Protean E-Gov Technologies has secured a confirmed work order worth ₹5.99 crore from the Government of Arunachal Pradesh. The contract covers the design, development, implementation, and maintenance of the Arun Parivar Patra (APP) State Family Registry Platform. The execution timeline is set at 48 months, with revenue recognition to commence as per project milestones.

Order in financial context

The ₹5.99 crore order represents approximately 2.18% of the company's average quarterly revenue of ₹274.42 crore. No orders were disclosed in the last three fiscal quarters, making this the sole disclosed order in the current period. The order book coverage stands at 0.00 quarters of average quarterly revenue, providing limited visibility into near-term revenue acceleration relative to the company's annual run-rate of nearly ₹1,100 crore.

Quarterly financial performance

Protean E-Gov Technologies' recent quarterly results reflect margin compression. Revenue in Q1FY27 stood at ₹266.40 crore, while net profit fell sharply to ₹5.90 crore from ₹30.40 crore in Q4FY26. Operating profit margin (OPM) contracted to 4.95% from 12.11% in the prior quarter.

Annual revenue growth

Protean E-Gov Technologies' annual revenue has grown from ₹770.20 crore in FY22 to ₹997.75 crore in FY26, reflecting YoY growth of 9.8% based on the latest annual data. Net profit, however, declined 1.2% in FY26 compared to FY25, highlighting a divergence between topline growth and bottom-line retention.

Balance sheet and execution capacity

The company's balance sheet remains robust, with a current ratio of 2.00x indicating strong short-term liquidity. Total liabilities to equity stands at a conservative 0.37x, reflecting low leverage. Operating cashflow was positive at ₹192.70 crore in FY25, demonstrating efficient cash conversion. This financial position provides capacity to execute new contracts without straining working capital.

Key observations

• Order size: The ₹5.99 crore contract is consistent with smaller state-level digital governance projects, forming part of the company's diversified portfolio alongside larger central government initiatives.
• Margin stress: Net profit dropped to ₹5.90 crore in Q1FY27 from ₹30.40 crore in Q4FY26, signaling potential execution or cost pressures.
• Valuation (as of August 17, 2026): P/E of 27.1x against ROCE of 11.18%. Valuation was pricing in execution improvement not yet visible in return ratios. (P/E is price-derived and will change; ROCE is from audited financials.)
• Order book coverage: Stands at 0.00 quarters based on the last three fiscal quarters' disclosures, indicating limited near-term pipeline visibility in recent filings.
• Revenue recognition: The APP platform contract spans 48 months; the pace of revenue booking over this timeline will determine its contribution to quarterly results.

Protean eGov Technologies has fixed Friday, August 28, 2026, as the record date for shareholders to receive the final dividend for the financial year ended March 31, 2026. The company announced the date in a filing with stock exchanges on August 14, 2026, confirming that equity holders on record as of the specified date will be eligible for the payout. Additionally, the company issued a communication to shareholders regarding Tax Deduction at Source (TDS) / Withholding Tax on the final dividend for FY25-26 on August 17, 2026.

The Board of Directors had previously recommended a final dividend of ₹10 per equity share during its meeting held on May 20, 2026. This recommendation corresponds to a dividend rate of 100% on the face value of ₹10 per share. The proposal is pending formal approval by shareholders at the company’s upcoming Annual General Meeting (AGM). The final dividend shall be paid to eligible shareholders within 30 days from the date of the AGM.

Dividend Details

TDS Guidelines for Shareholders

Pursuant to the provisions of the Income Tax Act, 2025, dividend paid or distributed is taxable at the hands of the shareholders. The company is required to deduct tax at source at the time of making the payment. Shareholders are requested to submit necessary documents on or before Friday, August 28, 2026, to ensure correct deduction of tax.

Resident Shareholders

For resident shareholders, tax shall be deducted at source (TDS) @10% under Section 393(1) r.w.s 393(4) of the Act on the amount of dividend declared and paid during FY26-27. However, no TDS deduction applies if the dividend income does not exceed ₹10,000 in a financial year.

TDS rates may vary based on PAN status:

• Invalid/Inoperative PAN: TDS @20% under Section 397(2).
• PAN not linked with Aadhaar: PAN deemed in-operative; TDS @20%.
• Lower/Nil Tax Certificate: Rate specified in the certificate issued under Section 197.

Resident individual shareholders with valid PAN linked to Aadhaar can claim nil TDS for dividends exceeding ₹10,000 by submitting Form No. 121. Other exempt categories, such as LIC, GIC, Government entities, RBI, Mutual Funds, and NPS Trusts, must submit self-declarations along with relevant documentary evidence.

Non-Resident Shareholders

For non-resident shareholders, TDS is withheld in accordance with Section 393(2) of the Act. The applicable rates are:

• FIIs/FPIs/Other Non-Residents: 20% plus applicable surcharge and cess, or beneficial tax treaty rate if documents are furnished.
• Indian Branch of Foreign Bank: 35% plus surcharge and cess, or Nil if a lower tax certificate under Section 395(1) is provided.

To avail beneficial treaty rates, non-resident shareholders must submit a valid Tax Residency Certificate, Form 41, PAN (or declaration in lieu), and a self-declaration regarding beneficial ownership and permanent establishment status. Failure to furnish documents will result in TDS deduction at 20% plus surcharge and cess.

Regulatory Compliance

The intimation regarding the record date was issued pursuant to Regulation 42 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Maulesh Kantharia, Company Secretary & Compliance Officer, signed the disclosure.

Protean eGov Technologies is listed on both the BSE Limited and the National Stock Exchange of India Limited. Shareholders holding shares under multiple accounts under different status/categories with a single PAN should note that the higher of the tax rates applicable to the status will be considered on their entire holding. Any communication on tax determination received after the record date will not be considered.