Board Meeting6 Jul 2026, 07:50 pm
Mamata Machinery Recommends 5% Dividend, Appoints New CEO
AI Summary
Mamata Machinery Ltd's Board of Directors met on July 06, 2026, approving a 5% dividend (Rs. 0.5 per share) for the fiscal year ended March 31, 2026. The board also noted the retirement of CEO Mr. Apurva N. Kane, effective September 30, 2026, and appointed Mr. Rajashekar Venkat as the new CEO, effective October 01, 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. The meeting commenced at 4:30 PM IST and concluded at 5:51 PM IST.
Key Highlights
- Recommended a 5% dividend (Rs. 0.5 per share) for FY26.
- Approved appointment of Mr. Rajashekar Venkat as new CEO.
- Noted retirement of current CEO Mr. Apurva N. Kane.
- Appointed Cost Auditors and Internal Auditors for FY27.
Price Impact
More from MAMATA