CEO retirement, new CEO appointed alongside 5 percent dividend
MAMATA · price
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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.
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Mamata Machinery's Board approved a 5 percent dividend (Re 0.50 per share on face value Rs 10) for FY26. Mr. Apurva N. Kane will superannuate as CEO on September 30, 2026 after over 40 years of service. Mr. Rajashekar Venkat, with 27 years of experience at multinationals like Kennametal, Markem-Imaje, Mettler Toledo and Domino Printing, will take over as CEO from October 1, 2026. New Cost Auditors and Internal Auditors were also appointed.
Planned leadership transition to an experienced external CEO. Small dividend of Re 0.50 per share signals steady but modest shareholder returns.