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Awaiting price reaction for this filing.
The Board of Directors of Vedavaag Systems Ltd, at their meeting held on August 30, 2025, approved a dividend of Rs. 0.50 (5%) per equity share on the face value of Rs. 10 for the financial year ended March 31, 2025. The company will hold its 27th Annual General Meeting on September 29, 2025, at 9:30 A.M. in Hyderabad. The register of members will be closed from September 24 to September 29, 2025, with September 23, 2025 set as the cut-off date for e-voting and dividend eligibility. Additionally, Mr. Subramanyam Sripati Panditaradhyula Venkata Mallikarjuna has been appointed as an Additional (Non-Executive, Independent) Director for a 5-year term, subject to shareholder approval.
Shareholders as on the record date of September 23, 2025 will be eligible for the Rs. 0.50 per share dividend. The dividend is modest given the low face value, and the new independent director appointment adds tech industry experience to the board. The stock may see minor positive sentiment around the record date.