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

Mamata Machinery Limited’s board appointed M/s. C. B. Modh & Co. as Cost Auditors and M/s. Desai & Desai as Internal Auditors for the financial year 2026-27 during a meeting held on July 06, 2026. These appointments were made upon the recommendation of the Audit Committee and are subject to regulatory provisions including Section 148 of the Companies Act, 2013. The remuneration for the cost auditors will be placed before shareholders for ratification at the ensuing Annual General Meeting.

M/s. C. B. Modh & Co., a proprietary firm of Cost and Management Accountants holding Firm Registration Number 101474, will conduct the cost audit for cost records of FY 2026-27. The firm is headed by CMA Chiragkumar B. Modh. M/s. Desai & Desai, a partnership firm of Chartered Accountants registered under FRN 139459W, will handle the internal audit for the same period. Neither firm has any disclosed relationships with the company's directors.

The board meeting commenced at 04:30 P.M. (IST) and concluded at 05:51 P.M. (IST). The disclosures were submitted to BSE Limited and the National Stock Exchange of India Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Auditor Appointments