Austere Systems Ltd

Subsidiary incorporation details

• Austere Systems LLC incorporated on 9 July 2026 in Delaware, USA.
• Austere Systems Limited is sole member, holding 100% ownership; no capital contribution yet.
• Industry scope: IT consulting and software services.
• Nature of consideration: Nil; no capital contributions as of incorporation.
• Regulatory approvals required: none.

KMP materiality/disclosure authority

• Piyush Gupta, Executive Director & CFO, authorized to determine materiality of events and disclosures to exchanges.
• Sneha Goenka, Company Secretary & Compliance Officer, authorized to make disclosures to stock exchanges.
• Authority is conferred under a Board-approved policy for materiality disclosures.
• Date of authorization: 28 July 2026.

Appointment

• Ms. Sneha Goenka appointed Company Secretary and Compliance Officer (KMP), effective 27 July 2026.
• Nomination & Remuneration Committee recommended the appointment.
• Profile: ACS A48476 with six years' CS/CO experience at listed entities.
• Previously led CS teams at Pratap Technocrats, Insolation Energy, Prithvi Exchange India.
• No material relationships with directors or promoters disclosed.
• KMP designation confirmed; will hold CS and CO roles.

Resignation

• Mr. Sharad Gaur (DIN: 10556350) resigned as Independent Director, effective close of business 27 July 2026.
• Also ceases to be member of the Nomination & Remuneration Committee.
• Resignation reasons: personal reasons.
• No other listed entity directorships disclosed.

Order details

• Awarding entity: HDFC Bank Limited (domestic) awarded MIS work order to Austere Systems Limited.
• Nature and scope: Management Information System (MIS) for HDFC Bank Limited.
• Total value: ₹1,86,60,000 (₹1.86 crore).

📍 Board Appointments and Resignations

• Resignation of Ms. Shampa Juneja as Company Secretary and Compliance Officer effective 20 January 2026.
• Appointment of Ms. Richa Singh as Company Secretary and Compliance Officer effective 27 January 2026.

📍 Dividend Declaration

• Declared interim dividend of Rs. 0.20 per equity share.

🗓️ Meeting Details

• Board meeting scheduled on 27th January 2026 via Video Conferencing.

📍 Key Agenda Items

• Declaration of interim dividend for Financial Year 2025-26.
• Board to fix 11th February 2026 as Record Date for interim dividend entitlement.

⚠️ Governance Updates

• Ms. Shampa Juneja resigned as Company Secretary and Compliance Officer effective 20th January 2026.