The Board of Directors of the company, formerly International Gemmological Institute (India) Limited, approved the Second Interim Dividend of Rs. 2.50 per share (125%) for FY 2025-26. The Board also approved a significant corporate restructuring: changing the company name to International Gemological Institute Limited. This change is subject to shareholder approval and necessary statutory clearances.
Outcome of Board Meeting: February 11, 2026
The Board of Directors convened on Wednesday, February 11, 2026, to decide on key corporate actions. The meeting commenced at 9:33 a.m. (IST) and concluded shortly thereafter at 9:47 a.m. (IST), finalizing decisions regarding dividends and corporate identity.
Declaration of Second Interim Dividend
The Board declared and approved the payment of the Second Interim Dividend for the financial year 2025-26 (January 1, 2025 to March 31, 2026).
- Dividend Rate: Rs. 2.50 (Rupees Two and Paise Fifty only) per equity share (face value Rs. 2/- fully paid up).
- Percentage: This translates to 125% on the paid-up equity share capital.
- Total Shares: The dividend applies to 43,21,59,696 equity shares.
- Record Date: The Record Date fixed for determining entitlement is Tuesday, February 17, 2026.
- Payment Date: The dividend will be paid on or before Friday, March 13, 2026.
Change in Company Name Approved
A major resolution passed involved altering the fundamental structure of the company’s identity. The Board considered and approved the change of name from “International Gemmological Institute (India) Limited” to “International Gemological Institute Limited”.
This name change is supported by a no objection and name reservation letter received from the Central Registration Centre (CRC) dated January 28, 2026.
Consequential Alterations
To legally effect this change, the Board also approved consequential alterations to the company’s statutory documents:
- The Memorandum of Association (“MOA”).
- The Articles of Association (“AOA”).
These changes are contingent upon receiving the necessary approval from the Shareholders of the Company and any other applicable statutory authorities.
Postal Ballot Notice
The Board further approved the necessary steps to seek shareholder consent for the name change and associated MOA/AOA alterations.
A postal ballot notice will be issued to shareholders to approve these changes. Brief details regarding the amendments to the MOA and AOA, as required by regulations, are attached as Annexure – A.
Key Amendments Detailed (Annexure A Summary)
MOA Changes
The primary change in the MOA, Clause 1, Title, reflects the updated name:
Existing Name: International Gemmological Institute (India) Limited
Proposed Name: International Gemological Institute Limited
AOA Changes
The AOA required amendments across several clauses:
- Introduction: The reference to the previous name (e.g., in the resolution adopting the AOA) is updated to reflect the new name, International Gemological Institute Limited.
- Definition of “Company”: The definition is updated from “International Gemmological Institute (India) Limited” to “International Gemological Institute Limited”.
- Clause 138(b) (Unpaid Dividends): The naming convention for the special bank account is changed from “Unpaid Dividend Account of International Gemmological Institute (India) Limited” to “Unpaid Dividend Account of International Gemological Institute Limited”.
The official information regarding these outcomes has been made available on the Company’s website, www.igi.org.
Source: BSE
