Mahindra EPC Irrigation Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on May 29, 2026.
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Mahindra EPC Irrigation Limited has announced its 44th AGM scheduled for May 29, 2026 at The Express Inn Hotel, Nashik. The company reported strong financial performance for FY 2025-26 with sales growing 14.5% to Rs. 312.09 crore and PAT jumping 76% to Rs. 12.69 crore. Key agenda items include adoption of financial statements, retirement of Chairman Shriprakash Shukla due to superannuation, re-appointment of Managing Director Ramesh Ramachandran for 3 years at Rs. 36 lakh remuneration, appointment of two new Independent Directors (Balram Singh Yadav and Dr. Purvi Mehta Bhatt), and approval of commission for non-executive directors up to 1% of net profits. The meeting also seeks ratification of related party transactions with parent Mahindra & Mahindra Limited totaling Rs. 487.79 lakh for FY 2025-26 and approval for transactions up to Rs. 150 crore for FY 2026-27, including a Rs. 20 crore inter-corporate deposit taken in March 2026.
The company shows improved profitability and operational performance year-on-year. Shareholders should note the board changes including retirement of the chairman and two new independent director appointments. The related party transaction approvals with Mahindra & Mahindra are routine governance items.