Protean eGov Technologies reports 60% drop in Scope 1 & 2 emissions for FY26

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Reviewed by
Suketu GScanX News Team
Key Highlights
  • Revenue reached ₹996.43 crore in FY26, driven by tax and CRA services
  • Scope 1 and 2 emissions fell 60% YoY to 210 metric tonnes of CO2 equivalent
  • Green power now supplies 94% of total energy consumption
  • Permanent employee turnover rose to 13.3% from 11.1% in the prior year
  • Customer complaints totaled 1,85,875 with 1,521 pending resolution
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Protean eGov Technologies released its Business Responsibility and Sustainability Report (BRSR) for FY26 on August 28, 2026. The disclosure highlights a 60% reduction in Scope 1 and Scope 2 greenhouse gas emissions compared to the prior year.

The company reported total revenue of ₹996.43 crore for the financial year ended March 2026. Its operations remain heavily concentrated in IT-enabled services, with tax services contributing 50% of turnover and Central Recordkeeping Agency services accounting for 31%.

Environmental Performance

Protean achieved a significant reduction in its carbon footprint during FY26. Total Scope 1 emissions fell to 147 metric tonnes of CO2 equivalent from 282 metric tonnes in FY25. Scope 2 emissions dropped sharply to 63 metric tonnes from 239 metric tonnes.

Emission Type FY26 FY25
Scope 1 (tCO2e) 147 282
Scope 2 (tCO2e) 63 239

The company attributed this decline to sourcing green power, which now accounts for 94% of its energy needs. This initiative helped avert 1,852 tCO2e emissions. Additionally, energy intensity per rupee of turnover improved to 0.000000975 GJ/INR from 0.000001098 GJ/INR in the previous year.

What the Numbers Show

While operational emissions decreased significantly, Scope 3 emissions—which include value chain activities—remained substantial at 9,567 metric tonnes of CO2 equivalent. This figure represents the vast majority of the company's total carbon impact, dwarfing the combined Scope 1 and 2 total of 210 metric tonnes. This divergence suggests that while direct operational efficiency has improved, the broader supply chain remains the primary driver of the company's environmental footprint.

Social and Governance Metrics

Protean employed 1,917 individuals as of the end of FY26, comprising 839 permanent employees and 1,078 non-permanent staff. The workforce is predominantly male (67%) with female representation at 33%.

The company reported a permanent employee turnover rate of 13.3% in FY26, up from 11.1% in FY25. Despite the rise, Protean maintained a 100% return-to-work rate for employees who took parental leave.

On the governance front, the company received 1,85,875 customer complaints during the year, with 1,521 pending resolution at year-end. No complaints were recorded regarding sexual harassment, discrimination, or data privacy breaches.

Historical Stock Returns for Protean e-Gov Technologies

1 Day5 Days1 Month6 Months1 Year5 Years
-1.31%-1.53%-13.74%-8.53%-38.90%0.0%

What specific strategies is Protean implementing to reduce its substantial Scope 3 emissions, which currently dwarf its operational footprint?

How might the increasing reliance on green power sourcing impact Protean's operational costs and profit margins in the coming fiscal years?

Given the rise in permanent employee turnover from 11.1% to 13.3%, what initiatives are planned to improve retention in a competitive IT-enabled services market?

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Protean eGov Technologies sets Sep 22 AGM; proposes ₹10 dividend

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Reviewed by
Anirudha BScanX News Team
Key Highlights
  • Protean eGov Technologies holds 31st AGM on September 22, 2026
  • Board recommends final dividend of ₹10 per equity share for FY26
  • Record date for dividend entitlement is August 28, 2026
  • Meeting conducted via video conferencing with remote e-voting enabled
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Protean eGov Technologies has scheduled its 31st Annual General Meeting for September 22, 2026. The company will conduct the meeting via video conferencing or other audio-visual means.

The Board of Directors has recommended a final dividend of ₹10 per equity share for the financial year ended March 31, 2026. This recommendation is subject to shareholder approval at the upcoming meeting. The record date for determining dividend eligibility is fixed as August 28, 2026.

Meeting Details

The AGM will be held at 3:00 pm on September 22, 2026. In compliance with Ministry of Corporate Affairs circulars and SEBI Listing Regulations, the meeting will not involve physical presence at a common venue. Members can participate and vote exclusively through the VC/OAVM facility.

Dividend Payout

If approved, the final dividend will be paid within 30 days of the AGM date. The payout is subject to deduction of tax at source for eligible members. Shareholders are advised to opt for the Electronic Clearing System mode to ensure timely receipt. Those holding shares in demat form must update their bank details with depository participants, while physical shareholders should submit Form ISR-1 to the Registrar and Transfer Agent, MUFG Intime India Private Limited.

Corporate Governance

The Notice of AGM along with the Integrated Annual Report for FY25-26 has been sent electronically to members with registered email IDs. The documents are also available on the company website, stock exchange portals, and the NSDL e-voting platform. Remote e-voting facilities are provided through NSDL for all resolutions set out in the notice.

Historical Stock Returns for Protean e-Gov Technologies

1 Day5 Days1 Month6 Months1 Year5 Years
-1.31%-1.53%-13.74%-8.53%-38.90%0.0%

How does the recommended ₹10 dividend per share compare to Protean's payout ratios in previous fiscal years, and what does this signal about management's confidence in future cash flows?

Given the exclusive use of VC/OAVM for the AGM, are there any emerging trends in shareholder engagement metrics or voting participation rates among Indian tech firms adopting fully virtual meetings?

What strategic capital allocation plans might Protean pursue post-dividend payout, particularly regarding R&D investments or potential M&A activities in the e-governance sector?

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