Purpose: Determining eligibility of shareholders entitled to receive the Interim Dividend for Financial Year 2026-27
Dividend Declaration
Type: Interim Dividend
Amount: Re. 1/- per equity share
Percentage: 10% (on face value of Rs. 10/- per share)
Face Value: Rs. 10/- per share
Financial Year: 2026-27
Record Date: Friday, 11th September, 2026
Subject to Shareholder Approval: No (Interim dividend declared by Board)
Board Meeting Highlights
Date of Board Meeting: Saturday, 29th August, 2026
Meeting Time: Commenced at 11:15 AM and concluded at 1:15 PM
Meeting Venue: Registered Office of the Company
Appointments / Reappointments
Director: Sri. Narendra Kumar Boyana (DIN: 11917772) - Appointment as Non-Executive Independent Director
Term: Five consecutive years with effect from 18th September, 2026 (subject to approvals)
Director: Sri. Emmidisetty Sridhar - Re-appointment as Non-Executive Independent Director for second term of five consecutive years commencing from 18th September, 2026
Corporate Actions
Acquisition: Acquired remaining 12,500 equity shares of Steel City Infotech Private Limited
Acquisition Price: Rs. 38.73 per equity share
Total Consideration: Rs. 4,84,125/-
Effective Date: 27th August, 2026
Result: Steel City Infotech Private Limited became a Wholly Owned Subsidiary of the Company
Future Business Plan: Company proposes to undertake Insurance Broking and allied insurance-related activities through Steel City Infotech Private Limited, subject to obtaining necessary regulatory approvals
Other Announcements
Banking Facility: Authorized Directors to approach Karur Vysya Bank Limited for enhancement of existing Overdraft facility from Rs. 7.50 Crores to Rs. 30.00 Crores
Regulatory Compliance: Notice of Postal Ballot approved for seeking shareholder approval for director appointments
Director Profile - Narendra Kumar Boyana
Qualification: B. Com
Experience: Two and half decades of experience in Capital Market Operations and infrastructure business for past 6 years
Shareholding in Company: Nil
Relationships: Not related to any Director/KMP of the Company
Regulatory Status: Not barred from holding office as Director by virtue of any order issued by SEBI or any other authority
