisation and device ecosystem expansion.

Company Positioning & Strategic Direction

C.E. Info Systems Limited (MapmyIndia) continues to strengthen its leadership position as Indias premier geospatial and location intelligence platform company.

Strategic Strengths

• Proprietary, full-stack geospatial platform

• Strong presence across Automotive, Enterprise, Government, and IoT verticals

• Regulatory alignment and indigenous data advantage

• Scalable SaaS, PaaS, and MaaS business model

• Growing international footprint, particularly in

Southeast Asia

Technology Focus Areas

• AI-driven geospatial analytics

• Digital Twin and simulation technologies

• Real-time mapping and navigation systems

• Integrated IoT and mobility platforms

Outlook: Positioned for Sustainable Growth

The Company remains confident of sustaining its growth trajectory, supported by:

• Strong order book visibility

• Expanding customer base

• Increasing adoption of location-based services

• Continued investments in innovation and technology With a clear strategic roadmap and robust execution capabilities, the Company is well-positioned to capitalise on the evolving digital landscape.

Product Engines That Power Growth

Map-Led Business Our Foundation of Sustainable Growth

The Map-led business continues to be the cornerstone of

MapmyIndias growth strategy, contributing 315.5 Cr of revenue during FY26 and accounting for approximately

66.5% of total operating revenue. The segment maintained industry-leading profitability with EBITDA of 149.5 Cr and EBITDA margins of 47.4%.

Key highlights include:

• Launch of Geo-Verify, an AI-powered location verification platform for the banking sector, powered by proprietary Geo-LLM technology trained on MapmyIndias mapping datasets.

• Expansion across BFSI, e-commerce, logistics, payments and enterprise automation sectors.

• Successful deployments for large banks, insurance companies, e-commerce platforms, paints manufacturers and cement companies.

• Strong traction in government projects, including defence intelligence systems, property tax digitisation, urban governance, vehicle tracking and emergency response systems.

• Government business continued to scale with an open order book exceeding 200 Cr, annual billings exceeding 100 Cr and healthy cash collections exceeding 100 Cr.

Consumer Ecosystem Growth

workforce solution

The Mappls ecosystem continued to strengthen during

FY26:

• Mappls App crossed 45+ million cumulative downloads.

• More than 10 million downloads were added during FY26.

• User engagement and retention continued to improve across navigation, EV mobility, logistics, safety and geospatial intelligence applications.

Strategic Vision: Building the Next management, Phase of Growth

A Strong and Growing Order Book

Our order book expanded significantly during FY26, providing strong visibility for future growth.

Particulars	FY25	FY26
Opening Order Book	1372.5	1500.0
New Orders Received	633.5	785.4
Revenue Billed	-504.6	-531.0
Closing Order Book	1500	1754.4

Key Highlights:

• Open Order Book increased 17% YoY to 1,754.4 Cr.

• Annual new order bookings increased 24% YoY to

785.4 Cr.

• Fixed-price contracts increased to 492.2 Cr, reflecting higher customer confidence and improved revenue visibility.

• Current order book provides approximately 3-4 years of revenue visibility.

Building for the Future Strategic Investments

FY26 witnessed strategic investments aimed at strengthening future growth opportunities:

• IwayPlus Technologies Private Limited: Investment of 2 Cr through subscription to CCPS, resulting in acquisition of 6.06% stake. The investment strengthens our indoor navigation and smart mobility ecosystem.

• Prashanth Advanced Survey LLP: Investment of 2 Cr for acquisition of 20% partnership interest. The investment supports next-generation HD mapping,

LiDAR and geospatial surveying capabilities.

Financial Highlights Resilience and Long-Term Value Creation

• Total Income: 526.5 Cr in FY26 versus 515.7 Cr in FY25, representing 2.1% growth.

• Operating Revenue: 474.1 Cr in FY26 versus 463.3 Cr in FY25, representing 2.3% growth.

• Operating Profit(EBITDA): 175.5 Cr with EBITDA margin of 37.0%.

• Profit After Tax (PAT): 134.0 Cr.

• Open Order Book: 1,754.4 Cr, representing 17% growth YoY.

• Cash & Financial Investments: 685 Cr, maintaining a debt-free and highly liquid balance sheet.

Summary of Consolidated Financial Performance (In Cr)

Consolidated Balance Sheet

(In Rs. Cr, Figures have been rounded)

Particulars	FY26	FY25	% Change
Property, plant & equipment	34.7	31.1	11.58%
Investments	268.3	262.1	2.37%
Goodwill	4.2	4.3	-2.33%
Intangible Assets	59.8	47.2	26.69%
Other non-current assets	102.4	104.2	-1.73%
Total non-current assets	469.4	448.9	4.57%
Investments	248.7	226.6	9.75%
Trade Receivables	176.4	133.0	32.63%
Cash & cash equivalents	61.1	67.4	-9.35%
Other current assets	80.5	65.9	21.97%
Total current assets	566.7	492.9	14.95%
Total Assets	1036.1	941.8	10.00%
Equity	905.2	810.8	11.64%
Lease Liabilities	2.0	0.9	122.22%
Other non-current liabilities	13.6	13.8	-1.45%
Total non-current liabilities	15.6	14.7	6.12%
Lease Liabilities	5.1	1.3	292.31%
Trade Payables	62.5	41.1	52.07%
Other current liabilities	47.7	73.9	-35.54%
Total Equity and Liabilities	1,036.1	941.8	10.00%

Assets

Total assets increased by 10.0% from Rs. 941.8 Cr in FY2025 to Rs. 1036.1 Cr in FY2026, primarily due to increased investments, trade receivables, intangible assets and plant and property.

Equity

Total equity increased by 11.6% from Rs. 810.8 Cr in FY2025 to Rs. 905.2 Cr in FY2026, primarily due to to inflow of surplus funds into other equities and reserves.

Liabilities

Total liabilities decreased from Rs. 131.1 Cr in FY2025 to Rs. 130.9 Cr in FY2026.

People First: Our Most Valuable Asset

Our workforce expanded to 1,460 employees during FY26 compared to 1,292 employees in FY25.

Summary of Consolidated Financial Performance for the Year ended March 31, 2025, is as below.

Consolidated Profit and Loss Statement

(In Rs. Cr, Figures have been rounded)

Particulars	FY26	FY25	% Change
Revenue from Operations	474.1	463.3	2.3%
Other Income	52.4	52.4	0%
Total Income	526.5	515.7	2.09%
Expenses	330.8	306.1	8.07%
EBITDA	175.5	179.9	-2.45%
EBITDA % on Operating Income (%)	37.0%	38.8%
Profit Before Tax (PBT)	189.0	205.7	-8.12%
PBT % on Total Income (%)	35.9%	39.9%
Profit After Tax	134.0	147.6	-9.21%
PAT % on Total Income (%)	25.5%	28.6%

Employee Highlights:

• Total employee strength increased 13% YoY.

• Permanent workforce increased to 730 employees.

• Technical workforce continued to form the largest employee category.

• Attrition stood at 14%, reflecting ongoing investments in organisational restructuring, capability enhancement and future growth readiness.

