Canarys Automations Limited — Important, 25-02-2025: General Updates

The Board of Directors of Canarys Automations Limited has passed resolutions to declare an interim dividend and to redeem a portion of unlisted cumulative redeemable preference shares. An interim dividend of ₹26,00,000 on 31,20,000 preference shares at 10% for the period from April 1, 2024, to January 31, 2025, has been approved, benefiting shareholders as of the record date, January 31, 2025.

Additionally, the Board has authorized the redemption of 15,60,000 cumulative redeemable preference shares, amounting to ₹1,56,00,000, which represents 30% of the shares due for redemption on February 1, 2025. This redemption will be executed from the company's profits, reducing the preference share capital to ₹1,56,00,000. These actions suggest a strong financial position and a commitment to returning value to shareholders, indicating a positive outlook for the company.