Mamata Machinery Limited has scheduled its 47th Annual General Meeting for Monday, August 10, 2026, at 11:00 a.m. via video conferencing. The meeting will transact ordinary business, including the adoption of financial statements for the financial year ended March 31, 2026, and the declaration of a final dividend. The Board of Directors has recommended a dividend of ₹0.50 per equity share of face value ₹10 each for FY26, representing 5% of the face value. This payout is subject to shareholder approval at the AGM and is expected to result in a cash outflow of approximately ₹1.23 crore.

The company has fixed Friday, July 31, 2026, as the record date to determine shareholder eligibility for the dividend and for voting entitlement. If approved, the dividend will be paid on or before Wednesday, September 09, 2026. The notice of the meeting and the annual report have been sent electronically to members and are available on the company’s website. The meeting proceedings will be conducted in accordance with the circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India.

Key Meeting Details

Mamata Machinery Limited's board has recommended a dividend of ₹0.5 per equity share for the financial year ended March 31, 2026, subject to shareholder approval at the upcoming Annual General Meeting. The dividend of 5% is on shares with a face value of ₹10 each. Additionally, the board approved key leadership changes and auditor appointments during its meeting on July 06, 2026.

The board accepted the retirement of Chief Executive Officer Apurva N. Kane, who will superannuate from the company effective September 30, 2026, after over four decades of service. Succeeding him, Rajashekar Venkat has been appointed as the new CEO and Key Managerial Personnel, effective October 01, 2026. Venkat brings over 27 years of experience in the capital equipment manufacturing industry, having held leadership roles at multinational organizations including Kennametal, Markem-Imaje, Mettler Toledo, and Domino Printing.

In audit-related decisions, the board appointed M/s. C. B. Modh & Co., Cost & Management Accountants, as Cost Auditors for the financial year 2026-27. The remuneration for the cost auditors will be placed before shareholders for ratification at the ensuing Annual General Meeting. The firm was appointed based on the Audit Committee's recommendation and under Section 148 of the Companies Act, 2013.

The board also appointed M/s. Desai & Desai, Chartered Accountants, as the Internal Auditors of the company. These decisions were taken pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Appointments and Changes