Looking Ahead: Entering FY2026-27 with Confidence

The strong recovery witnessed during Q4 FY26, coupled with a record order book of 1,754 Cr, increasing adoption of the Mappls ecosystem, accelerating IoT SaaS revenues and expanding government and enterprise opportunities, provides a strong foundation for future growth.

Key growth drivers include:

• Rising penetration of connected, electric and software-defined vehicles.

• Increasing adoption of AI-powered geospatial technologies.

• Continued digital transformation across enterprises and government organisations.

• Expansion of recurring SaaS and subscription revenues.

• Growing consumer adoption of the Mappls platform and ecosystem.

MapmyIndia remains well-positioned to capitalize on Indias accelerating digital transformation journey while continuing to create long-term value for all stakeholders.

Treasury Management

Investment Management Committee

The surplus fund of C.E. Infosystem is professionally managed by experienced professionals who specialize in their respective fields across fixed income, research, alternates & risk management. The Committee comprises

6 members. Namely Mr. Rakesh Verma Co-Founder, Chairman & Managing Director, Ms Rakhi Prasad Director, Mr. Anuj Jain CFO and members from the Investment

Advisory firm, namely Nuvama Wealth Management Ltd. They meet every fortnight to discuss market conditions, events and economic forecasts and provide their input on optimal portfolio allocations across asset classes with various maturity buckets.

Market Update for FY 2025-26

FY2026 was a year of high volatility and changing market leadership. The year began with optimism around domestic growth, easing inflation, tax relief, and RBI rate cuts, but ended on a weaker note due to foreign investor outflows, geopolitical tensions in West Asia, and concerns over Indias limited participation in the global AI-driven rally.

Major Developments During FY26

• RBI Rate-Cut Cycle Supported Markets: RBI cut the repo rate multiple times during FY2026. The repo rate fell from 6.25% in April 2025 to 5.25% by December

2025, representing cumulative easing of 125 bps since February 2025.

• Strong Domestic Flows Offset FPI Selling: One of the defining features of FY2026 was the divergence between domestic and foreign investors. Domestic mutual fund SIP companies and domestic institutions acted as stabilizers.

• Corporate Earnings Recovery: Corporate earnings improved through FY2026 driven by Banking and Financials, Metals, Oil Marketing Companies. Nifty companies reported profit growth ahead of analyst expectations in the March 2026 quarter

• Fiscal Discipline Maintained: A significant positive macro development was that India met its FY2026 fiscal deficit target of 4.4% of GDP. This reinforced confidence in Government Finances, Sovereign borrowing outlook and Long-term macro stability.

• Record-Breaking IPO Activity: The biggest capital market story of FY2026 was the strength of the primary market. Approximately 108 mainboard companies raised around 1.76 lakh crore through

IPOs during FY2026 and the number of IPOs reached historic highs despite increased market volatility.

Indian 10 Year Benchmark

• The benchmark yield started FY2026 near 6.46% and fell to around 6.21% by May 2025 as markets priced in aggressive monetary easing by the RBI.

• After the sharp rally, yields largely traded between 6.45% and 6.65% and at the end of calendar 2025, the benchmark yield was around 6.59%, having declined about 17-basis points during the year.

• However, the most dramatic move occurred in the finalquarter of FY2026 with the 10-year yield climbing sharply and crossing the psychologically important 7% level. By the end of March 2026, it had reached a 20-month high, with March alone seeing one of the largest monthly increases in nearly a decade.

Strategic Portfolio Execution: FY 2025-26

The portfolios investment strategy throughout the fiscalyear was meticulously structured into two distinct phases, designed to mitigate interest rate volatility while optimizing risk-adjusted returns without compromising credit quality or liquidity.

Phase 1 (H1 FY26): Defensive Accrual & Liquidity Preservation

In the early part of the fiscal year, anticipating potential market shifts, the portfolio adopted a highly defensive stance focused on an accrual strategy.

• Tactical Allocation: Capital was deployed into high-yielding, short-term bonds with maturities under one year.

• Strategic Objective: By minimizing portfolio duration, the strategy insulated the funds capital from the adverse impacts of rising interest rates.

• Liquidity Optionality: This short-term positioning ensured peak liquidity and high capital preservation, ready to be deployed as attractive, long-term investment entry points emerged.

Phase 2 (H2 FY26): Yield Enhancement & remainedrobust.Insurance Duration Management

As interest rates began their upward trajectory in the second half of the fiscal year, the strategy pivoted dynamically to capture higher yields and position the portfolio for capital appreciation.

• Asset-Heavy Instruments (InVITs): Exposure was increased in Infrastructure Investment Trusts (InvITs) to back the portfolio with cash-flow-generating, asset-heavy structures. This locked in superior yields and positioned the portfolio to benefit from potential underlying asset price appreciation.

• Duration Alignment via SDL Auctions: To build out the portfolios duration profile at more attractive yield levels, we actively participated in primary State

Development Loan (SDL) auctions. This allowed for precise duration management at an optimal risk premium.

Core Portfolio Guardrails

Throughout both market phases, two non-negotiable risk parameters guided all investment decisions:

• Credit Discipline: Credit rating standards were strictly upheld; no compromises were made on credit quality to chase marginal yields.

• Liquidity Mandate: Portfolio liquidity always remained fully intact, ensuring the agility required to navigate evolving fixed-income cycles.

From the total Invested portfolio of Rs 544.6 crs we were able to generate an approx. income of Rs 48.9 crs which comprises of the following instruments.

Instrument Type	% Allocation
Fixed Deposit	20%
Bond Portfolio	28%
SDL Index Funds	24%
Arbitrage Fund	15%
Invit	10%
VDF/AIF/ Others	3%

More than 93% of the portfolio is invested in AA and above rating.

Sovereign	24%
AAA	13%
AA+	15%
AA	3%
A+	7%
Arbitrage	15%
Fixed Deposit	20%
Others	3%

Our whole strategy played out very well, Despite the unpredictability and turbulence in the market, our investment strategy and risk management practices have enabled us to build a safe sustainable portfolio.

Overall, we consider our Treasury Fund to be an indispensable element of our financial strategy, and we remain steadfast in our commitment to managing it responsibly and transparently. We will continue to keep you updated on the funds progress in future annual reports and look forward to sharing our advancements with you.

DIRECTORS REPORT

Dear Members,

Our Directors have pleasure in presenting the 31st (thirty first) Annual Report, together with the audited financial statements of the Company for the year March 31, 2026.

