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Outcome of the Board Meeting held on May 25, 2023

The Board of Directors of the Company at its meeting held on Thursday, May 25, 2023, which commenced at 3:15 p.m. and concluded at 7.00 p.m., inter-alia, unanimously:

  1. Approved the Standalone and Consolidated Audited Financial Results of the Company for the quarter and financial year ended March 31, 2023.
  2. Recommended Dividend of Re. 1/- per equity share of Rs. 10/- each for the financial year ended March 31, 2023, subject to the approval of the shareholders at the ensuing Annual General Meeting of the Company.The Company shall inform the Stock Exchange(s) in due course about the date of AGM for financial year ended March 31, 2023, dates of book closure for purpose of entitlement of final dividend and date from which the dividend will be paid, if approved by shareholders.
  3. Approved renaming of the existing ‘Corporate Social Responsibility’ Committee to ‘Corporate Social Responsibility and Environment Social & Governance Committee’ and further amended the existing role of the Committee so as to include the Environment Social & Governance functions.

Appointment of Ms. Bala C Deshpande (DIN: 00020130) as an Additional Director (till the next general meeting or for a period of three months from the date of appointment, whichever is earlier) designated as Non-Executive Independent Director, not liable to retire by rotation, for a tenure of 5 consecutive years commencing from May 25, 2023 to May 24, 2028, subject to approval of the shareholders.

Appointment of Mr. Kapil Jain (DIN: 10170402) as an Additional Director (till the next general meeting or for a period of three months from the date of appointment, whichever is earlier) designated as Managing Director & Group CEO, not liable to retire by rotation, for a tenure of 5 consecutive years commencing from May 25, 2023 to May 24, 2028, subject to approval of the shareholders.

Please click here for information submitted to stock exchanges under Regulation 30 – Appointment of directors 

In addition to this, Nomination and Remuneration Committee of the Board of Directors of the Company, granted 664,980 options (constituting 1.36% of the existing paid-up share capital of the Company) to the employees of the Company and its subsidiary(ies) under ESOP 2022 Scheme/Plan at an exercise price of Rs. 1,419.81 per option.

May 25, 2023
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The presentations, videos, and other Investor Day materials have been prepared for informational purposes only. Certain statements contained in these materials may constitute forward-looking statements regarding eClerx's business outlook, growth strategy, market opportunities, client demand, operational priorities, technology and AI-led initiatives, investment plans and anticipated financial and operating performance.

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