Birlasoft to Hold 34th AGM on Aug 6; Proposes ₹4 Final Dividend for FY25

Birlasoft Limited has announced that its 34th Annual General Meeting (AGM) will be held on Wednesday, August 6, 2025, at 2:30 PM Indian Standard Time (IST) via Video Conferencing/Other Audio-Visual Means (VC/OAVM). Among the key proposals, the company's board has recommended a final dividend of ₹4.00 per equity share for the financial year ended March 31, 2025, in addition to confirming the interim dividend already paid.

Dividend Details for FY2024-25Particulars

Details

Interim Dividend per share

₹2.50 (125%)Final Dividend per share (Proposed)

₹4.00 (200%)Total Dividend per share for FY25

₹6.50Face Value per share

₹2.00Record Date for Final Dividend

July 18, 2025Payment Date for Final Dividend

Within 30 days of AGM approval

Dividend and Financial Statements

The proposed final dividend of ₹4.00 per equity share, representing 200% on a face value of ₹2.00 per share, is subject to shareholder approval at the upcoming AGM. This comes after the company's board had already approved and paid an interim dividend of ₹2.50 per equity share (125%) on October 23, 2024, for the same financial year. If the final dividend is approved by the shareholders, the total dividend payout for the financial year 2024-25 will amount to ₹6.50 per equity share.The AGM notice also highlights the ordinary business items for the meeting, which include the adoption of the audited Standalone Financial Statements and the audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2025. These adoptions are crucial for formalizing the company's financial performance for the past fiscal year.AGM Agenda and Key Resolutions

Beyond the financial statements and dividend, the 34th AGM agenda includes several other significant resolutions. Shareholders will consider the re-appointment of Mr. Angan Guha (DIN: 09791436) as a Director. Mr. Guha retires by rotation and, being eligible, has offered himself for re-appointment. This re-appointment is based on the recommendation of the Nomination and Remuneration Committee and the Board of Directors, in accordance with the Companies Act, 2013.A special business item on the agenda is the appointment of Dr. K. R. Chandratre, a Company Secretary in Whole-time Practice, as the Secretarial Auditor of Birlasoft. This appointment is proposed for a period of five consecutive financial years, commencing from April 1, 2025, until March 31, 2030. Dr. Chandratre brings extensive experience, with over 23 years in practice and more than 45 years in corporate laws. His credentials include a Master's in Commerce, a Law degree, and a PhD from the University of Pune, along with leadership roles at the Institute of Company Secretaries of India and contributions to corporate law literature. His appointment is in line with Section 204 of the Companies Act, 2013, and Regulation 24A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.Important Information for Shareholders

The AGM will be conducted entirely through Video Conferencing/Other Audio-Visual Means, in compliance with circulars issued by the Ministry of Corporate Affairs and SEBI. This means there will be no physical attendance for members, and consequently, the facility for appointing proxies will not be available. However, members can participate and vote through remote e-voting and e-voting during the AGM.

Birlasoft has engaged National Securities Depository Limited (NSDL) as the authorized agency for conducting the AGM and providing e-voting facilities. The "Cut-off Date" for determining eligibility for remote e-voting and participation in the AGM is Wednesday, July 30, 2025. Jayavant Bhave, Proprietor of J. B. Bhave & Co., Company Secretaries, has been appointed as the Scrutinizer for the e-voting process.

Shareholders are advised that the final dividend, if approved, will be subject to Deduction of Tax at Source (TDS) as per the Income-tax Act, 1961. Members are requested to furnish relevant documentation on the RTA's portal by Friday, July 18, 2025 (6 PM IST), to ensure the correct TDS rate is applied. The company has also provided detailed instructions for updating KYC details, Permanent Account Number (PAN), and bank account information with their respective Depository Participants (DPs) or the Company's Registrar & Transfer Agent (RTA), MUFG Intime India Private Limited (formerly Link Intime India Private Limited, effective December 31, 2024).The company also highlighted that unclaimed dividends and corresponding shares for the financial year 2016-17, amounting to ₹1,142,442.40 and 7,549 shares respectively, have been transferred to the Investor Education and Protection Fund (IEPF). Members can claim these from the IEPF Authority by following the prescribed procedure.Market ImpactThe declaration of a final dividend, combined with the interim dividend, signals the company's commitment to shareholder returns for the past fiscal year. The AGM serves as a crucial platform for shareholders to approve key financial results, strategic appointments, and dividend distributions, reflecting the company's governance and operational continuity. The virtual format ensures broad participation while adhering to regulatory guidelines.