Austere Systems Ltd Board Approves Director Appointment & 8% Final Dividend

Austere Systems Ltd's Board of Directors convened on September 7, 2026, approving key corporate actions. Mr. Mayank Gupta was appointed as an Additional Director (Non-Executive Independent) for five years, subject to shareholder approval. The Nomination & Remuneration Committee was reconstituted to include Mr. Gupta. The Board also recommended a final dividend of 8% (₹0.80 per share) for FY 2025-26, pending shareholder approval at the upcoming AGM. Additionally, the company 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 payment is set for September 23, 2026.