The Board of Directors of International Gemmological Institute (India) Limited declared a Second Interim Dividend of Rs. 2.50 per equity share for FY 2025-26, equating to 125%. Furthermore, the board approved changing the company’s name to “International Gemological Institute Limited”, subject to shareholder approval. The Record Date for the dividend has been set for February 17, 2026, with payment due by March 13, 2026.
Key Outcomes from February 11, 2026 Board Meeting
The Board of Directors of International Gemmological Institute (India) Limited convened on Wednesday, February 11, 2026, concluding its meeting at 9:47 a.m. (IST). The primary resolutions passed by the Board included the declaration of an interim dividend and approval for a significant corporate name change.
Second Interim Dividend Declaration
The Board officially declared and approved the payment of the Second Interim Dividend for the financial year 2025-26 (January 1, 2025, to March 31, 2026). The dividend amount is fixed at Rs. 2.50 (Rupees Two and Paise Fifty only) per fully paid-up equity share of Rs. 2/-. This represents a payout of 125% on the total 43,21,59,696 equity shares.
- Record Date: Tuesday, February 17, 2026, for determining eligible members.
- Payment Date: The dividend will be paid on or before Friday, March 13, 2026.
Corporate Name Change Approved
The Board also considered and approved changing the company’s name from “International Gemmological Institute (India) Limited” to “International Gemological Institute Limited”. This change is based on a no-objection letter received from the Central Registration Centre (CRC) dated January 28, 2026.
To effect this change, the consequential alteration to the Memorandum of Association (MOA) and Articles of Association (AOA) were approved. These changes are subject to the final approval of the Shareholders and other relevant statutory authorities.
Details of MOA and AOA Amendments (Annexure A Highlights)
The primary alteration in the MOA involves revising the Title Clause to reflect the new name: “International Gemological Institute Limited”. Similarly, the AOA was amended across multiple clauses:
- Introduction Clause:
- The term “Company” in the Articles will now refer to “International Gemological Institute Limited” instead of “International Gemmological Institute (India) Limited.”
- Clause 138.(b) regarding Unpaid Dividend:
- Any unpaid dividend account to be opened by the Company will now be called “Unpaid Dividend Account of International Gemological Institute Limited”.
The Board further approved the necessary Postal Ballot Notice to seek shareholder consent for the name change and associated alterations to the constitutional documents.
Source: BSE
