Power Mech Projects Ltd

Power Mech Projects Ltd has secured a significant domestic order worth ₹549.37 Crores from MOXIE POWER GENERATION LIMITED, an Adani Group company. The contract involves providing comprehensive Operation and Maintenance (O&M) services for the 2x600 MW Moxie Power Generation Ltd Tuticorin Thermal Power Plant. This 60-month contract is scheduled to commence on October 1, 2026, and conclude on September 30, 2031. The order is not a related party transaction, and no promoter or group company has an interest in the awarding entity.

Power Mech Projects Ltd has announced the closure of its trading window for all designated persons, their immediate relatives, and connected persons. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal codes. The trading window will be shut from October 1, 2026, and will reopen 48 hours after the declaration of the un-audited financial results for the second quarter and half-year ended September 30, 2026. This measure is standard practice to prevent potential insider trading before the announcement of financial results.

Power Mech Projects Ltd has announced securing a significant order worth ₹279.20 Crores from TELANGANA POWER GENERATION CORPORATION LIMITED. The contract involves comprehensive Operation & Maintenance (Mechanical, Electrical, C&I) and upkeeping work for the Ash handling Plant and Coal handling plant of YTPS (5X800 MW). This domestic order is for a period of 3 years from the date of issuance of LOI/Order Confirmation. The consideration excludes GST, with a Price Variation Clause applicable for the second and third years.

Power Mech Projects Ltd has submitted a revised copy of its Annual Report for the Financial Year 2025-26. This revision is limited to editorial and design enhancements in the introductory business description, aimed at improving the report's presentation and quality. Crucially, there are no changes to the financial statements, statutory disclosures, or compliance-related matters. The company has updated the link on its website to ensure shareholders have access to the revised version. The original Annual Report was submitted on August 26, 2026, along with the notice for the 27th Annual General Meeting scheduled for September 17, 2026.

Power Mech Projects Ltd has announced securing a significant Operations and Maintenance (O&M) contract from Vedanta Power Limited for its 2x600 MW Sakti Thermal Plant in Chhattisgarh. The contract is valued at ₹970 Crores, comprising a basic value of ₹890 Crore and ₹80 Crore for additional services, excluding GST. This domestic contract is for an end-to-end O&M scope and is to be executed within 60 months from the issuance of the Letter of Intent (LOI) or Order Confirmation. The company confirmed that neither the promoter group nor group companies have any interest in Vedanta Power Limited, and the contract does not fall under related party transactions.

Power Mech Projects Ltd announced that Mr. Vivek Paranjpe, Non-Executive and Independent Director, will cease to be a Director upon completion of his second and final term on August 30, 2026. The company expressed gratitude for his contributions as a director and his service as Chairman of the Nomination and Remuneration Committee and member of the Audit Committee. This change is in accordance with SEBI Listing Regulations.

Power Mech Projects Ltd has filed its Annual Report for the Financial Year 2025-26, along with the notice for its 27th Annual General Meeting (AGM). The AGM is scheduled for September 17, 2026, at 9:30 a.m. IST and will be conducted via Video Conferencing (VC) / Other Audio Visual Means (OAVM). The annual report, detailing the company's performance, financial statements, and future outlook, is also available on the company's website. The report highlights the company's strategic shift towards integrated EPC projects, expansion in mining operations, and growth in recurring revenue streams, emphasizing its strengthened business model and preparedness for future opportunities.

Power Mech Projects Ltd has announced that its 27th Annual General Meeting (AGM) will be held on Thursday, September 17, 2026, at 9:30 a.m. IST via Video Conferencing (VC) and Other Audio Visual Means (OAVM). The company will close its register of members and share transfer books from September 11 to September 17, 2026, inclusive, for the AGM. Members as of the cut-off date, September 10, 2026, are eligible for remote e-voting and participation. Remote e-voting will be open from September 13 to September 16, 2026. The record date for any potential dividend approval is also September 10, 2026. National Securities Depository Limited (NSDL) will provide the e-voting and VC platform.

Power Mech Projects Ltd has fixed Thursday, September 10, 2026, as the Record Date for its 27th Annual General Meeting (AGM) scheduled for Thursday, September 17, 2026. The AGM will be held via Video Conferencing (VC) / Other Audio Visual Means (OAVM) starting at 9:30 a.m. IST. This record date is for determining shareholder entitlement for the final dividend for the financial year ended March 31, 2026. The dividend, if approved by shareholders at the AGM, will be paid or dispatched within 30 days of approval.

Power Mech Projects Ltd has announced its 27th Annual General Meeting (AGM) will be held on September 17, 2026, at 9:30 a.m. IST via Video Conferencing. The agenda includes the adoption of audited standalone and consolidated financial statements for FY26, declaration of a 15% dividend (₹1.50 per share), re-appointment of director Mr. M. Rajiv Kumar, appointment of Mrs. Vasundhara Sinha as an independent director, and approval of the "Power Mech Projects Limited - Employee Stock Option Plan - 2026". The notice is available on the company's website.