1. Financial Summary & Highlights:

In compliance with the provisions of the Companies Act, 2013 (hereinafter referred to as “the Act”) and SEBI (Listing Obligations and Disclosure Requirements)

Regulations, 2015 (hereinafter referred to as the “Listing Regulations”), the Company have prepared its Standalone and Consolidated Financial Statements as per Indian Accounting Standards (“IND AS”) for the Financial Year 2025-26 and the financial highlights are as summarized below:

Results of Your Companys operations and Companys Performance:

(Rs. In Lakhs)

	Standalone		Consolidated
Particulars	For the year ended March 31		For the year ended March 31
	2026	2025	2026	2025
I. Revenue From Operations	40,074	38,387	47,410	46,325
II. Other Income	5,708	5,174	5,240	5,244
III. Total income (I + II)	45,782	43,561	52,650	51,569
IV. Expenses
Operating Expenses	3,890	3,306	6,033	5,673
Employee Benefits Expenses	4,619	6,175	9,079	8,352
Finance Costs	104	73	178	317
Depreciation and Amortisation Expenses	1,737	1,019	3,042	1,958
Admin & Other Expenses	16,300	12,351	14,747	14,309
Total Expenses (IV)	26,650	22,924	33,079	30,609
V. Profit/(Loss) Before Exceptional Items and Tax (III-IV)	19,132	20,637	19,571	20,960
VI. Share of loss of Associates & JV	0	0	(674)	(391)
VII. Profit/(Loss) before tax (V+VI)	19,132	20,637	18,897	20,569
VIII. Tax expenses	5,339	5,635	5,495	5,810
IX. Profit/(Loss) for the period/year after tax (VII - VIII)	13,793	15,002	13,402	14,759
X. Basic Earnings Per Share	25.25	27.56	24.56	27.05
XI. Diluted Earnings Per Share	25.15	27.28	24.46	26.77

2. Financial Performance: a. Revenue & Profit Standalone

On a standalone basis, the Company recorded Revenue from Operations of Rs. 40,074 lakhs during FY 2025–26 as compared to Rs. 38,387 lakhs in FY 2024–25, registering a growth of 4.40%, reflecting steady business performance and continued operational momentum.

During the year under review, the Profit Before Tax and Exceptional

Items stood at Rs. 19,132 lakhs as against Rs. 20,637 lakhs in the previous financial year. Profit After Exceptional Items and Tax stood at Rs. 13,793 lakhs for FY 2025–26 compared to Rs. 15,002 lakhs in FY

2024 25. While profitability witnessed moderation during the year, the Company continued to maintain a strong earnings profile supported by stable operations and prudent financial management. b. Revenue & Profit Consolidated

On a consolidated basis, the Company achieved Revenue from Operations of Rs. 47,410 lakhs during FY 2025–26 as compared to Rs. 46,325 lakhs in FY 2024–25, registering a growth of 2.34%, demonstrating resilience and sustained business performance during the year under review.

The Profit Before Share of Profit/(Loss) of Associate & Joint Venture and Tax stood at Rs. 19,571 lakhs in FY 2025–26 as against Rs. 20,960 lakhs in the previous financial year. Further, Profit After Share of Profit/ (Loss) of Associate & Joint Venture and Tax stood at Rs. 18,897 lakhs as compared to Rs. 20,569 lakhs in FY 2024 25. While profitability witnessed a moderate decline during the year, the Company continued to maintain a strong financial operational performance and a focused business approach.

3. Operations During the Year:

C.E. Info Systems Limited (popularly known as MapmyIndia and operating globally under the Mappls brand) was founded in 1995 by Mr. Rakesh Verma and Mrs. Rashmi Verma with the vision of building Indias indigenous digital mapping and geospatial technology ecosystem at a time when no comprehensive digital maps existed in the country. Their pioneering efforts in developing Indias first digital maps laid the foundation for one of the countrys leading deep-tech geospatial and location intelligence companies. Over the years, the Company has evolved into a leading provider of digital mapping, geospatial software, navigation, and location-based

IoT technologies, serving enterprises, automotive OEMs, government organizations, developers, and consumers in India and international markets. The Company offers proprietary Digital Maps as a Service (MaaS),

Platform as a Service (PaaS), and Software as a Service (SaaS), along with advanced APIs, navigation systems, geospatial analytics, AI/ML-powered mapping solutions, and IoT platforms. The Company operates under the ‘MapmyIndia brand in India and the ‘Mappls brand globally, with offerings spanning digital maps, navigation, telematics, real-time tracking, geospatial analytics, mobility solutions, and enterprise digital transformation. Its technology platforms include Mappls

App, Mappls APIs and SDKs, NaviMaps, IoT and telematics solutions, GIS and analytics platforms, and automotive navigation suites. The Company has also expanded into drone technologies and AI-driven geospatial solutions to support smart mobility and digital infrastructure initiatives.

The Company primarily operates through two business segments: Consumer Tech & Enterprise Digital Transformation (C&E) and Automotive & Mobility position backed by stable Tech (A&M). Its offerings are broadly categorized into map-led and IoT-led solutions, enabling location intelligence across sectors such as automotive, logistics, e-commerce, telecom, BFSI, mobility, and government.

The Company continues to strengthen its market presence through strategic partnerships, technology innovation, and expansion of its SaaS and subscription-based offerings.

FY2026 concluded with steady revenue growth and resilient financial performance, despite a marginal moderation in margins and profitability during the year. Consolidated Revenue from Operations increased year-on-year to approximately 47,410 lakhs, while Consolidated Profit After Tax (PAT) stood at 13,402 lakhs.

The Company continued to maintain a strong profitability profile, with at 37% and PAT margin at 26% for FY2026, reflecting the strength of its business fundamentals, operational discipline, and ability to navigate evolving market conditions effectively.

The details of our operations and business during the year are given separately in Management Discussion & Analysis report forming part of this Annual Report.

4. Future Outlook:

The Company remains optimistic about its long-term growth prospects, supported by a strong and expanding order pipeline, increasing adoption of its products and platforms, a growing range of use cases across industries and customer segments, and a robust business model with increasing contribution from recurring SaaS and subscription-based revenues. The Open Order Book grew by approximately 17%, increasing from 1,500 crore at the end of FY2025 to 1,754.4 crore at the end of FY2026, providing revenue visibility of approximately 3 4 years and reinforcing confidence in the Companys long-term growth trajectory.

The Company continues to witness rising adoption of its digital maps, geospatial technologies, navigation platforms, APIs, AI-powered geospatial solutions and IoT-led offerings across automotive, enterprise, government, logistics, mobility and consumer sectors. The growing scale of the Mappls ecosystem, increasing user engagement and application downloads, together with rising penetration of connected, electric and software-defined vehicles and continued digital transformation initiatives across enterprises and government organisations, further strengthen the Companys position as Indias leading indigenous geospatial and deep-tech platform provider. Going forward, the Company will continue to strengthen its technology leadership through sustained investments in innovation, research & development, and next-generation digital mapping, geospatial intelligence,

AI, Digital Twin technologies, real-time mapping, advanced navigation systems, integrated IoT and connected mobility platforms. The Company remains focused on expanding its proprietary technology stack comprising digital maps, software platforms, APIs, analytics and mobility solutions to address evolving customer requirements and emerging opportunities in the geospatial ecosystem.

On the business front, the Company aims to deepen relationships with existing customers while expanding its presence across new enterprises, industries, government initiatives and international markets. The Company also continues to evaluate strategic partnerships, investments and selective acquisition opportunities that enhance its technological capabilities, broaden market access, accelerate innovation and support expansion into adjacent business segments and geographies.

