Overview

• Protean disclosed in an Aug. 25 exchange filing that it will establish and operate Aadhaar Seva Kendras in 188 districts to provide enrolment, update and related services over six years.
• Shares closed 3.74% lower at Rs 819.30 on the NSE on Monday, and the stock is down about 44% since its February listing.
• The company announced a dividend of Rs 10 per share for FY2024–25, with August 29 set as the record date for eligible shareholders.
• In June, Protean secured a separate six-year order of about Rs 100 crore to design, build, support and maintain the Bima Sugam digital marketplace platform.
• The latest wins follow Protean’s May exclusion from the PAN 2.0 tender, which drove steep share declines and continues to frame near-term investor caution.