Dr. S. Ravi has resigned as Non-Executive Non-Independent Director and Chairman of spacenet enterprises effective June 1, 2026, due to personal reasons. The resignation was communicated to the company via email on June 1, 2026, and has been accepted by the board. This development was disclosed to the National Stock Exchange of India Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

In his resignation email, Dr. S. Ravi confirmed there were no other material reasons for his departure aside from personal reasons. He expressed gratitude to the board and management for their support during his tenure. The company has been requested to complete the necessary formalities to record the resignation.

The resignation creates a vacancy in the position of Chairman and reduces the strength of the board. The company is yet to announce a replacement or the schedule for appointing a new chairman. The filing was signed by Monish Jaiswal, Company Secretary & Compliance Officer, on behalf of Spacenet Enterprises India Limited.

Spacenet Enterprises India Limited has declared an interim dividend of ₹0.10 per equity share, representing a 1% payout on the face value of ₹1 each, for the financial year 2025-26. The Board of Directors fixed Friday, June 5, 2026, as the record date to determine shareholder eligibility for the dividend. The payment will be made exclusively through electronic modes approved by the Reserve Bank of India, requiring shareholders to ensure their KYC details are updated with the Registrar and Transfer Agent.

The company will deduct tax at source (TDS) on dividend payments in accordance with the Income-tax Act, 1961. The withholding tax rate varies based on the shareholder's residential status and the documents submitted. Shareholders must submit relevant documents, such as Form 121, Tax Residency Certificates, or lower tax withholding certificates, to the company or its RTA by June 5, 2026, to avail of beneficial or nil tax deduction rates. The company reserves the right to verify PAN details independently and reject incomplete documents, applying higher tax rates if discrepancies are found.