Board Meeting29 May 2026, 09:03 pm
Mamata Machinery: Director Change, Russia Branch Approved
AI Summary
Mamata Machinery Ltd's board meeting on May 29, 2026, approved the audited financial results for the year ended March 31, 2026, and saw the resignation of Independent Director Mrs. Ruchita T. Patel, effective June 1, 2026. Mrs. Prachi P. Shah was appointed as an Additional Independent Director. The Stakeholders Relationship Committee was reconstituted, and the board approved opening a branch office in Russia/CIS, subject to approvals.
Key Highlights
- Audited financial results (standalone & consolidated) for FY26 approved with unmodified opinion from auditors SHBA & Co. LLP.
- Mrs. Ruchita T. Patel resigned as Independent Director, effective June 1, 2026, due to personal reasons.
- Mrs. Prachi P. Shah appointed as an Additional Independent Director, subject to shareholder approval.
- Stakeholders Relationship Committee reconstituted following the appointment of the new director.
- Board approved opening a branch office in the Russian/CIS region, pending regulatory approvals.
Price Impact
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