Data Patterns announced its 28th AGM on July 31, 2026, recommending a ₹10 per share dividend. The meeting will also vote on director re-appointments, including those over 75 requiring special resolutions.

Data Patterns Announces AGM, Recommends Dividend and Board Appointments

Data Patterns (India) Ltd has called its 28th Annual General Meeting (AGM) for July 31, 2026. The company has recommended a final dividend of ₹10 per equity share for the financial year 2025-26, subject to shareholder approval.

What Just Happened

The company's Board of Directors has proposed a dividend of ₹10 per equity share (Face Value ₹2). The AGM agenda includes the re-appointment of key board members and ratification of auditor remuneration.

Why This Matters

This AGM notice is crucial for shareholders as it confirms the dividend payout for FY2025-26 and outlines proposed changes and continuity in the company's board leadership. It also covers standard governance items.

Reader Takeaway: Dividend payout confirmed, board continuity proposed; shareholders must ensure KYC compliance.

The Backstory

Data Patterns is a key player in India's defence and aerospace electronics sector, involved in the design, development, and manufacturing of systems for defence applications. This AGM addresses routine corporate actions and governance renewals.

What Changes Now

Shareholders will vote on the dividend and the proposed re-appointments of directors, including Mr. Vijay Ananth K as Whole-time Director for five years. Special resolutions are required for re-appointing directors over 75 years old.

Risks to Watch

While the notice details standard corporate actions, shareholders must ensure their KYC and PAN-Aadhaar linking are up-to-date to receive dividends and avoid share-related issues, as per RTA guidelines.

Board Decisions

Key resolutions include:

• Re-appointment of Mr. Vijay Ananth K as Whole-time Director.
• Re-appointment of independent directors Mr. Prasad Raghava Menon and Mr. Sowmyan Ramakrishnan (over 75 years).
• Appointments of Ms. Anuradha Sharma and Mr. Mathew Cyriac as Independent Directors.
• Ratification of Cost Auditor remuneration at ₹85,000.

Remuneration Details

The Whole-time Director, Mr. Vijay Ananth K, will receive an annual salary of ₹1.14 crore, along with medical and personal accident insurance coverage.

What to Track Next

Investors should monitor the outcome of the voting at the AGM on July 31, 2026, especially concerning the special resolutions for director re-appointments and the final dividend approval.