Announced Thu, 17 Apr · 21:35 IST

Mahindra EPC Irrigation Limited has informed the Exchange about Change in Management

Management Changes View source PDF

MAHEPC · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

The Board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025, with a clean (unmodified) opinion from statutory auditor BSR & Co. LLP. FY25 revenue from operations rose modestly to Rs 272.67 crores (from Rs 262.45 crores in FY24), while Q4 FY25 revenue jumped about 35% year-on-year to Rs 95.89 crores. Profit after tax more than quadrupled to Rs 7.21 crores in FY25 (from Rs 1.67 crores), with Q4 PAT at Rs 6.25 crores and full-year EPS at Rs 2.58 (vs Rs 0.60 earlier). The Board also approved the appointment of Ms. Ami Goda (DIN: 09136149) as a Non-Executive Non-Independent Director, subject to shareholder approval, and named new Secretarial and Cost Auditors. Additionally, 8,278 shares were allotted under the ESOS 2014, taking paid-up capital to Rs 27.94 crores, and the 43rd AGM was fixed for July 18, 2025.

Likely market impact

Strong profit growth and a sharp Q4 revenue rebound are positive for shareholders, though the bottom-line boost is partly driven by lower material costs and absence of exceptional items. The new director and auditor changes are routine governance items and unlikely to move the stock on their own.