The Company firmly believes that its employees are its greatest asset and remains committed to attracting, developing and retaining exceptional talent. By fostering a culture of innovation, collaboration and continuous learning, supported by a clear strategic roadmap and strong execution capabilities, the Company is well positioned to deliver sustainable long-term growth and create enduring value for all stakeholders.

5. EPS:

Basic Earnings Per Share (EPS) on a Standalone basis stood at 25.25 for FY2025-26, compared to 27.56 in the previous financial year and on a

Consolidated basis, Basic EPS stood at 24.56 for FY2025-26, as against 27.05 in FY2024-25.

6. Transfer to Reserves:

The Company has not transferred any amount to General Reserve during the financial year under review.

7. Dividend:

The Board of Directors at their meeting held on May 19, 2026, has recommended the payment of Final Dividend Rs. 3.50/- (175%) per equity share having face value of Rs. 2.00/- (Rupee Two only) each for the financial year 2025-26 aggregating to Rs. 19,16,63,696/-. The payment of dividend is subject to the approval of the shareholders at the ensuing Annual General Meeting (“AGM”) of the Company.

Dividend Distribution Policy

The Board of your Company in its Meeting held on July 27, 2021 has approved the Dividend Distribution Policy containing the parameters mentioned in Regulation 43A(2) of the Securities and Exchange

Board of India (Listing Obligations and Disclosure Requirements)

Regulations, 2015. The same is available in the website of the Company at www.mapmyindia.com/investor/mmi_polices/dividend_distribution_ policy.pdf

8. Deposits:

The Company has not accepted any deposits during the year which come under the purview of Section 73 of the Companies Act, 2013.

9. Subsidiary, Joint Venture and Associate Companies:

During the year under review, the Company has three (3) Subsidiaries, two

(2) Associate Companies and one (1) Joint Venture (JV) Company: 1) Mappls DT Private Limited (formerly known as Vidteq (India) Private Limited) (Mappls DT):

Mappls DT is engaged in the business of digital mapping, geospatial technologies, and location-based solutions. The company focuses on providing advanced mapping platforms, navigation services, APIs, geospatial analytics, and digital transformation solutions for enterprises, government organizations, and mobility ecosystems.

The Company has acquired 100% shareholding of Mappls DT Private Limited (formerly known as Vidteq (India) Pvt. Ltd.) on July 31, 2017.

Hence the said Company is a wholly owned Subsidiary of our Company w.e.f. July 31, 2017.

In terms of the provisions of the SEBI (Listing Obligations and

Disclosure Requirements) Regulations, 2015, Mappls DT became a material subsidiary of the Company w.e.f. April 1, 2026.

2) Gtropy Systems Private Limited (Gtropy):

Gtropy is engaged in providing GPS-based fleetmanagement and logistics intelligence solutions. The company focuses on vehicle tracking, fleetoperations management, and data-driven analytics to help businesses improve efficiency, visibility, and control across transportation and supply chain operations.

Gtropy has established itself as one of the most trusted GPS Vehicle

Tracking Solution providers among their esteemed partners and well-satisfied customers. The Company has acquired 75.98% Shareholding in Gtropy Systems Pvt. Ltd. making it a Subsidiary of the Company w.e.f. February 4, 2022. Further, during the year under review, the company acquired 20.02% stake in Gtropy Systems Pvt. Ltd. increasing its total shareholding to

96.00%.

In terms of the provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Gtropy became a material subsidiary of the Company w.e.f. April 1, 2023.

3) C.E. Info Systems International Inc. (C.E. International):

C.E. International is engaged in the business of, among other things, selling MapmyIndias products and services in the international market as a reseller.

The Company has acquired 100% shareholding of C.E. International on April 6, 2018. Hence the said Company is a Wholly Owned Subsidiary of our Company w.e.f. April 6, 2018.

4) Kogo Tech Labs Private Limited (Kogo):

KOGO is a full Stack Private Agentic AI Operating System and Interface for Enterprise. Operating in the B2B2B segment KOGO OS is the backbone on which company build manage & deploy AI Agentic systems to run their business. Kogo operates on a PaaS as well as SaaS model and is focussed on Enterprise and Mid-Market segments. Kogos client roster includes large enterprise customers like TechM, Coforge,

HPE, Accenture, OHC Aviation, Michelin, LSG, Bank of Baroda and the Indian Army. KOGOs B2B AI Mobility stack also powers brands such as

Bajaj, KTM, Hero, TVS, Motodrive South America, Jawa and Yezdi.

Due to its 100% private design, KOGO AI has now the flagship

Sovereign Agentic AI OS and is considered to be Indias answer to

Claude Cowork, Perplexity Computer and GPT Codex.

The Company holds 40.17% shareholding on fully diluted basis in Kogo

Tech Labs Private Limited as on the date of this report making it an

Associate of our Company.

5) PT Terra Link Technologies (TLT):

The Company has incorporated a Joint Venture (JV) Company with

40% holding in Indonesia with Hyundai AutoEver Corporation (HAE) under the name of PT Terra Link Technologies for the purpose of developing business in South-East Asia w.e.f. November 8, 2024. The

JV was incorporated with an initial capital of IDR 164,270,000,000 and the Company investedIDR 65,708,000,000. PT Terra Link Technologies is engaged in the manufacture of drones, high-resolution data analytics, and development of end-to-end solutions leveraging drones, IoT, and other sensors to drive digitisation across sectors such as agriculture, mining, energy, telecom, infrastructure, construction, disaster management, defence and homeland security, surveillance, and monitoring.

6) Prashanth Advanced Survey LLP (Prashanth):

Prashanth is engaged in providing comprehensive land surveying and advanced geospatial mapping solutions. The company specializes in 3D geospatial services, including land surveying, mapping, and GIS-based solutions tailored to diverse project requirements.

It leverages state-of-the-art technologies such as survey-grade 3D mobile LiDAR, backpack LiDAR, UAV/drone-based LiDAR scanning, dual-frequency DGPS/GNSS, high-resolution satellite imagery, digital twin solutions, and customized GIS platforms to deliver precise and data-driven geospatial insights.

The Company became a 20% partner in Prashanth Advanced Survey

LLP w.e.f February 13, 2026 making it an Associate of our Company.

Pursuant to the provisions of Section 129(3) of the Companies Act, 2013, a statement containing the salient features of financial statements of

Subsidiary and Associate Companies in Form AOC 1 is attached as an

Annexure 1.

In accordance with the third proviso of Section 136(1) of the Companies Act, 2013, the Annual Report of the Company, containing therein its standalone and the consolidated financial statements have been placed on the website of the Company, www.mapmyindia.com

10. DIRECTORS, KEY MANAGERIAL PERSONNEL AND SENIOR

MANAGERIAL PERSONNEL:

The Board consists of following Directors as on the date of this report:

Sr. No.	Name of Directors	Category of Directors
1	Mr. Rakesh Kumar Verma	Chairperson cum Managing Director
2	Mrs. Rashmi Verma	Executive Director, CTO and CHRO
3	Mr. Rohan Verma*	Joint Managing Director
4	Ms. Rakhi Prasad	Non-Executive Director
5	Mr. Shambhu Singh	Non-Executive Independent Director
6	Mr. Anil Mahajan	Non-Executive Independent Director
7	Ms. Tina Trikha	Non-Executive Independent Director
8	Mr. Rajagopalan Sundar	Non-Executive Independent Director
9	Dr. Ranjan Kumar Mohapatra	Non-Executive Independent Director

*Appointed as Joint Managing Director on June 30, 2026 to be effective from July 1, 2026.

