Austere Systems Appoints New Director, Reconstitutes Committee, Recommends Dividend

Austere Systems Ltd announced the outcome of its Board of Directors meeting held on September 7, 2026. The board approved the appointment of Mr. Mayank Gupta as an Additional Director (Non-Executive Independent) for a term of five years, subject to shareholder approval. The Nomination and Remuneration Committee was reconstituted following this appointment. Additionally, the board recommended a final dividend of 8% (Rs. 0.80 per equity share) for FY 2025-26, subject to shareholder approval at the upcoming AGM. The company also approved advancing loans/guarantees and re-appointed L. Gupta & Associates as Secretarial Auditor and M/s DSG & Associates as Internal Auditor for FY 2026-27. The record date for the dividend is set as September 23, 2026.