Mahindra EPC Irrigation Limited , a key player in the irrigation sector, has initiated a postal ballot process to seek shareholder approval for the appointment of Mr. Rajeev Goyal as a Non-Executive Non-Independent Director on its Board. This move comes following the Board's decision to appoint Goyal as an Additional Director on July 19, 2025.

Strategic Addition to the Board

Mr. Rajeev Goyal, a 59-year-old Chartered Accountant, brings a wealth of experience to Mahindra EPC Irrigation. Currently serving as the CFO of Mahindra Group's Auto & Farm Sectors, Goyal oversees a consolidated global revenue of Rs. 92,000.00 crores. His extensive 35-year career spans diverse industries, with the last 19 years dedicated to various strategic positions within Mahindra & Mahindra.

Voting Process and Timeline

The company has set the following key dates for the voting process:

• E-voting Period: July 29 to August 28, 2025
• Cut-off Date for Voting Rights: July 25, 2025
• Result Announcement: On or before August 30, 2025

Mahindra EPC Irrigation has engaged KFIN Technologies Limited to facilitate the remote e-voting process, ensuring a smooth and transparent voting experience for shareholders.

Goyal's Expertise and Potential Contribution

Goyal's appointment is expected to bring valuable insights to Mahindra EPC Irrigation's board. His experience includes:

• Leading business performance transformation projects in both Farm and Auto sectors
• Spearheading initiatives to improve margins and optimize cost structures
• Driving implementations of governance, risk management, and compliance frameworks
• Involvement in various value creation and strategic business initiatives

Shareholder Information

The company has provided detailed instructions for shareholders to participate in the e-voting process. Shareholders whose email IDs are registered with the company or depositories will receive the Postal Ballot Notice via email. Those who haven't registered their email addresses are encouraged to do so to receive voting instructions.

Compliance with Regulations

This appointment and voting process align with Regulation 17(1C) of SEBI Listing Regulations, which requires companies to obtain shareholder approval for board appointments within three months or at the next general meeting, whichever is earlier.

Mahindra EPC Irrigation's move to appoint Rajeev Goyal reflects the company's commitment to strengthening its leadership team with experienced professionals. As shareholders prepare to cast their votes, the outcome of this postal ballot will be closely watched by industry observers and investors alike.

Mahindra EPC Irrigation , a key player in the irrigation solutions sector, has announced its financial results for the first quarter, showcasing a significant improvement in its performance across key metrics.

Revenue Surge

The company reported a substantial increase in revenue, reaching ₹620.00 million in Q1, up from ₹453.00 million in the same period last year. This represents a year-over-year growth of approximately 36.87%, indicating a strong market demand for the company's irrigation products and services.

Profitability Turnaround

In a noteworthy turnaround, Mahindra EPC Irrigation has swung to profitability in Q1. The company posted a net profit of ₹10.00 million, a significant improvement from the ₹26.00 million loss reported in the corresponding quarter of the previous year.

EBITDA Improvement

The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) also showed remarkable improvement:

The EBITDA turned positive at ₹27.00 million, compared to a loss of ₹23.00 million in the same quarter last year. The EBITDA margin for the current quarter stood at 4.42%, reflecting enhanced operational efficiency.

Management Commentary

While specific management comments were not provided in the available data, the financial results suggest that Mahindra EPC Irrigation's strategies for growth and operational improvements have begun to yield positive outcomes.

The company's ability to significantly increase revenue while simultaneously improving profitability indicates potential enhancements in market share, product mix, or operational efficiencies. The positive EBITDA and net profit figures also point towards better cost management and potentially improved economies of scale.

As Mahindra EPC Irrigation continues to navigate the dynamic irrigation sector, these Q1 results provide a solid foundation for the company's performance in the ongoing financial year. Stakeholders will likely be keen to observe if this positive momentum can be sustained in the coming quarters.