Protean eGov Technologies Limited has informed the Exchange regarding Appointment of M/s S N Ananthasubramanian & Co as Secretarial Auditor of the company for term of five years w.e.f. April 01, 2025.
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The board of Protean eGov Technologies approved audited financial results for Q4 and FY25 along with an unmodified (clean) auditor opinion, and recommended a final dividend of Rs. 10 per share (100% of face value) for FY25. The board also appointed S. N. Ananthasubramanian & Co, a peer-reviewed firm of company secretaries with over three decades of experience, as the Secretarial Auditor for five consecutive years starting FY2025-26, subject to shareholder approval. Additionally, the board approved a scheme of arrangement to demerge the Governance, Risk & Compliance and Managed SOC Services divisions of its wholly-owned subsidiary Protean Infosec Services into Protean eGov, effective April 1, 2025. The demerged division's turnover is just Rs. 1.84 crore, or 0.22% of the listed entity's total turnover, and no new shares will be issued since it is an internal group restructuring.
The 100% final dividend signals strong cash returns and shareholder friendliness, while the clean audit opinion and subsidiary-level demerger of a small division are routine corporate housekeeping items with negligible financial impact. The secretarial auditor appointment is a standard governance compliance requirement and not a red flag.