C.E. Info Systems Limited (MAPMYINDIA) announced on December 19, 2025, that it has received a demand order from the Additional Commissioner of Central Goods & Service Tax, Delhi South Commissionerate. The order demands recovery of Input Tax Credit (ITC) amounting to ₹7,30,91,589 (CGST + SGST) under Section 73(1) of the CGST Act, 2017, along with applicable interest and a penalty of ₹73,09,159 imposed under Sections 73 and 73(9) of the CGST Act, 2017. An additional general penalty of ₹50,000 (₹25,000 each under CGST and SGST) has also been imposed. The demand pertains to a GST matter concerning Input Tax Credit availed on IPO-related expenses incurred during FY 2021–22, in connection with the Company’s listing via an Offer for Sale (OFS). The company stated that it has strong legal and factual grounds to contest the findings and believes it has discharged its GST liabilities appropriately, with the matter primarily involving issues of legal interpretation. The order is not final and is appealable. MAPMYINDIA expects no immediate impact on its financials, operations, or other activities and intends to file an appeal before the appellate authority within the prescribed timelines.