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MAHEPC · price
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Mahindra EPC Irrigation Ltd has convened its 44th AGM on May 29, 2026 at The Express Inn, Nashik. For FY 2025-26, the company reported sales of Rs. 312.09 Cr (up from Rs. 272.67 Cr), PAT of Rs. 12.69 Cr (up from Rs. 7.21 Cr), and EPS of Rs. 4.54 (vs Rs. 2.58). Key agenda items include: adoption of audited financial statements; retirement of Chairman Mr. Shriprakash Shukla due to superannuation without seeking re-appointment; re-appointment of Managing Director Mr. Ramesh Ramachandran for 3 years from Sept 2026 at Rs. 36 lakh p.a.; appointment of two new Independent Directors (Mr. Balram Singh Yadav and Dr. Purvi Mehta Bhatt); and approval of commission to non-executive directors up to 1% of net profits for 3 years. Shareholders are also asked to ratify material related party transactions with holding company Mahindra & Mahindra Ltd (FY 2025-26: Rs. 4,877.88 lakh) and approve future transactions up to Rs. 150 crore for FY 2026-27.
Strong financial recovery continues — PAT nearly doubled year-on-year. The retirement of long-standing Chairman Shriprakash Shukla and appointment of two new independent directors signal a board transition. Large related party transactions with M&M (including a Rs. 20 crore inter-corporate deposit) require shareholder approval, reflecting ongoing reliance on the promoter group for funding.