No changes occurred in the Directorship of the Company during the year under review.

In terms of Section 203 of the Act, the following are the Key Managerial

Personnel (KMPs) of the Company as on the date of this report:

Sr. No.	Name of the KMPs	Designation
1	Mr. Rakesh Kumar Verma	Managing Director
2	Mr. Rohan Verma*	Joint Managing Director
3	Mr. Anuj Kumar Jain	Chief Financial Officer (CFO)
4	Mr. Saurabh Surendra Somani	Company Secretary & Compliance

*Mr. Rohan Verma was designated as KMP on June 30, 2026 to be effective from July 1, 2026.

In terms of Regulation 16(1)(d) of the SEBI (LODR) Regulation, 2015,

the following are the Senior Management Personnel (SMPs) of the

Company as on date of this report:

Sr. No.	Name of the SMPs	Designation
1	Anuj Kumar Jain	Group Chief Financial Officer Company Secretary &
2	Saurabh Surendra Somani	Compliance Officer, Group
3	Sapna Ahuja	Companies President Automotive Business & Chief Operating Officer
4	Ankeet Bhat	President, Enterprise Business

Meetings of the Board & their attendance:

During the Financial Year 2025-26, the Board of Directors met 6 (Six) times on May 9, 2025, June 24, 2025, August 7, 2025, November 10,

2025, January 12, 2026 and February 13, 2026, the details of which are given in the Corporate Governance Report attached to this Annual Report in respect of which meetings proper notices were given and the proceedings were properly recorded. The intervening gap between any two meetings of the Board of Directors was within the period prescribed under the Companies Act, 2013.

Policy on Directors appointment and remuneration and other details:

The Companys policy on Directors appointment and remuneration including criteria for determining qualifications, positive attributes, independence of a Director and other matters provided in

Section 178(3) and Section 134(3)(e) of the Act is available at https://www.mapmyindia.com/investor/mmi_polices/nomination_ and_remuneration_policy.pdf Policy on Board Diversity:

The Company recognizes and embraces the benefits of having a diverse board, and sees increasing diversity at board level as an essential element in maintaining a competitive advantage. A truly diverse board will include and make good use of differences in the skills, regional and industry experience, background, race, gender and other distinctions between directors. These differences will be considered in determining the optimum composition of the board and when possible should be balanced appropriately. All board appointments are made on merit, in the context of the skills, experience, independence and knowledge which the board as a whole requires to be effective.

The Nomination and Remuneration Committee reviews and assesses board composition on behalf of the board and recommends the appointment of new directors. The committee also oversees the conduct of the annual review of board effectiveness.

The said Committee has adopted a formal policy on Board diversity which sets out a framework to promote diversity on Companys Board of Directors.

Board Evaluation:

The Board of Directors were required to carry out an annual evaluation of its own performance, board committees, and individual directors pursuant to the provisions of the Act and SEBI Listing Regulations. Based on the guidance note on Board Evaluation issued by the Securities and Exchange Board of India on January 5, 2017, a structured questionnaire was prepared after taking into consideration the various aspects of the Boards functioning, composition of the Board and its

Committees, culture, execution and performance of specific duties, obligations and governance.

In a separate meeting of Independent Directors, the performance of Non-Independent Directors, the board as a whole and the Chairman of the Company was evaluated, taking into account the views of Executive Directors and Non-executive Directors.

The Board and the Nomination and Remuneration Committee reviewed the performance of individual directors on the basis of criteria such as the contribution of the individual director to the board and committee meetings like preparedness on the issues to be discussed, meaningful and constructive contribution and inputs in meetings, etc.

In the Board meeting that followed the meeting of the independent directors and meeting of the Nomination and Remuneration Committee, the performance of the Board, its Committees, and Individual Directors was also discussed. Performance evaluation of Independent Directors was done by the entire board, excluding the

Independent Director being evaluated.

11. Details of Committees:

A. Audit Committee Meetings of Committee & Attendance of Members:

The Audit Committee was constituted by the Board in their meeting held on July 27, 2021. The Committees composition meets with requirements of Section 177 of the Companies Act, 2013 and Regulation

18 of the Listing Regulations, 2015. Members of the Audit Committee possess financial / accounting expertise / exposure. The purpose of this Committee is to ensure the objectivity, credibility and correctness of the Companys financial reporting and disclosures process, internal controls, risk management policies and processes, tax policies, compliance and legal requirements and associated matters.

At Present, the Audit Committee consists of the following members as members having wide experience and knowledge of Corporate Affairs, Finance & Accounts.

Name of the Directors	Designation	Nature of Directorship
Mr. Shambhu Singh	Chairperson	Non-Executive Independent Director
Mr. Anil Mahajan	Member	Non-Executive Independent Director
Mr. Rakesh Kumar Verma	Member	Executive Director

year had been accepted by the Board.

Six (6) meetings were conducted during the year on May 8, 2025, June 24, 2025, August 6, 2025, November 7, 2025, January 12, 2026 and February 12, 2026 in respect of which proper notices were given and the proceedings were properly recorded. The terms of reference of the

Audit Committee and details of their meetings are provided separately in the Corporate Governance Report forming part of this report.

B. Nomination and Remuneration Committee Meetings of Committee & Attendance of Members:

The Nomination & Remuneration Committee was constituted by the Board w.e.f July 31, 2021. The Nomination and remuneration Committee consists of the following members as on date of this Report:

Name of the Directors	Designation	Nature of Directorship
Mr. Anil Mahajan	Chairperson	Non-Executive Independent Director
Ms. Tina Trikha	Member	Non-Executive Independent Director
Mr. Shambhu Singh	Member	Non-Executive Independent Director
Dr. Ranjan Kumar Mohapatra*	Member	Non-Executive Independent Director

*Appointed w.e.f. May 19, 2026

The performance evaluation criteria for independent directors are determined by the Nomination and Remuneration Committee. An indicative list of factors on which evaluation was carried out includes participation and contribution by a Director, commitment, effective deployment of knowledge and expertise, integrity and maintenance of confidentiality and independence of behavior and judgment. The Remuneration policy of the Company on Directors appointment and remuneration, including the criteria for determining qualifications is available on https://www.mapmyindia.com/investor/mmi_polices/ nomination_and_remuneration_policy.pdf

Four (4) meetings were conducted during the year on May 9, 2025, August 7, 2025, November 10, 2025 and February 26, 2026 in respect of which proper notice was given and the proceedings were properly recorded. The terms of reference of the Nomination & Remuneration

Committee and details of their meetings are provided separately in the Corporate Governance Report forming part of this report.

C. Stakeholder Relationship and Grievance Committee Meetings of Committee & Attendance of Members:

The Stakeholders Relationship and Grievance Committee was constituted by the Board in their meeting held on July 27, 2021.

