Nucleus Software declares ₹12.50 dividend, reappoints directors
Nucleus Software Exports Limited held its 37th AGM on July 27, 2026, where shareholders approved a final dividend of ₹12.50 per share for FY26. The meeting also resulted in the re-appointment of Mr. Parag Bhise as a director and Mr. Vishnu R Dusad as Managing Director via ordinary and special resolutions respectively.
*this image is generated using AI for illustrative purposes only.
Nucleus Software shareholders approved a final dividend of ₹12.50 per equity share for the financial year ended March 31, 2026, during the company's 37th Annual General Meeting (AGM) held on July 27, 2026. The resolution passed as an ordinary business item, confirming the payout to equity holders following the adoption of the audited financial statements for FY26.
The AGM was conducted through Video Conferencing and Other Audio-Visual Means (VC) in compliance with circulars issued by the Ministry of Corporate Affairs (MCA) and the Securities and Exchange Board of India (SEBI). Mrs. Yasmin Javeri Krishan chaired the meeting, which commenced at 10:00 A.M. IST after the requisite quorum was established under Section 103 of the Companies Act, 2013. The Chairperson delivered her address to the members before proceeding with the agenda items.
In addition to the dividend declaration, the Board sought approval for the re-appointment of key leadership figures. Shareholders voted on the re-appointment of Mr. Parag Bhise (DIN: 08719754) as a director liable to retire by rotation. This was processed as an ordinary resolution. Furthermore, a special resolution was passed for the re-appointment of Mr. Vishnu R Dusad (DIN: 00008412) as the Managing Director of the company.
The voting process was scrutinized by Mr. Pravesh Kumar (CP No. 27218), of M/s Pravesh Kumar & Associates, who served as the independent Scrutinizer. Members were provided facilities to cast votes electronically via remote e-voting or through Insta Poll during the VC session. The Company Secretary informed members that the Chairperson of the Audit Committee, Nomination and Remuneration/Compensation Committee, and Stakeholders Relationship Committee were present to address queries.
All resolutions listed in the notice were deemed passed on July 27, 2026, subject to the requisite majority of votes cast in accordance with the Companies Act, 2013 and SEBI Listing Regulations. The detailed voting results and the Scrutinizer's Report are scheduled to be disseminated to stock exchanges and posted on the company's website.
Key Resolutions Passed
| Resolution Description | Type | Status |
|---|---|---|
| Adoption of Audited Financial Statements for FY26 | Ordinary | Passed |
| Final Dividend of ₹12.50 per Equity Share | Ordinary | Passed |
| Re-appointment of Mr. Parag Bhise as Director | Ordinary | Passed |
| Re-appointment of Mr. Vishnu R Dusad as MD | Special | Passed |
Dr. Ritika Dusad, Executive Director, was absent from the meeting. The session concluded at 10:36 A.M. with a vote of thanks.
Historical Stock Returns for Nucleus Software
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.85% | -2.99% | -4.16% | -16.05% | -32.84% | +5.42% |
How does the ₹12.50 per share dividend payout compare to Nucleus Software's historical dividend trends and peer averages in the IT services sector?
What strategic initiatives or growth plans is Managing Director Vishnu R Dusad expected to prioritize following his re-appointment?
Does the re-appointment of key leadership signal stability, or are there anticipated changes in the company's operational strategy for FY27?
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