Board approves 5 percent dividend, new CEO from October 2026

Board & Shareholder Meetings View source PDF

MAMATA · 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 14 horizons · vs prior close

-4.9%1-day move

₹397.85

prior close

₹396.15

base price

After-mkt

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AI summary

Board of Mamata Machinery approved a 5 percent dividend (Rs 0.50 per share on face value Rs 10) for FY ending March 31, 2026, pending shareholder approval. CEO Apurva N. Kane will superannuate on September 30, 2026 after 4 decades with the company. Rajashekar Venkat, with 27 years experience in capital equipment manufacturing across firms like Kennametal and Domino Printing, will take over as CEO from October 1, 2026. Also appointed C. B. Modh and Co as Cost Auditors for FY27 and Desai and Desai as Internal Auditors.

Likely market impact

Modest dividend; smooth CEO succession planned. Routine auditor appointments. Mildly positive for governance continuity.