The Stakeholder Relationship Committee consists of the following members as on date of this Report:

Name of the Directors	Designation	Nature of Directorship
Ms. Rakhi Prasad	Chairperson	Non-Executive, Non- Independent Director
Mr. Rakesh Kumar Verma	Member	Executive Director
Mr. Rajagopalan Sundar	Member	Non-Executive Independent Director

During the year under review, One (1) meeting was conducted on March 23, 2026. The terms of reference of the Stakeholders

Relationship Committee and details of their meetings are provided separately in the Corporate Governance Report forming part of this report.

D. Corporate Social Responsibility Committee Meetings of Committee & Attendance of Members:

The Corporate Social Responsibility Committee was formed by the

Board on April 25, 2016 and the said Committee was re-constituted by the Board in their meeting held on July 27, 2021 and June 21, 2024. The

CSR Committee consists of the following members as on date of this Report:

Name of the Directors	Designation	Nature of Directorship
Mr. Rakesh Kumar Verma	Chairperson	Executive Director
Ms. Rakhi Prasad	Member	Non-Executive - Non Independent Director
Ms. Tina Trikha	Member	Non-Executive Independent Director
Mrs. Rashmi Verma	Member	Executive Director

The brief outline of the Corporate Social Responsibility (CSR) Policy of the Company and the initiatives undertaken by the Company on CSR activities during the year are set out inAnnexure 2 of this report in the format prescribed in the Companies (Corporate Social Responsibility

Policy) Rules, 2014. The policy on CSR is available on the website of the

Company at www.mapmyindia.com

One (1) meeting of the CSR Committee was conducted during the year on June 24, 2025 in respect of which proper notice was given and the proceedings were properly recorded. The terms of reference of the Corporate Social Responsibility Committee and details of the meetings are provided separately in the Corporate Governance Report forming part of this report.

E. Risk Management Committee Meetings of Committee & Attendance of Members:

Pursuant to Section 134(3)(n) of the Companies Act, 2013 and

Regulation 21 of SEBI (LODR) Regulations, 2015, the Company has constituted a Risk Management Committee vide its Board Meeting held on July 27, 2021. The Risk Management Committee consists of the following members as on date of this Report:

Name of the Directors	Designation	Nature of Directorship
Mr. Rohan Verma**	Chairperson	Joint Managing Director
Mr. Rajagopalan Sundar	Member	Non-Executive Independent Director
Dr. Ranjan Kumar Mohapatra	Member	Non-Executive Independent Director
Mr. Rakesh Kumar Verma*	Member	Managing Director

*Appointed w.e.f. May 19, 2026

**Designated as Joint Managing Director on June 30, 2026 to be effective from July 1, 2026.

The objective of this Committee is to review various risks faced by the

Company and advises the Board on risk mitigation plans.

During the year under review, Two (2) meetings were conducted on June 24, 2025 and January 20, 2026. The terms of reference of the Risk

Management Committee and details of their meetings are provided separately in the Corporate Governance Report forming part of this report.

Risk Management Framework

The Company has robust systems for Internal Audit and Risk assessment and mitigation. At the start of the year, the audit plan, is approved by the audit committee. Further, summary of key findings is presented to the Audit committee from time to time.

With unprecedented changes in business environment, Companies are operating in an environment of volatility and uncertainty, but our strong Governance and business structure, with stakeholder interest at the core, makes us cognizant of these risks and uncertainties that our businessfaces.TheCompanyonaperiodicbasisidentifiesthese uncertainties and after assessing them, formulates short-term and long-term action plans to mitigate any risk which could materially impact the Companys long-term goals and Vision.

12. Annual Return:

The annual return as provided under sub-section (3) of Section 92 as at March 31, 2026 is available at the Companys website at www.mapmyindia.com 13. Revision of Financial Statements or Boards Report:

The Board of Directors of the Company has not revised the Financial Statements and Boards report for the

14. Particulars of Loans, Guarantee or Investments Under Section 186:

During the year under review, your Company has given loans and made investments in compliance with the provisions of Section 186 of the Companies Act, 2013. The details of Loans given, and Investments made by the Company under section 186 of the Companies Act, 2013 form part of the notes to Financial Statement provided in Annual Report.

15. Contracts and Arrangements With Related Parties:

The company has entered into contracts and arrangements with related parties during the year under review, which falls under the purview of Section 188 of the Companies Act, 2013 and the details of these transactions with related parties in form AOC-2 is attached as

Annexure-3.

16. Material Changes and Commitments, Affecting the Financial Position of the Company Which Have Occurred Between the End of the Financial Year of the Company to Which the Financial Statements Relate and the Date of the Report:

The following changes occurred in the roles of Director/Senior

Management Personnel of the Company subsequent to the closure of the Financial Year till the date of signing of the report: a. Mr. Rohan Verma (DIN:01797489) was appointed as Joint Managing

Director & KMP on June 30, 2026 to be effective from July 1,

2026. b. Mrs. Rashmi Verma (DIN: 00680868), Whole Time Director, was assigned additional role of Chief Human Resources Officer of the

Company. c. Mr. Shishir Kumar Verma was assigned to look after the role of Chief

OperatingOfficer (COO) of Gtropy Systems Private Limited and also to oversee Human Resources functions as CHRO for Gtropy Systems

Private Limited and Mappls DT Private Limited, subsidiaries of the company. d. Mr. Rishin Kalra was assigned the role of CTO of Gtropy Systems Pvt.

Ltd.

Except these, no other material changes occurred in the Company after the end of the Financial Year and as on date of the Board Report, which will affect the financial position of the Company.

17. Change in Business Activities:

There was no change in the nature of business of the Company.

18. Particulars of Employees:

With reference to Section 136(1) this annual report is circulated without the statement pertaining to disclosures relating to remuneration and other details as required under Section 197(12) of the Act read with

Rule 5(2) and 5(3) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014. Any member interested in obtaining such information may write to the Company Secretary or email at cs@mapmyindia.com. There are a total 408 employees in the Company as at March 31, 2026, out of which 336 are male & 72 are female employees.

The information required under Section 197 of the Act read with rule

5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 has been given by way of Annexure-4 to this Report.

19. Capital Structure and Listing:

As on March 31, 2026, the Company has Authorised Share Capital of

Rs. 1,62,08,21,810/- and Paid Up Share Capital of Rs. 10,95,22,112/-. The equity shares of the Company are listed with Bombay Stock Exchange Limited (BSE) and National Stock Exchange of India Limited (NSE) w.e.f. December 21, 2021. The Company has already paid the listing fees to both the Stock Exchanges and there are no arrears on account of payment of listing fees to the said Stock Exchanges.

The Promoter and Promoter Group hold 51.41% share capital of the Company as on March 31, 2026.

A. Sweat Equity shares:

The Company has not issued any sweat equity shares during the financial year under review.

B. Issue of further Share Capital under Employee Stock Option scheme:

The Company has allotted 3,01,590 equity shares on August 7, 2025 and 39,391 equity shares on March 6, 2026 pursuant to ESOP respectively under the ESOP Policy-2008 of the Company. Further, in accordance with the Companies (Share Capital and Debentures) Rules, 2014, the details of the companys Employee Stock Option Scheme 2008 during the year are as follows: year under review.

