Austere Systems Limited announced key decisions following a Board Meeting on September 7, 2026. The company appointed Mr. Mayank Gupta as an Additional Director, a move subject to shareholder approval. The Board also recommended a final dividend of 8% (₹0.80 per share) for the financial year 2025-26, subject to AGM approval. The notice also detailed arrangements for the upcoming 11th Annual General Meeting, including book closure dates and e-voting procedures.
Austere Systems Board Approves Key Appointments and Dividend
The Board of Directors of Austere Systems Limited convened on September 7, 2026, to deliberate on several critical corporate matters. Among the key outcomes was the approval of the appointment of Mr. Mayank Gupta (DIN: 06629537) as an Additional Director in the category of Non-Executive Independent Director. This appointment, effective from September 7, 2026, is for a term of five years, pending shareholder approval at the ensuing Annual General Meeting. Mr. Gupta’s addition aims to strengthen the board’s expertise.
Dividend Recommendation and AGM Details
Further, the Board considered and recommended a final dividend of 8% of the face value of Rs. 10/- per equity share, amounting to ₹0.80 per equity share, for the financial year ended March 31, 2026. This recommendation is subject to the approval of the shareholders at the upcoming 11th Annual General Meeting (AGM). The AGM is scheduled to be held on Wednesday, September 30, 2026, at 11:00 a.m. IST, through Video Conferencing/Other Audio-Visual Means.
The company has also fixed Wednesday, September 23, 2026, as the Record Date for determining the eligibility of members to receive the final dividend. The Book Closure for the purpose of the AGM will be from Thursday, September 24, 2026, to Wednesday, September 30, 2026, inclusive.
Other Board Decisions
In addition to the above, the Board approved the reconstitution of the Nomination & Remuneration Committee, the re-appointment of statutory and internal auditors for FY 2026-27, and approved advancing loans, giving guarantees, or providing security under Section 185 of the Companies Act, 2013, subject to shareholder approval. The Director’s Report for the financial year ended March 31, 2026, was also approved.
The company has decided to provide remote e-voting facilities to its members for the upcoming AGM, with the e-voting period commencing from September 27, 2026, at 9:00 a.m. to September 29, 2026, at 5:00 p.m. The cut-off date for determining e-voting entitlement is Wednesday, September 23, 2026.
Source: BSE
