Austere Systems Limited has appointed Sneha Goenka as Company Secretary and Compliance Officer, effective July 27, 2026. The Board of Directors approved the appointment during a meeting held on the same day, following a recommendation from the Nomination and Remuneration Committee. This leadership addition coincides with the resignation of Sharad Gaur, an Independent Director, who stepped down due to personal reasons, marking a shift in the company’s governance structure.

The Board approved Goenka’s appointment pursuant to Section 203 of the Companies Act 2013 and Regulation 6(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Simultaneously, the Board accepted the resignation of Sharad Gaur (DIN: 10556350), which took effect at the close of business hours on July 27, 2026. Gaur also ceased to be a member of the Nomination & Remuneration Committee upon his departure. The Board expressed appreciation for Gaur’s contributions during his tenure.

Goenka brings six years of experience in corporate secretarial and compliance roles across various listed entities. She is a member of the Institute of Company Secretaries of India, holding Membership No. ACS A48476. Her professional background includes heading the Company Secretarial and Compliance Teams at Pratap Technocrats Private Limited, Insolation Energy Limited, and Prithvi Exchange India Limited. Her expertise covers Securities Laws, the Companies Act 2013, and other relevant corporate laws.

The disclosures were made in compliance with Regulation 30 of the SEBI Listing Regulations and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. In his resignation letter, Gaur confirmed that there were no material reasons for his departure other than those cited. He also stated that he does not hold directorships in any other listed entities. The company has uploaded the intimation and relevant annexures on its website for stakeholder reference.

Austere Systems Limited has secured a work order worth ₹1.86 crore from HDFC Bank for the implementation of a Management Information System (MIS). The contract was awarded by a domestic entity, marking a significant business development for the IT solutions provider. The company disclosed this development to the stock exchanges on July 7, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The aggregate value of the order stands at ₹1,86,60,000. The project involves the deployment of MIS capabilities for the banking sector client. This order intake is expected to contribute to the company's revenue stream in the upcoming financial periods.

Order Details

The specifics of the contract were outlined in the regulatory filing submitted to BSE Limited. The following table summarizes the key particulars of the transaction:

The intimation was signed and submitted by Piyush Gupta, Director & CFO of Austere Systems Limited. The filing confirmed that the procedural formalities regarding the disclosure of the order have been completed.