Austere Systems Limited adopted its audited financial statements for the financial year ended March 31, 2026, during its 11th Annual General Meeting (AGM) held on September 30, 2026. The company also declared a dividend of ₹0.80 per equity share, representing 8% of the face value of ₹10.

The meeting was conducted via Video Conferencing/Other Audio-Visual Means, commencing at 11:00 am and concluding at 11:18 am. Managing Director Shikhir Gupta chaired the session, with all directors present. The requisite quorum was met with 15 members participating through the electronic platform.

Key resolutions passed

Shareholders approved several ordinary and special business items outlined in the notice dated September 7, 2026:

• Adoption of audited financial statements for FY26.
• Declaration of a final dividend of ₹0.80 per share.
• Re-appointment of Piyush Gupta as a director retiring by rotation.
• Appointment of Mayank Gupta as a Non-Executive Independent Director for a five-year term.
• Approval to advance loans or provide security to interested persons under Section 185 of the Companies Act, 2013.

Director appointment details

Mayank Gupta was appointed as a Non-Executive Independent Director effective September 7, 2026, for a term extending to September 6, 2031. He is a practicing Chartered Accountant with over 14 years of experience in direct taxation, indirect taxation, international taxation, corporate law, and audits. His expertise includes GST, cross-border transactions, tax structuring, and regulatory compliance.

Voting and compliance

Remote e-voting was open from September 27, 2026, to September 29, 2026. Loveleen Gupta, a practicing Company Secretary, served as the scrutinizer for the voting process. The company stated that detailed voting results would be intimated separately to stock exchanges and uploaded on its website.

The AGM proceedings were conducted in compliance with SEBI Listing Regulations and the Companies Act, 2013. All committee chairpersons, along with representatives from statutory, secretarial, and internal audit firms, were present during the meeting.

Austere Systems Limited has scheduled a board meeting for September 7, 2026, to consider recommending a final dividend for the fiscal year 2025-26. The decision awaits shareholder approval at the upcoming annual general meeting.

The Austere Systems Limited board will convene at 11:00 am at its corporate office in Gurugram. The agenda includes the dividend recommendation and other routine business items.

Regulatory Compliance

The company notified the BSE SME Platform pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was issued on September 2, 2026.

Insider Trading Window

In accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window remains closed for designated persons during this period. This restriction applies until the conclusion of the board meeting and subsequent disclosures.