Pursuant to Regulation 30 of SEBI (LODR) Regulations 2015 read with para-A of Schedule III, please find enclosed the proceedings of the 44th Annual General Meeting of the Company.
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Mahindra EPC Irrigation Ltd held its 44th AGM on May 29, 2026 via video conferencing, attended by 41 members representing 26,600 shareholders. The meeting approved standalone and consolidated financial statements for FY 2025-26 with no audit qualifications. Key resolutions included retirement of Chairman Shriprakash Shukla due to superannuation (not seeking reappointment), re-appointment of B S R & Co. LLP as statutory auditors for 5 years, and re-appointment of Managing Director Ramesh Ramachandran for 3 years from September 2026. Two new independent directors (Balram Singh Yadav and Dr. Purvi Mehta Bhatt) were appointed for 5-year terms. The meeting also approved commission payments to independent and non-executive directors for 3 years and ratified related party transactions with Mahindra & Mahindra Limited for both FY 2025-26 and FY 2026-27. Voting results and scrutinizer report will be filed separately.
Routine AGM with smooth conduct indicating stable governance. Key change is the retirement of long-serving Chairman Shriprakash Shukla, while management continuity maintained through MD re-appointment and new independent director appointments strengthen the board.