CMS boosts stake in Securens with rights issue participation
CMS Info Systems Limited (CMS) has acquired an additional 2,275,000 fully paid equity shares of ₹10 each in Securens Systems Private Limited (Securens) at a premium of ₹100 per share. This participation in Securens' rights issue increases CMS's total stake in Securens to 75.78% of the total issued shares after the rights issue. The acquisition cost for these shares totaled ₹25.025 crores.
This move builds upon CMS's prior acquisition of 56.17% of Securens' existing share capital, approved by its board of directors on July 23, 2025. The company is also in the process of acquiring the remaining pre-existing shares from other Securens shareholders. Securens, an early market entrant in the AIoT RMS sector, reported a turnover of ₹765.5 million for the financial year ended March 31, 2025.
The additional investment is intended to reduce CMS's finance costs by lowering Securens' debt, making the organization more profitable. It will also drive innovation in AIoT-based remote monitoring, expand the client base, and accelerate growth in an emerging business line.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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