Power Mech Projects has scheduled its 27th Annual General Meeting for September 17, 2026. The meeting will be held via video conferencing to transact ordinary and special business.

The Board recommends a final dividend of ₹1.50 per equity share of face value ₹10 each for FY26. Shareholders on record as of September 10, 2026, will be eligible for the payout.

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. The register of members will remain closed from September 12 to September 17, 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.