CMS Info Systems Ltd Receives Declassification Request from SION Investment Holdings
Dec 19 2024 | 4 months agoCMS Info Systems Ltd has received a request from SION Investment Holdings pte. Limited to be declassified as 'Promoter/Promoter Group' of the company. SION sold all its equity shares in the company on February 27, 2024 and its nominees have resigned from the board. SION has not been associated with the company since then and does not participate in its management or hold any key managerial positions. SION has no insight, role, participation or involvement in the company's operations at any level or in any degree. SION has certified that it does not hold more than 10% of the total voting share capital of the company and does not exercise control over the company. SION will continue to comply with the conditions mentioned in Regulation 31A of the Listing Regulation to avoid reclassification as a promoter.
- SION Investment Holdings pte. Limited has requested to be declassified as 'Promoter/Promoter Group' of CMS Info Systems Ltd.
- SION sold all its equity shares in the company on February 27, 2024 and its nominees have resigned from the board.
- SION has not been associated with the company since then and does not participate in its management or hold any key managerial positions.
- SION has no insight, role, participation or involvement in the company's operations at any level or in any degree.
- SION has certified that it does not hold more than 10% of the total voting share capital of the company and does not exercise control over the company.