Mega Nirman & Industries Ltd has elevated Ankan Gupta to the role of Chairman cum Managing Director for a five-year term effective July 23, 2026. The decision, taken during a Board meeting on Thursday, requires shareholder approval. Consequently, Govind Mishra shall cease to be the Chairman of the company.

The Board approved the alteration of the Articles of Association to enable the formulation and implementation of employee share-based benefit schemes. This includes the substitution of the existing Article 3 with a revised version, permitting the issuance of shares through Employee Stock Option Schemes (ESOS), Restricted Stock Units (RSUs), and Sweat Equity Shares, subject to applicable laws and shareholder limits.

In its meeting held on July 23, 2026, the Board fixed August 25, 2026, as the date for the 43rd Annual General Meeting. The meeting will be held at Maharaja Banquets in New Delhi. The Register of members and Share Transfer books will remain closed from August 18, 2026, to August 25, 2026, for this purpose.

National Securities Depository Limited (NSDL) was appointed to conduct Remote E-voting. Additionally, CA Shiva Nishad, Partner of M/s Krishan Rakesh & Co., was appointed as the Scrutinizer for the e-voting process. The agenda item regarding the consideration and approval of the Employee Stock Option Scheme was not taken up by the Board.

Key Approvals

mega nirman & industries has closed its trading window for designated personnel effective Wednesday, July 1, 2026. The closure will remain in effect until 48 hours after the declaration of the unaudited financial results for the quarter ended June 30, 2026. This measure is implemented to ensure compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015 and the company's internal code of conduct for trading in securities.

The restriction specifically applies to the company's directors, promoters, officers, and designated employees, as well as their immediate relatives. The trading window is scheduled to reopen 48 hours after the official announcement of the financial results is made to the stock exchanges. The specific date for the board meeting to consider these results will be communicated in due course.

The company stated that this intimation is for information and record purposes. The closure of the trading window is a standard procedural step undertaken by listed entities to prevent insider trading during the period leading up to financial results announcements.