XTGLOBAL declares interim dividend of 5%, approves AGM, reappoints auditors & directors
Xtglobal Infotech declared an interim dividend of ₹0.05 per share, with a record date of September 23, 2026. The 38th AGM is scheduled for September 29, 2026. The company recommended re-appointments of auditors and directors, including Ms. Vuppuluri Sreedevi and Mr. Jitesh Raghu Mullapudi. Employee stock options and RSUs were also approved.
The interim dividend and re-appointments are positive developments, but they do not represent a significant change in the company's core business or financial performance, hence a medium impact.
The declaration of an interim dividend, coupled with the re-appointment of key personnel and auditors, indicates positive corporate actions and stability.
Xtglobal Infotech Limited announced the outcome of its Board of Directors meeting held on September 5, 2026. The Board declared an interim dividend of ₹0.05 per equity share (5% of face value) for the financial year 2026-27. The record date for this dividend is set for September 23, 2026, with payment expected by statutory due dates.
The Board approved the convening of the 38th Annual General Meeting (AGM) on September 29, 2026, at 10:00 AM IST via Video Conferencing. The 38th Annual Report for FY 2025-26, along with the Board's Report and other related documents, was also approved for circulation to members.
Key personnel changes and re-appointments were also approved. The Board recommended the re-appointment of M/s. C. Ramachandram & Co. as Statutory Auditors for a second term of five years, subject to member approval. Ms. Vuppuluri Sreedevi was recommended for re-appointment as Director and Whole-time Director for another five years. Mr. Jitesh Raghu Mullapudi was recommended for appointment as Non-Executive Non-Independent Director, and Mr. Venkata Madhusudhana Rao Paladugu was recommended for appointment as Independent Director, both for five-year terms, subject to member approval.
The Board noted the cessation of Mr. Jagannatha Prasad Malireddy and Mr. Venkata Appala Narasimha Raju Kalidindi as Directors upon completion of their terms. Mr. Saibaba Karuturi was appointed as the new Chairperson, effective from the conclusion of the 38th AGM.
Furthermore, the Board approved the grant of 734,250 Employee Stock Options and 790,000 Restricted Stock Units under the XTGlobal Infotech Limited Employees Stock Benefit Scheme — 2020. The meeting commenced at 10:00 AM IST and concluded at 11:10 AM IST.
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Xtglobal Infotech Limited filed this with the NSE as a statutory disclosure, categorised under dividend. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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