Intimation of the Notice of AGM
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
DMR Engineering Ltd has sent out the notice for its 17th Annual General Meeting scheduled for Tuesday, June 30, 2026 at 11:30 AM via video conferencing. Shareholders will consider adoption of audited standalone and consolidated financial statements for FY 2025-26, and a final dividend of Rs. 0.14 per equity share (face value Rs. 10) has been recommended. Special business includes appointment of Mr. Divay Mittal as Whole-time Director (5 years), Mr. Arvind Bhat as Executive Director (2 years), Mr. Man Mohan Madan as Non-Executive Director (2 years), and re-appointment of Mrs. Rachana Agrawal as Independent Director (5 years). The company also seeks approval to amend its Object Clause to add engineering consulting, EPC services, power trading, and renewable energy generation businesses. Material related party transactions with subsidiary DM Consulting Engineers (up to Rs. 2 crore) and approval for managerial remuneration exceeding 11% of net profits are also on the agenda. Record date for dividend eligibility is June 22, 2026, with e-voting from June 27 to June 29, 2026.
Dividend of Rs. 0.14 per share is modest given the Rs. 10 face value, but signals positive cash generation. The MOA amendment signals a strategic push into power trading and renewable energy alongside core engineering work. Director appointments are routine, but the related party transaction with the subsidiary and the request to raise managerial remuneration cap above 11% of profits are points shareholders should review.