Digilogic Systems approves ₹5 crore loans, revises director pay
- Digilogic Systems approved loans and guarantees up to ₹5 crore for subsidiary Abhedhya Systems
- Variable remuneration for four directors revised to percentages of net profit effective FY27
- 15th AGM scheduled for September 21, 2026, via video conference
- M/s. D. Hanumanta Raju & Co appointed as secretarial auditor for FY27
*this image is generated using AI for illustrative purposes only.
Digilogic Systems board approved proposals to advance loans up to ₹5 crore to its subsidiary and revise variable remuneration for four managerial personnel. The decisions were taken at a meeting held on August 22, 2026.
The company also approved convening its 15th Annual General Meeting (AGM) on September 21, 2026, via video conference or other audio-visual means. M/s. D. Hanumanta Raju & Co was appointed as the scrutinizer for the AGM and as the secretarial auditor for FY27.
Related Party Transactions
The board approved extending loans, providing guarantees, or creating security in favor of Abhedhya Systems Private Limited, a subsidiary, up to an aggregate amount of ₹5 crore. This approval is subject to member consent under Section 185 of the Companies Act, 2013.
Additionally, the company may enter into contracts with Abhedhya Systems up to ₹5 crore. A separate proposal allows advancing loans or providing guarantees up to ₹5 crore in accordance with Section 185, also pending member approval.
Remuneration Revisions
Variable remuneration for four directors will be linked to net profit starting FY27, in addition to existing fixed salaries. The revisions are subject to shareholder approval.
| Director | Designation | Variable Remuneration |
|---|---|---|
| Madhusudhan Varma Jetty | Managing Director | 1.5% of Net Profit |
| Radhika Varma Jetty | Whole-time Director | 0.5% of Net Profit |
| Jetty Shashank Varma | Whole-time Director & CEO | 3.0% of Net Profit |
| Hitesh Varma Jetty | Whole-time Director | 3.0% of Net Profit |
Corporate Governance
The board considered and approved the Board’s Report for the financial year ended March 31, 2026, under Section 134 of the Companies Act, 2013. M/s. D. Hanumanta Raju & Co, Practising Company Secretaries, was appointed as secretarial auditor for FY27 based on the audit committee’s recommendation.
Historical Stock Returns for Digilogic Systems
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.47% | +22.08% | +75.93% | +116.25% | +162.62% | +162.62% |
How will the ₹5 crore loan facility to Abhedhya Systems impact Digilogic's liquidity position and overall debt-to-equity ratio in FY27?
What specific performance metrics or net profit thresholds must be met for the four directors to realize their newly approved variable remuneration?
Will shareholders likely approve the related party transactions given the strict requirements of Section 185 of the Companies Act, 2013?
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