Austere Systems Ltd

Austere Systems Limited has received a Warning-cum-Advisory Letter from the Securities and Exchange Board of India (SEBI) dated October 1, 2026. The letter addresses the company's non-disclosure of a National Company Law Appellate Tribunal (NCLAT) order dated September 23, 2025. This NCLAT order dismissed Austere Systems' appeal against a Competition Commission of India order that imposed a penalty of ₹44,25,569 on the company. SEBI noted that the company failed to disclose this order within the stipulated timelines under Regulation 30(2) and 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company first referred to the order in its audited financial results for the year ended March 31, 2026, filed on May 26, 2026. SEBI has warned the company to improve its compliance standards and advised it to disclose the order forthwith with an explanation for the delay. The letter will be placed before the Board of Directors at its next meeting. No monetary penalty has been imposed through this warning letter, and there is no material impact on the company's financial or operational activities.

Austere Systems Limited (formerly Austere Systems Private Limited) has disclosed that the Hon'ble National Company Law Appellate Tribunal (NCLAT) dismissed its appeal against an order by the Competition Commission of India (CCI). The CCI had imposed a penalty of ₹44,25,569/- on the company in relation to historical soil-testing tenders. The NCLAT order, dated September 23, 2025, upheld the CCI's decision without increasing the penalty. The company has since filed an appeal with the Hon'ble Supreme Court of India on December 12, 2025. The penalty amount was previously disclosed in the company's Red Herring Prospectus and the NCLAT order does not impose any additional financial or operational liabilities.

Austere Systems Ltd has announced the closure of its trading window from October 1, 2026, until 48 hours after the declaration of its unaudited standalone financial results for the half-year ending September 30, 2026. This measure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. The specific date for the board meeting to approve these financial results will be communicated later.

Austere Systems Ltd announced its 11th Annual General Meeting (AGM) book closure. The Board of Directors approved the appointment of Mr. Mayank Gupta as an Additional Director (Non-Executive Independent) for five years, subject to shareholder approval. The Nomination & Remuneration Committee was reconstituted. A final dividend of 8% (₹0.80 per share) for FY2025-26 was recommended, subject to shareholder approval at the AGM. The company also approved advancing loans and providing guarantees, subject to shareholder consent. Re-appointment of Secretarial Auditor (L. Gupta & Associates) and Internal Auditor (DSG & Associates) for FY2026-27 was approved. The Record Date for dividend eligibility is set for September 23, 2026.

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.

Austere Systems Ltd held a Board Meeting on September 7, 2026, approving key decisions including the appointment of Mr. Mayank Gupta as an Additional Director (Non-Executive Independent) for a 5-year term. The Nomination & Remuneration Committee was reconstituted. The Board recommended a final dividend of 8% (₹0.80 per share) for FY 2025-26, subject to shareholder approval at the upcoming AGM. The record date for the dividend is set as September 23, 2026. Additionally, the company approved the re-appointment of L. Gupta & Associates as Secretarial Auditor and M/s DSG & Associates as Internal Auditor for FY 2026-27. Approval was also given for advancing loans, guarantees, or securities to interested parties, pending shareholder consent.

Austere Systems Ltd has issued a notice for its Annual General Meeting (AGM) scheduled for September 30, 2026. The Board of Directors, in a meeting held on September 7, 2026, approved the appointment of Mr. Mayank Gupta as an Additional Director (Non-Executive Independent) for a five-year term, subject to shareholder approval. The Nomination & Remuneration Committee was reconstituted to include Mr. Gupta. Additionally, the Board recommended a final dividend of 8% (₹0.80 per share) for FY 2025-26, pending shareholder approval at the AGM. The company also approved the re-appointment of L. Gupta & Associates as Secretarial Auditor and M/s DSG & Associates as Internal Auditor for FY 2026-27.

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.

Austere Systems Ltd's Board of Directors has recommended a final dividend of 8% (₹0.80 per equity share) for the financial year 2025-26. This recommendation is subject to shareholder approval at the upcoming Annual General Meeting (AGM). The board also approved the appointment of Mr. Mayank Gupta as an Additional Director (Non-Executive Independent) for five years and reconstituted the Nomination & Remuneration Committee. Additionally, the company fixed September 23, 2026, as the record date for the dividend payout, which will be made within 30 days of declaration.

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.