Prodocs Solutions Ltd has scheduled its 7th Annual General Meeting for September 29, 2026, and fixed September 22 as the record date for final dividends. Additionally, the company is divesting its 19% stake in Sevasarthi Info Solution Private Limited for Rs 19,000.
Prodocs Solutions Announces AGM, Dividend Record Date and Stake Sale
- Dividend Record Date: September 22, 2026
- Stake Divestment Value: Rs 19,000
Reader Takeaway: The company is streamlining its portfolio via a small stake sale while preparing for its upcoming AGM.
What just happened
Prodocs Solutions Ltd has finalized its corporate calendar for the fiscal year ended March 31, 2026. The board of directors held a meeting on August 28, 2026, where they confirmed that the 7th Annual General Meeting (AGM) will take place on September 29, 2026, at 4:00 P.M. via video conferencing. The company also declared September 22, 2026, as the official record date to determine shareholder eligibility for the final dividend.
Divestment of Investment
In a strategic move, the board approved the sale of its entire 19% equity holding in Sevasarthi Info Solution Private Limited. The transaction involves 1,900 shares being sold to Mr. Mukesh Dhurvaji Meshram for a total consideration of Rs 19,000. Prodocs Solutions confirmed that the buyer is not a related party. The company noted that Sevasarthi Info Solution contributed nil revenue and had nil net worth in the previous fiscal year, making this a non-material divestment in terms of financial impact.
What changes now
Shareholders should mark September 22, 2026, on their calendars to ensure eligibility for the upcoming dividend payout. The company expects to complete the stake sale within one month, pending the formal execution of a sale agreement.
Context metrics
The divestment entity, Sevasarthi Info Solution, held no significant financial standing according to the company’s recent disclosures, indicating this move is likely intended to reduce administrative oversight of dormant or non-contributing assets.