Veritas (India) Limited has fixed Friday, August 28, 2026, as the record date to determine shareholder eligibility for a dividend of Re. 0.05 per equity share for FY 2025-26. The dividend, representing a 5% payout on shares of Re. 1 each fully paid up, was recommended by the Board at a meeting held on May 28, 2026. The distribution is subject to the approval of shareholders at the Annual General Meeting (AGM) scheduled for September 03, 2026.

Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company established the record date to identify members entitled to receive the dividend. Additionally, under Section 91 of the Companies Act, 2013, the Register of Members and Share Transfer Books of Veritas (India) Limited will remain closed from Saturday, August 29, 2026, to Thursday, September 03, 2026. This closure facilitates the AGM and the determination of dividend entitlement.

The intimation regarding the record date and book closure was submitted to BSE Limited under reference number VERITAS/BSE/2026-27/009. The company's Board approved the proposal during their meeting on May 28, 2026, as communicated by Amit A. Chavan, Company Secretary & Compliance Officer.

Key Dividend Details

Veritas (India) Limited has approved the re-appointment of its Managing Director, Mr. Paresh Merchant, for a further term of three years, ensuring continuity in leadership at the helm of the company. The decision, taken during a Board meeting on May 28, 2026, extends Mr. Merchant's tenure starting December 28, 2026, subject to the approval of shareholders at the ensuing Annual General Meeting. The Board also appointed Mr. Murugan Pillai as the Internal Auditor for the financial year 2026-27, reinforcing the company's governance framework.

The re-appointment follows the recommendation of the Nomination and Remuneration Committee. Mr. Merchant, who possesses over 40 years of experience across industries such as textiles, real estate, and energy, is an alumnus of IIM Ahmedabad. He currently serves as the Managing Director of Veritas (India) Limited and holds a position as a Non-Executive Director at Swan Defence and Heavy Industries Limited. The company confirmed that he is not related to any other Director and is not debarred from holding the office of Director by any regulatory authority.

Simultaneously, the Audit Committee recommended the appointment of Mr. Murugan Shanmugan Pillai as Internal Auditor. Mr. Pillai brings over 18 years of expertise in internal audit, risk management, and fraud investigation across sectors including real estate and manufacturing. His appointment is effective for the financial year 2026-27 under Section 138 of the Companies Act, 2013.

Board Decisions and Key Appointments

The Board meeting, which commenced at 5:00 PM and concluded at 6:10 PM, addressed these key governance matters. The disclosures were submitted to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Re-appointment of Managing Director

Appointment of Internal Auditor