Board Meeting8 Aug 2026, 07:31 pm
Power Mech Projects Approves Financial Results and ESOP Plan
AI Summary
Power Mech Projects Ltd's Board of Directors met on August 8, 2026, approving the un-audited standalone and consolidated financial results for the quarter ended June 30, 2026. The board also approved an Employee Stock Option Plan (ESOP) for eligible employees, subject to shareholder and regulatory approvals. Additionally, Mrs. Sajja Lakshmi resigned as a Non-Executive and Non-Independent Director due to personal commitments, and the board accepted her resignation. The meeting also saw the re-constitution of various board committees and the dissolution of the Investment Committee. The financial results and review reports are attached.
Key Highlights
- Approved un-audited financial results for Q1 FY27.
- Approved Employee Stock Option Plan (ESOP) for employees.
- Accepted resignation of Non-Executive Director Mrs. Sajja Lakshmi.
- Re-constituted board committees and dissolved Investment Committee.
Price Impact
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