Mahindra EPC Irrigation Limited has informed the Exchange regarding Allotment of 8,284 Equity Shares of Rs.10 each on 21st April, 2026 to the employees who have exercised their Stock Options under the Company's Employees Stock Options Scheme, 2014.
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Mahindra EPC Irrigation Limited held its Board meeting on April 21, 2026, approving multiple matters including audited financial results for FY2026. Standalone revenue grew to Rs 312 crore from Rs 272.67 crore in the prior year, with profit after tax improving to Rs 12.69 crore (vs Rs 7.21 crore). The company allotted 8,284 equity shares of Rs 10 each to employees exercising stock options under ESOS 2014, increasing paid-up capital to Rs 27.95 crore (2,79,50,753 shares). Key appointments include Dr. Purvi Mehta and Mr. Balram Singh Yadav as Independent Directors, and re-appointment of Mr. Ramesh Ramachandran as Managing Director. B S R & Co. LLP was re-appointed as statutory auditors. The company also disclosed material related party transactions with Mahindra & Mahindra Limited that exceeded prescribed limits, for which SEBI settlement application is being considered.
The company delivered strong financial growth with PAT up 62% YoY. The ESOS allotment is a minor dilution (0.03%) and signals employee retention. New high-profile independent directors with agri-sector expertise could strengthen governance. SEBI settlement for RPT contravention is a regulatory risk to monitor.