Mamata Machinery Appoints New CEO, Declares 5% Dividend

Mamata Machinery Ltd announced key management changes and a dividend declaration following a Board of Directors meeting on July 06, 2026. Mr. Apurva N. Kane will retire as CEO on September 30, 2026, after over four decades of service. Mr. Rajashekar Venkat, with over 27 years of experience in capital equipment manufacturing, will succeed him as CEO effective October 01, 2026. The Board also recommended a dividend of 5% (Rs. 0.5 per share) for the financial year ended March 31, 2026. Additionally, M/s. C. B. Modh & Co. were appointed as Cost Auditors for FY 2026-27, and M/s. Desai & Desai as Internal Auditors.