Protean eGov Technologies announces board meeting outcomes

Protean eGov approves FY25 results, ₹10 dividend, new secretarial auditor, and subsidiary demerger.

Protean eGov Technologies Limited has announced key outcomes from its Board of Directors meeting held on May 21, 2025. The meeting, which commenced at 5:00 PM and concluded at 7:00 PM, included several strategic decisions concerning the company's financials and governance.

The Board approved the audited financial results, both standalone and consolidated, for the quarter and full financial year ended March 31, 2025. The results were accompanied by an unmodified Auditor's Report, indicating a clean audit opinion.

The Board has recommended a final dividend of ₹10 per equity share. This amounts to a 100% dividend on the face value of ₹10 per share, rewarding shareholders for the financial year 2024–25.

Appointment of a secretarial auditor

One of the significant decisions taken during the meeting was the appointment of S. N. Ananthasubramanian & Co. as the secretarial auditor of the company for five consecutive financial years beginning FY2025-26. This appointment is subject to approval by members at the upcoming Annual General Meeting (AGM).

Established in 1991, S. N. Ananthasubramanian & Co. is a peer-reviewed firm with a strong legacy in corporate governance and compliance services. Known for its professional expertise and commitment to best practices, the firm will provide secretarial audits and related advisory services, strengthening Protean eGov's corporate compliance framework.

Approval of the scheme of arrangement

The Board also approved a scheme of arrangement between Protean eGov Technologies and its wholly-owned subsidiary, Protean Infosec Services Limited. Under this scheme, Protean Infosec will be demerged from Protean eGov Technologies, subject to regulatory approvals. The scheme is aimed at streamlining operations and unlocking value within the group structure.

Disclosures and compliance

All relevant documents, including the financial results, the auditor's report, the press release, and detailed disclosure, have been submitted for public record.

Protean eGov Technologies continues to reinforce its commitment to transparency, shareholder value, and sound corporate governance as it embarks on its next phase of growth.