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 position backed by stable
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 India’s indigenous
digital mapping and geospatial technology ecosystem at a time when
no comprehensive digital maps existed in the country. Their pioneering
efforts in developing India’s first digital maps laid the foundation for one
of the country’s 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
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 Tl,500
crore at the end of FY2025 to T1,754.4 crore at the end of FY2026, providing
revenue visibility of approximately 3-4 years and reinforcing confidence in
the Company’s 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 Company’s position
as India’s 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 fleet management and
logistics intelligence solutions. The company focuses on vehicle
tracking, fleet operations 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 MapmyIndia’s 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. Kogo’s
client roster includes large enterprise customers like TechM, Coforge,
HPE, Accenture, OHC Aviation, Michelin, LSG, Bank of Baroda and the
Indian Army. KOGO’s 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 India’s 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 invested IDR 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, loT, 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:

^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:

*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:

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 Director's appointment and remuneration and other
details:

The Company’s 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 Company’s 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 Board’s 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 Committee’s 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 Company’s 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.

All the recommendations made by the Audit Committee during the
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:

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

Non-Executive, Non-

Ms. Rakhi Prasad Chairperson

Independent Director

Mr. Rakesh Kumar Verma Member Executive Director

Mr. Rajagopalan Sundar Member ^N°.^{n 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

Non-Executive - Non

Ms. Rakhi Prasad Member

Independent Director
Non-Executive

Ms. Tina Trikha Member

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 in Annexure-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:

**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 business faces. The Company on a periodic basis identifies these
uncertainties and after assessing them, formulates short-term and
long-term action plans to mitigate any risk which could materially
impact the Company’s 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 Company’s website at
www.mapmyindia.com

13. Revision of Financial Statements or Board's Report:

The Board of Directors of the Company has not revised the Financial
Statements and Board’s report for the financial year under review.

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
Operating Officer (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 company’s Employee Stock Option Scheme 2008 during
the year are as follows:

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 Company’s 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 Company’s 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, thereby helping conserve
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:

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.

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 as Annexure 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
loT). 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 auditor’s report given by auditors of the Company
doesn’t contain any qualification, reservation or adverse remarks for
the Financial Year ended March 31, 2026. During the year under review,
the statutory auditors have not reported to the Board, under sub¬
section (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 Board’s report.

26. Secretarial Auditor's 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
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 doesn’t 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 deficiencies were identified. While
acknowledging the inherent limitations of any control system, the
Company ensures ongoing reinforcement through regular audits,
reviews, and process improvements.

The statutory audit of the financial statements for FY2026 was
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, the internal financial 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 confirmed that:

(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 the profit and 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 Company’s 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 taken by the employer or District officer: N.A

35. Significant and Material Orders Passed by the Regulators or Courts:

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 Company’s 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
Chairman of the Audit Committee. It is affirmed 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_
policesZwhistle_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;

(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 LimitedSd/-

Rakesh Kumar Verma
Chairman & Managing Director
DIN: 01542842

Address: E-10/4, Second Floor, Vasant Vihar,
New Delhi-110057