The Board of Directors of m & b engineering has recommended the re-appointment of Ms. Birva Chirag Patel and Mr. Aditya Vipinbhai Patel as Whole-time Directors. Acting on the advice of the Nomination and Remuneration Committee (NRC), the Board approved these recommendations during its meeting held on August 10, 2026. The proposed three-year terms for both directors will commence on April 2, 2027, and conclude on April 1, 2030, subject to final approval by shareholders at the ensuing Annual General Meeting.

This governance update ensures continuity in leadership roles critical to the company’s operational and strategic direction. Ms. Patel brings over two decades of experience in corporate law and SEBI regulations, while Mr. Patel heads domestic and international business development. Their re-appointment aligns with standard corporate governance practices for director rotation and tenure management under Indian company law.

Director Profiles and Expertise

Ms. Birva Chirag Patel (DIN: 07203299) holds a B.Com degree and is a Company Secretary. She possesses extensive experience in corporate laws, regulatory compliance, corporate governance, and SEBI regulations. She has served on the boards of various Adani Group companies for more than 10 years. She is related to Mr. Chirag Hasmukhbhai Patel, Joint Managing Director.

Mr. Aditya Vipinbhai Patel (DIN: 07103812) holds a Bachelor of Engineering in Electronics and Communication and an MBA in Finance from the USA. Prior to joining M & B Engineering, he worked with ING Fund of Hedge Funds in New York. He currently heads the Domestic and International Business Development functions and has played a pivotal role in expanding the “Phenix” brand internationally. He is related to Mr. Vipinbhai Kantilal Patel, Non-Executive Non-Independent Director.

Appointment Details

Both directors hold significant equity stakes in the company. Ms. Patel holds 40,17,500 equity shares with a face value of ₹10 each, representing 7.03% of the total share capital. Mr. Patel holds 20,16,988 equity shares with a face value of ₹10 each, representing 3.53% of the total share capital.

Regulatory Compliance

The recommendation was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that neither director is debarred from holding office by virtue of any SEBI order or other authority. The necessary disclosures, including brief profiles of the directors, have been submitted to the National Stock Exchange of India Limited and BSE Limited. The intimation is also available on the company’s website.

What This Means for Shareholders

Shareholders will vote on these re-appointments at the ensuing Annual General Meeting. The continuity of leadership in key roles such as business development and corporate compliance provides stability for ongoing strategic initiatives. The alignment of director interests through substantial shareholdings reinforces governance standards expected by institutional investors.

M & B Engineering has fixed September 10, 2026, as the record date for determining shareholders eligible to receive the final dividend for the financial year 2025-26. This decision was taken by the Board of Directors during a meeting held on August 10, 2026. The dividend payment is subject to approval by members at the company’s 44th Annual General Meeting (AGM). Shareholders holding units on the record date will be entitled to receive the declared payout, marking a key milestone in the company’s FY26 financial closure.

The Board convened the meeting in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also announced the schedule for its 44th AGM, which is set for Tuesday, September 17, 2026, at 12:00 P.M. The meeting will be conducted through Video Conferencing or Other Audio Visual Means (OAVM), adhering to the Companies Act, 2013, and relevant Ministry of Corporate Affairs circulars, including General Circular No. 03/2025 dated September 22, 2025.

Shareholders have been provided with the facility to cast their votes electronically. Remote e-voting will commence at 9:00 A.M. on Monday, September 14, 2026, and conclude at 5:00 P.M. on Wednesday, September 16, 2026. The cut-off date for determining entitlement rights for remote e-voting is Thursday, September 10, 2026, which aligns with the dividend record date. E-voting systems during the AGM itself will remain active for 15 minutes after the conclusion of the meeting.

The procedural framework for the AGM follows specific regulatory relaxations and guidelines. These include General Circular No. 20/2020 dated May 5, 2020, and subsequent MCA circulars extending relaxation provisions. Additionally, the process complies with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/P/CIR/2024/133 dated October 3, 2024. The company has published these details on its official website to ensure transparency and accessibility for all stakeholders.

Key Dates for Shareholders

The final dividend amount per share was not disclosed in this communication, as it remains subject to shareholder approval at the upcoming AGM. Investors are advised to ensure their holdings are registered in their demat accounts by the record date to qualify for the dividend. The Company Secretary and Compliance Officer, Palak Dilipbhai Parekh, signed the disclosure submitted to both the National Stock Exchange of India Limited and BSE Limited.