Austere Systems Appoints Mayank Gupta as Independent Director
Austere Systems Ltd announced the appointment of Mr. Mayank Gupta as an Additional Director in the category of Non-Executive Independent Director, effective September 7, 2026. His term will be for five years, subject to shareholder approval. The company also approved the reconstitution of its Nomination and Remuneration Committee. Additionally, the Board recommended a final dividend of 8% (₹0.80 per share) for FY25-26, subject to shareholder approval at the upcoming AGM. The record date for this dividend is set as September 23, 2026. The company also approved advancing loans and providing guarantees, subject to shareholder consent, and re-appointed L. Gupta & Associates as Secretarial Auditor and M/s DSG & Associates as Internal Auditor for FY26-27.
Key Highlights
- Mayank Gupta appointed as Non-Executive Independent Director for 5 years.
- Board recommended a final dividend of 8% (₹0.80 per share) for FY25-26.
- Record date for dividend payment fixed as September 23, 2026.
- Nomination & Remuneration Committee reconstituted.
- Secretarial and Internal Auditors re-appointed for FY26-27.
Price Impact
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