The Board of Directors of International Gemmological Institute (India) Limited approved crucial corporate actions following their meeting on February 11, 2026. Key outcomes include the declaration of an interim dividend of ₹2.50 per equity share, payable on March 13, 2026. Furthermore, the board sanctioned a significant change in the company’s legal name to International Gemological Institute Limited, requiring necessary amendments to the MOA and AOA.
Outcome of February 11, 2026 Board Meeting
International Gemmological Institute (India) Limited held its Board meeting on Wednesday, February 11, 2026, to discuss and approve several key corporate actions, including financial distributions and structural amendments. The decisions formalized a path forward regarding shareholder returns and corporate identity.
Interim Dividend Declaration
The Board formally declared and approved an interim dividend for the financial year 2025-26. The dividend amount is set at ₹2.50 (Rupees Two and Paise Fifty only) per equity share, representing 125% on the paid-up equity share capital. The Record Date for determining the eligible members for this dividend has been fixed for Tuesday, February 17, 2026. Consequently, the dividend payment is scheduled to be completed on or before Friday, March 13, 2026.
Change in Company Name Approved
The Board considered and approved a proposal to change the company’s name from “International Gemmological Institute (India) Limited” to “International Gemological Institute Limited”. This change is subject to necessary approvals from the shareholders and relevant statutory authorities.
Amended Constitutional Documents
To reflect the name change, consequential alterations were approved for the Memorandum of Association (“MOA”) and the Articles of Association (“AOA”) of the Company. The Annexure details the specific clause changes:
- MOA Title Clause: The name will change to “MEMORANDUM OF ASSOCIATION OF INTERNATIONAL GEMOLOGICAL INSTITUTE LIMITED”.
- AOA Introduction Clause: The reference text concerning the adoption date of the Articles (June 19, 2024) and the company name definition will be updated to reflect the new entity name, “International Gemological Institute Limited”.
- AOA Dividend Clause (Clause 138(b)): The designation for the special bank account holding unclaimed dividends will be updated from “Unpaid Dividend Account of International Gemmological Institute (India) Limited” to “Unpaid Dividend Account of International Gemological Institute Limited”.
Other Matters
The Board also considered and approved the necessary postal ballot notice to be sent to shareholders concerning the approval of the change of name and the consequential alteration in the MOA and AOA. The entire Board meeting commenced at 9:33 a.m. (IST) and concluded at 9:47 a.m. (IST).
Source: BSE