1. Number of stock options granted: 3500 2. Number of stock options vested: 340981 3. Number of stock options exercised: 340981

4. Total number of shares arising as a result of exercise of option: 340981

5. Number of options surrendered : 4546 6. Number of options lapsed: Nil

7. The exercise price: Rs. 12.15

8. Variation of terms of options: Nil

9. Money realized by exercise of options: Rs. 41,42,919.15/- 10. Total number of options in force: 2,27,055

During the year under review, clause 3(d) pertaining to “Temination with cause” was amended by shareholders through Postal Ballot. Except above there are no material changes other than mentioned above, in the Scheme during the financial year ended March 31,

2026 and the Scheme is in compliance with the SEBI (Share Based

Employee Benefit and Sweat Equity) Regulation, 2021. The details as required under Part F of Schedule II pursuant to Regulation 14 of the

SEBI (Share Based Employee Benefit and Sweat Equity) Regulation,

2021, is available in the Companys website at www.mapmyindia.com

C. Buy back of Shares

During the year under review, the Company has not made any offer to buy back its shares.

20. Energy Conservation, Technology Absorption and Foreign Exchange Earnings and Outgo:

The information in accordance with the provisions of Section 134 of the Companies Act, 2013 read with Rule 8(3) of the Companies (Accounts)

Rules, 2014 is as follows:

A. Conservation of Energy:

The steps taken or impact on conservation of energy: Energy conservation continues to remain a key focus area for the Company and is actively monitored on an ongoing basis. The adoption of various energy-efficient practices has contributed to cost optimization while reinforcing the Companys commitment to sustainability.

The steps taken by the company for utilising alternate sources of energy: As part of its initiatives, the Company has implemented automated systems across its offices to ensure that lighting and computer monitors are switched off when not in use, thereby reducing unnecessary energy consumption. In addition, the Company continuously evaluates new opportunities for energy savings and undertakes appropriate investments wherever required.

The capital investment on energy conservation equipments:

Energy efficiency remains an evolving priority, and the Company is committed to consistently identifying and implementing measures that help reduce energy usage and promote sustainable operations.

B. Technology absorption

Our internal IT organization, which supports and manages various enterprise applications, and has been an early and proactive adopter of AI-led transformation. We have adopted a multi-pronged strategy to make our network and computer workload energy-efficient and environmentally friendly. The Company has implemented energy-saving IT policies that automatically place PCs and monitors into sleep mode after a defined period of inactivity, energy. These measures have contributed to a reduction in overall electricity consumption and associated costs, although the precise savings are not quantifiable.

The Company does not rely on any imported technology specifically for energy conservation and continues to optimize energy usage through in-house policies and operational practices.

C. Foreign exchange earnings and Outgo:

	Current Year	Previous Year
Particulars	(Rs. in Lakhs)	(Rs. in Lakhs)
	(2025-26)	(2024-25)
Foreign Exchange	10,344	15,289
Earning
Foreign Exchange Outgo	1,322	749

21. Transfer of Amounts to Investor Education and Protection Fund:

Pursuant to the provisions of Section 125 of the Companies Act, 2013, there is no amount which remained unpaid or unclaimed for a period of seven years which is to be transferred by the Company, from time to time on due dates, to the Investor Education and Protection Fund. iencies were

22. Corporate Governance and Management Discussion & Analysis Report:

A separate section on Corporate Governance practices followed by the Company, together with a certificate from a Practising Company Secretary confirming its compliance, is annexed asAnnexure 5, as per SEBI Regulations. Further, as per Regulation 34 read with Schedule

V of the Listing Regulations, a Management Discussion and Analysis Report forms part of this Annual Report.

23. Human Resource Development:

The Company is a people-focused organisation committed to providing a strong employee experience supported by continuous learning, career development, and internal mobility. Its Employee Value Proposition encourages skill enhancement and growth opportunities, enabling employees to build diverse and progressive career paths within the organisation. A values-driven culture anchored in integrity, excellence, collaboration, and respect fosters a high-performance and inclusive workplace.

The Company follows a structured and agile talent approach, focusing on merit-based compensation, workforce diversity, and equal opportunity practices. Continuous learning, re-skilling, and employee wellbeing remain key priorities, supported by various health and engagement initiatives. By nurturing internal leadership and strengthening succession planning, the Company has built a stable and future-ready talent base that supports long-term growth and organisational continuity.

24. Segment Reporting:

The Company has only one business segment, i.e. Map data and Map data related services (GPS navigation, location-based services and

IoT). This business mainly consists of products like digital map data,

GPS navigation and location-based services, licensing, royalty, annuity, subscription and customizing its products to customers.

25. Statutory Auditors:

1. Appointment

M/s. MSKA & Associates LLP, Chartered Accountants, (ICAI Firm Registration No. 105047W/W101187) are the Statutory Auditors of the Company for the Financial Years ended March 31, 2026 to March 31, 2030.

2. Report

There are no explanations and comments required to be given by the Board as the auditors report given by auditors of the Company adverse remarks for doesnt contain any qualification, the Financial Year ended March 31, 2026. During the year under review, the statutory auditors have not reported to the Board, under subsection (12) of section 143 of the Companies Act, 2013 any instances of fraud committed against the Company by its officers or employees, the details of which would need to be mentioned in the Boards report.

26. Secretarial Auditors Report:

M/s Santosh Kumar Pradhan, Practicing Company Secretary (CP No.

7647) was appointed as the Secretarial Auditor of the Company and its material Subsidiary viz. Gtropy Systems Private Limited for the Financial Year 2025-26, who had conducted the Secretarial Audit of the Company & its material Subsidiary for the year ended March 31,

2026.

The Secretarial Audit Report for the financial year ended March 31, 2026 helpingconserve under the Act, read with Rules made thereunder and Regulation 24A of the Listing Regulations of the Company and its Material Subsidiary are annexed herewith as “Annexure-6A and 6B”.

The Secretarial Auditors Report is self explanatory and doesnt contain any qualification, reservation or adverse remarks.

27. Internal Auditors:

M/s Gupta Ajay & Associates, Chartered Accountants (FRN: 022319N), were Internal Auditors of the Company for the year ended March 31,

2026.

28. Cost Audit:

Section 148 of the Companies Act, 2013 read with the rules made there under, the provisions of Cost Audit is not applicable on the Company during the year under review.

29. Internal Financial Controls:

The Company maintains a robust internal control and risk management framework, which is continuously reviewed and strengthened through updated standard operating procedures to ensure alignment with the scale and complexity of its operations.

The Management has assessed the effectiveness of internal financial controls over financial reporting as of March 31, 2026, in line with applicable regulatory requirements, and concluded that no material

.weaknesses or significant While acknowledging the inherent limitations of any control system, the Company ensures ongoing reinforcement through regular audits, reviews, and process improvements. ial statements for FY2026 was financ The statutory audit of the conducted by MSKA & Associates LLP, which also provided an attestation on internal financial controls as per applicable provisions of the Companies Act, 2013. The internal audit function is carried out by Gupta Ajay & Associates, focusing on evaluating controls, risk assessment, and process improvements aligned with industry best practices.

