Macpower CNC Machines Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 17, 2025
MACPOWER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Macpower CNC Machines has notified the 22nd AGM on Wednesday, September 17, 2025 at 2:00 PM IST at its registered office in GIDC Metoda, Rajkot, Gujarat. Shareholders will consider adopting FY2024-25 audited financials and approving a final dividend of Rs. 1.50 per share (15%) on 1,00,04,160 equity shares, totalling Rs. 1,50,06,240. The notice also seeks approval to re-appoint Mr. Rupesh J. Mehta as Managing Director and Mr. Nikesh J. Mehta as Whole-Time Director, each for a 5-year term from October 1, 2025, with monthly remuneration of Rs. 3 lakhs and Rs. 2 lakhs respectively (plus GST). Additionally, shareholders will ratify the Cost Auditor's remuneration of Rs. 40,000 plus GST for FY2025-26 and appoint M/s. K. P. Rachchh & Co. as Secretarial Auditor for five years. Record date is September 10, 2025, and remote e-voting runs from September 14 to September 16, 2025.
The announcement confirms a steady dividend payout and leadership continuity through re-appointments of both executive directors. Routine in nature with no surprises — investors should watch for any disclosures in the Annual Report that could shift sentiment around the stock.