Protean eGov Technologies Limited has informed the Exchange about approval of Scheme of Demerger between Protean eGov Technologies Limited (holding Company) and Protean Infosec Services Limited (wholly owned subsidiary)
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Protean eGov Technologies' board met on May 21, 2025 and approved the audited standalone and consolidated results for Q4 and FY25 with an unmodified auditor opinion. The board recommended a final dividend of Rs. 10 per share (100% on face value of Rs. 10) for FY25, subject to shareholder approval. It also appointed S.N. Ananthasubramanian & Co. as the new secretarial auditor for five years starting FY26. Most importantly, the board approved a Scheme of Arrangement to demerge two divisions — Governance, Risk & Compliance and Managed SOC Services — from wholly-owned subsidiary Protean Infosec Services into the listed company, effective April 1, 2025. The demerged divisions generated only Rs. 1.84 crore in revenue (just 0.22% of the listed entity's turnover), and since Protean Infosec is wholly owned, no new shares will be issued and the shareholding pattern remains unchanged.
This is a small internal restructuring with negligible financial impact — the demerged divisions contribute just 0.22% of revenue and involve no share issuance or dilution. Shareholders benefit from the Rs. 10 dividend, and consolidating infosec operations into the listed entity could streamline costs and execution over the long term.