Power Mech Projects Limited announced that Mr. Vivek Paranjpe will cease to be an Independent Director upon the completion of his second and final term on August 30, 2026.

The company disclosed the change pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The cessation takes effect at the close of business hours on August 30, 2026.

Board Appreciation

The Board of Directors acknowledged Mr. Paranjpe’s contributions during his tenure. He served as a Non-Executive and Independent Director, providing guidance to the Board. His key roles included:

• Chairman of the Nomination and Remuneration Committee
• Member of the Audit Committee

The company highlighted his effective participation and dedicated service throughout his two terms.

Disclosure Details

The intimation was signed by M. Raghavendra Prasad, Company Secretary and Compliance Officer, on August 31, 2026.

Power Mech Projects has scheduled its 27th Annual General Meeting (AGM) for September 17, 2026, and recommended a final dividend of ₹1.50 per equity share for FY26. The company filed its annual report with stock exchanges and published the notice in newspapers on August 26, 2026.

The filing was made pursuant to Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This follows a Board meeting held on May 20, 2026, where the dividend was approved subject to shareholder consent. The notice also outlines critical corporate governance resolutions and voting procedures.

AGM and Dividend Details

The 27th AGM will be held on Thursday, September 17, 2026, at 9:30 am via Video Conferencing (VC) or Other Audio Visual Means (OAVM). The Board recommends a final dividend of ₹1.50 per equity share of face value ₹10 each for the financial year ended March 31, 2026.

If approved by shareholders at the AGM, the dividend will be paid or dispatched within 30 days from the date of approval. Shareholders on record as of September 10, 2026, will be eligible for the payout. The register of members will remain closed from September 11 to September 17, 2026.

Key Agenda Items

The meeting covers several critical corporate governance and financial resolutions:

• Dividend Declaration: Approval of the recommended final dividend for the financial year ended March 31, 2026.
• Board Appointments: Re-appointment of Mr. M. Rajiv Kumar as a director liable to retire by rotation. Additionally, shareholders will vote on the appointment of Mrs. Vasundhara Sinha as an independent director for a two-year term commencing June 20, 2026.
• ESOP Plan: Approval of the "Power Mech Projects Limited - Employee Stock Option Plan - 2026". The plan proposes granting up to 10,00,000 options to employees, with 2,00,000 options reserved for subsidiary employees.
• Remuneration: Ratification of cost auditor remuneration at ₹1,25,000 plus expenses. Approval of consultancy fees for Non-Executive Director Mr. M. Rajiv Kumar at ₹3,80,000 per month excluding GST.

What the Numbers Show

The proposed ESOP pool represents 3.16% of the company's share capital on a fully diluted basis as of June 30, 2026. This dilution factor is capped by a distribution skew rule limiting grants to Key Managerial Personnel and Senior Management to no more than 25% of the total pool.

Dividend and Voting Details

Remote e-voting will open on September 13, 2026, at 9:00 am and close on September 16, 2026, at 5:00 pm. Members wishing to express views or ask questions must register as speakers via email from September 11 to September 15, 2026.