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.

Spacenet Enterprises India Limited convened a Board of Directors meeting on May 06, 2026, wherein the board considered and approved a series of significant corporate actions pursuant to the provisions of the Companies Act, 2013 and the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting commenced at 04:00 P.M (IST) and concluded at 04:30 P.M (IST). Subsequently, the company issued a formal Postal Ballot Notice on May 12, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, seeking shareholder approval for the resolutions approved by the board.

Postal Ballot and E-Voting Schedule

The Postal Ballot Notice has been dispatched electronically to members whose names appear on the Register of Members as on the cut-off date. The company has engaged Central Depository Services (India) Limited (CDSL) to provide the remote e-voting facility. The key dates for the postal ballot process are as follows:

The resolutions, if approved, will be deemed to have been duly passed on the last date specified for remote e-voting, i.e., 5:00 p.m. (IST) on June 12, 2026. Results will be published on the company's website and intimated to the stock exchange.

Appointment of Independent Director

The board approved the appointment of Mr. Deenadayal Tripurasetty (DIN: 10200896) as Additional Director (Non-Executive & Independent Director) with effect from May 06, 2026, based on the recommendation of the Nomination and Remuneration Committee. The key details of the appointment are as follows:

Mr. Deenadayal Tripurasetty is a seasoned banking professional with over 40 years of experience in banking, finance, and stressed asset management (NPAs). He previously served as Deputy General Manager at Union Bank of India, with expertise in loan restructuring, recovery (SARFAESI, NCLT, DRT), credit management, regulatory compliance, and financial oversight. The board affirmed that he is not debarred from holding the office of Director by virtue of any SEBI order or any other authority, and that he meets the criteria of independence as prescribed under Section 149(6) of the Companies Act, 2013 and Regulation 16(1)(b) of SEBI (LODR) Regulations, 2015. He is not related to any of the Directors or Key Managerial Personnel of the Company.

Increase in Authorized Share Capital

The board approved and recommended for shareholders' approval an increase in the Authorized Share Capital of the Company. The details of the proposed capital restructuring are outlined below:

The purpose of this increase is to provide adequate headroom for future fund-raising initiatives, including issuance of equity shares and/or other eligible securities through permissible modes.

Amendment to Memorandum of Association

The board approved alteration of the Memorandum of Association (MOA) under Section 13 of the Companies Act, 2013, subject to shareholder approval. The proposed amendments involve inserting new sub-clauses (Clause 19 to Clause 21) after the existing Clause 18 in the Main Objects, as well as amending Clause 6 to Clause 10 and Clause 13 to Clause 18 by adding the phrase "directly or indirectly" at appropriate places. The new object clauses proposed to be inserted cover the following business areas:

• Renewable and clean energy: Generation, transmission, distribution, storage, and utilization of power from renewable or clean energy sources, including electric mobility and clean transportation
• Electric vehicles and clean energy dealing: Manufacturing, assembling, trading, and dealing in electric vehicles (EVs), charging stations, battery systems, and allied equipment
• EV and renewable energy training and research: Training, research, consultancy, and technological development in renewable energy and EV infrastructure, including charging networks and battery management systems

Fund-Raising Proposal

The board approved and recommended for shareholders' approval the issuance of equity shares and/or other eligible securities through one or more permissible modes. The key details of the fund-raising proposal are as follows:

Reconstitution of Board Committees

The board approved the reconstitution of its key committees effective May 06, 2026, to ensure compliance with SEBI (LODR) Regulations and the Companies Act, 2013. The revised compositions are as follows:

Audit Committee

Nomination and Remuneration Committee

Stakeholders Relationship Committee

Risk Management Committee

Resolutions Sought via Postal Ballot

The board approved a Postal Ballot Notice to seek shareholder approval for the following matters, with all resolutions to be voted upon through remote e-voting by eligible members as on the cut-off date of May 08, 2026:

• Alteration of the Object Clause of the Memorandum of Association (Special Resolution)
• Increase in Authorized Share Capital (Ordinary Resolution)
• Issue of equity shares and/or other eligible securities including through QIP, up to ₹200.00 Crores (Special Resolution)
• Appointment of Mr. Deenadayal Tripurasetty (DIN: 10200896) as Independent Director for a term of five consecutive years (Special Resolution)

All the above resolutions are subject to the requisite approval of shareholders of Spacenet Enterprises India Limited.