Protean eGov Technologies Limited has informed the Exchange that Board of Directors at its meeting held on May 20, 2026, recommended Final Dividend at the rate of 100% i.e. Rs. 10 per equity share.
PROTEAN · price
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On the reaction day the stock moved 18.3 pts more than Nifty Microcap 250 and 19.1 pts more than its IT Enabled Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Protean eGov Technologies reported strong FY2026 results with consolidated revenue growing 18.7% to Rs. 1,070.60 crore from Rs. 908.88 crore. Net profit increased 8.8% to Rs. 100.59 crore from Rs. 92.46 crore, with annualised EPS of Rs. 24.79. The Board recommended a final dividend of Rs. 10 per share (100% on face value), subject to shareholder approval. The company also announced leadership changes with Ajay Rajan appointed as MD & CEO effective June 1, 2026, bringing extensive banking experience from YES Bank and Deutsche Bank. Nandkumar Saravade joins as Independent Director with deep expertise in banking, cybersecurity, and regulatory affairs. The audited results carry an unmodified opinion from BSR & Associates.
The recommended dividend represents a 100% payout ratio, indicating confidence in cash generation. Strong revenue growth of 18.7% YoY and appointment of a senior banking professional as CEO are positive signals for investors. No immediate price catalyst from the dividend as it represents standard cash return.