Purpose: Ascertaining eligibility of shareholders for payment of 1st interim dividend for the financial year 2026-27.
Dividend Declaration
Type: 1st Interim Dividend
Amount: Rs. 0.50 (Fifty Paisa Only) per equity share
Face Value: Rs. 2 per share
Financial Year: 2026-27
Record Date: July 30, 2026
Payment Date: Before Saturday, August 22, 2026
Board Meeting Highlights
The Board Meeting was held on July 24, 2026, commencing at 06:25 p.m. and concluding at 07:37 p.m.
Approved the Un-audited Standalone and Consolidated financial results for the quarter ended June 30, 2026.
Noted/Approved the Limited Review Reports on the Un-audited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026.
Noted/Approved the Security Cover Certificate issued under Regulation 54 of the Listing Regulations by the Statutory Auditor for the quarter ended June 30, 2026.
Approved raising of funds by way of issue of debt securities including but not limited to Non-Convertible Debentures (NCDs), Commercial Papers (CPs), etc., up to Rs. 200 Crores on Private Placement Basis.
Authorized the Finance Committee of the Board of Directors to finalize the terms of issuance and take all ancillary actions related to the fundraise.
Approved the acquisition of 100% equity share capital of Enshrine Leasing and Infotech Private Limited.
Acquisition Details (Enshrine Leasing and Infotech Private Limited)
Target Entity: Enshrine Leasing and Infotech Private Limited
Nature of Transaction: Not a Related Party Transaction as of the date of entering into the transaction. Upon completion, it will become a wholly owned subsidiary.
Industry: Information Technology & Software Services/Real Estate Services
Strategic Rationale: The acquisition is expected to strengthen the Company's business infrastructure, provide strategic control over the IT Zone property owned by the target entity at Mumbai, and support the Company's long-term growth objectives.
Governmental Approvals: No specific governmental or regulatory approval is required. The transaction shall be undertaken in compliance with the applicable provisions of the Companies Act, 2013 and other applicable laws.
Consideration: The subscription to the share capital will be made in cash.
Cost of Acquisition: Up to Rs. 45 Crores (Rupees Forty-five Crores Only).
Shareholding Acquired: 100%
Background: An unlisted private company incorporated in India on December 09, 2004.
