Board recommends Rs 0.5/share final dividend, announces CEO change

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MAMATA · price

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Price reactionminutes from the announcement price · days from the prior close

-3.5%Reaction day

₹397.85

prior close

₹396.15

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.7%-2.8% vs market

Industrial Products peers, median of 129sector-0.9%-2.6% vs sector

On the reaction day the stock moved 2.8 pts less than Nifty Microcap 250 and 2.6 pts less than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.4

10m

-0.2

15m

-0.1

30m

-0.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-3.5-0.7-2.8-0.9-2.6

Next day

-4.9-2.7-2.2-2.7-2.2

-4.5-0.8-3.6-1.3-3.2

-3.8+0.5-4.3-0.5-3.2

-2.3+0.7-2.9-0.5-1.8

-4.5-0.3-4.1-0.7-3.8

-3.5-0.2-3.3-0.7-2.8

15d

-4.2-1.7-2.5-3.1-1.1

+7.6+2.7+4.9-1.9+9.5

+4.3+4.8-0.4-0.6+4.9

-0.7+3.2-4.0-0.8+0.1

UpDownMarket · Nifty Microcap 250Sector · Industrial Products peers, median of 129Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

The board of Mamata Machinery recommended a final dividend of Rs. 0.5 per share (5% on face value Rs. 10) for FY26, subject to shareholder approval. Separately, CEO Apurva N. Kane will retire on Sept 30, 2026 after over 40 years with the company. Rajashekar Venkat will take over as CEO from Oct 1, 2026, bringing 27 years of experience from senior roles at Kennametal, Markem-Imaje, Mettler Toledo and Domino Printing. The board also appointed C. B. Modh as cost auditors for FY27 and Desai and Desai as internal auditors.

Likely market impact

Modest Rs 0.5/share dividend, pending AGM approval. Smooth CEO transition to experienced industry veteran looks like a continuity play. Routine auditor changes.