The Audit Committee of the Board actively oversees the adequacy and effectiveness of internal controls, supported by a structured

Management Information System. Significant audit observations and corrective actions are periodically reviewed by the Audit Committee to ensure timely resolution and continuous strengthening of governance practices. The internal audit function maintains independence by reporting directly to the Chairman of the Audit Committee.

In addition, the Company has constituted the TCWG (Those Charged With Governance) and its framework. The TCWG met to review key audit matters, internal control effectiveness, and risk management processes. These discussions further strengthen oversight and ensure alignment across management, auditors, and governance functions. Based on the evaluation undertaken by the Audit Committee and

Management,theinternalfinancial control systems were found to be adequate and operating effectively as of March 31, 2026, in accordance with applicable provisions of the Companies Act, 2013 and SEBI regulations.

30. Directors Responsibility Statement:

Section 134(5) of the Companies Act, 2013 requires the Board of

Directors to provide a statement to the members of the Company in connection with maintenance of books, records, preparation of Annual Accounts in conformity with the accepted accounting standards and past practices followed by the Company. Pursuant to the foregoing, and on the basis of representations received from the Operating

Management, and after due enquiry, it is

(1) In the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanation relating to material departures;

(2) The Directors had selected such accounting policies and applied them consistently and made judgements and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company at the end of the financial year and of theprofitand loss of the Company for that period;

(3) The Directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

(4) The Directors had prepared the annual accounts on a going concern basis;

(5) The Directors had laid down internal financial controls to be followed by the Company and that such internal financial controls are adequate and were operating effectively; and

(6) The Directors had devised proper systems to ensure compliance with the provisions of all the applicable laws and that such systems were adequate and operating effectively.

31. Declaration of Independence by Independent Director:

Independent Director of the Company has provided declarations under Section 149 (7) of the Companies Act, 2013 and Regulation 25

(8) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, that he/she meets with the criteria of independence, as prescribed under Section 149

(6) of the Companies Act, 2013 and Regulation 16 (1) (b) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

32. Familiarization Programmes for Board Members:

The Board members are provided with necessary documents / brochures, reports and internal policies to enable them to familiarise with the Companys procedures and practices. Periodic presentations are made on business and performance updates of the Company, business strategy and risks involved.

33. Disclosure Under Secretarial Standard-1 (SS-1):

Adherence by a Company to the Secretarial Standards is mandatory as per Sub-section (10) of Section 118 of Companies Act, 2013.

As per the disclosure requirement of para (9) of Secretarial Standard-1 (SS-1) the Company is in compliance of applicable Secretarial Standards.

34. Disclosure Under the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013:

The Company has duly constituted Internal Complaint Committee

(ICC) under Sexual Harassment of Women at Workplace (Prevention,

Prohibition and Redressal) Act, 2013 (POSH Act). The details of Sexual

Harrasement Complaints received and their treatment during the year are as follows: 1. Number of Complaints of sexual harassment received in the year: Nil 2. Number of complaints disposed during the year: N.A

3. No. of cases pending for more than ninety days: N.A

4. No. of workshops or awareness programme against sexual harassment carried out: None

5. Nature of action takenbytheemployerorDistrictofficer: N.A

35. Significant and

The Company has not received any significant order, demand or notice from any Regulatory Authority, Courts or tribunals impacting the going concern status and operations of the Company in future.

36. Vigil Mechanism:

The Company has adopted a Whistle Blower Policy to provide a formal mechanism to the Directors and employees to report their concerns about unethical behaviour, actual or suspected fraud or violation of the Companys Code of Conduct or Ethics Policy. The Policy provides for adequate safeguards against victimization of employees who avail of the mechanism and also provides for direct access to the

ChairmanoftheAuditCommittee.Itisaffirmed that no personnel of the Company have been denied access to the Audit Committee.

The said Policy is available on the Company website and can be accessed by weblink https://www.mapmyindia.com/investor/mmi_ polices/whistle_blower_policy.pdf 37. Business Responsibility and Sustainability Reporting:

Regulation 34(2)(f) of the Securities and Exchange Board of India

(Listing Obligations & Disclosure Requirements) Regulations, 2015, inter alia, provides that the Annual Report of the top 1000 listed entities based on market capitalization, shall include a Business Responsibility and Sustainability Reporting (BRSR) on the Environmental, Social and Governance (ESG) disclosures along with assurance Business

Responsibility and Sustainability Report core for their value chain. The

Business Responsibility and Sustainability Report forms part of this Annual Report.

38. Proceedings Under Insolvency and Bankruptcy Code 2016:

No application was made during the year, nor any proceedings pending against the Company under the Insolvency and Bankruptcy

Code, 2016 as on March 31, 2026.

39. A Statement by the Company with Respect to the Compliance to the Provisions Relating to the Maternity Benefits Act, 1961:

The Company has duly complied with all applicable provisions of the Maternity Benefit Act, 1961, during the financial year under review.

There were no instances of non-compliance or violations reported during the year, and the Company remains fully committed to adhering to the letter and spirit of the said legislation.

40. Weblink to Important Documents/information/ Policies of the Company:

The Company has formulated the following policies and these policies are available on the website of the Company viz. https://www. mapmyindia.com/investor/

(a) Archival Policy;

(b) Code of Conduct for Board of Directors and Senior Management;

(c) Policy for determination of materiality of events/ information;

(d) Diversity of Board of Directors Policy; (e) Policy on Fair Disclosure Code;

(f) Policy on Familiarisation Program for Independent Directors; (g) Policy for determining Material Subsidiaries;

(h) Code for prohibition of Insider Trading;

(i) Code of practices and procedures for fair disclosure of unpublished price sensitive information; (j) Code of conduct to regulate, monitor and report trading by its designated persons and their immediate relatives; (k) Policy on materiality of related party transactions and on dealing with related party transactions and guidelines;

(l) Vigil Mechanism / Whistle Blower Policy;

(m) Corporate Social Responsibility Policy; (n) Anti- sexual Harassment Policy; (o) Risk Management Policy; (p) Nomination and Remuneration Policy;

(q) Policy for the Evaluation of the Performance of the Independent Directors and the Board of Directors; (r) Policy on Preservation of Documents; (s) Policy on Succession Planning;

OrdersPassedbytheRegulatorsorCourts: (t) Dividend Distribution Policy; (u) Human Right Policy; (v) Customer Relation Policy; (w) Employee well being Policy; (x) Stakeholder Engagement Policy; (y) Equal Opportunity Policy; and (z) Product Responsibility Policy MMI.

ACKNOWLEDGEMENT:

Our Directors wish to place on record their appreciation for the continued support and co-operation of the shareholders, banks, various regulatory and government authorities and for the valuable contributions made by the employees of the Company.

Place: New Delhi
Date: 30/06/2026
	For and on behalf of the Board
	For C.E. Info Systems Limited
	Sd/-
	Rakesh Kumar Verma
	Chairman & Managing Director
	DIN: 01542842
	Address: E-10/4, Second Floor, Vasant Vihar,
	New Delhi-110057