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.

Power Mech Projects Limited has accepted the resignation of Sajja Lakshmi from her role as Non-Executive and Non-Independent Director. The resignation took effect at the close of business hours on August 8, 2026.

The company disclosed the development in a letter to the National Stock Exchange of India Limited and BSE Limited dated August 20, 2026. This filing served to formally submit the scanned copy of the resignation letter, which was inadvertently omitted from the original intimation issued on August 8, 2026, due to an administrative oversight.

Resignation Details

Sajja Lakshmi submitted her formal resignation letter to the Board, citing an inability to devote the requisite time and attention to her duties owing to personal pre-occupations and other unavoidable commitments. She also resigned from her associated committee roles, including her position as Chairperson of the Corporate Social Responsibility (CSR) Committee.

Lakshmi, identified by DIN 00068991, noted that she remains connected to the company as one of its promoters. She requested the Board to relieve her of all duties and arrange for necessary statutory filings, including Form DIR-12 with the Registrar of Companies and relevant stock exchanges.

The company secretary and compliance officer, M. Raghavendra Prasad, signed the disclosure letter, confirming the submission of the resignation document for record purposes.