Change in Directors of the Company
MAMATA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Mamata Machinery Limited reported its FY2026 audited financial results with standalone revenue of Rs 18,855.26 Lakhs and consolidated revenue of Rs 23,300.18 Lakhs. Net profit declined significantly due to a Rs 305.81 Lakhs exceptional charge related to new Indian labour codes implemented early. The company saw a director change where Mrs. Ruchita T. Patel resigned as Independent Director effective June 1, 2026 citing personal reasons. She was replaced by Mrs. Prachi P. Shah as Additional Non-Executive Independent Director for a 5-year term, subject to shareholder approval. The board also approved plans to open a branch office in Russia/CIS region pending regulatory clearances. Auditors SHBA & Co. LLP issued an unmodified opinion on the financial statements.
The resignation and immediate appointment of an independent director appears routine with no governance concerns flagged. The company maintains clean audit opinion but financial performance shows notable decline year-over-year, partly attributed to one-time labour code implementation costs.