Mahindra EPC Irrigation Limited has informed the Exchange regarding Appointment of Mr. K N Vaidyanathan as an Internal Auditor of the company w.e.f. May 06, 2026.
MAHEPC · price
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Mahindra EPC Irrigation reported strong FY2026 results with standalone revenue of Rs 312 Cr (up 14.4% YoY) and PAT of Rs 12.69 Cr (up 75.9% YoY). The Board approved appointment of Mr. K N Vaidyanathan (former SEBI Executive Director, currently Group Chief Internal Auditor at Mahindra) as Internal Auditor from May 6, 2026. Two new Independent Directors were appointed - Dr. Purvi Mehta (ex-Gates Foundation) and Mr. Balram Singh Yadav (former MD of Godrej Agrovet). Managing Director Mr. Ramesh Ramachandran was re-appointed for 3 years from September 2026. Company Secretary Mr. Ratnakar Nawghare retired (April 30) and Mr. Madhvendra Pratap Singh joined (May 1). The company disclosed material related party transactions with parent Mahindra & Mahindra exceeded prescribed limits, requiring SEBI settlement application. 8,284 equity shares were allotted under ESOS, increasing paid-up capital to Rs 27.95 Cr.
Strong financial performance with 76% PAT growth is positive. Appointment of high-profile independent directors with agri and global experience enhances governance. However, the disclosure of material RPT violations with the holding company raises governance concerns and may attract regulatory scrutiny.