Announced Mon, 6 Jul · 19:49 IST
Mamata Machinery board recommends 5% dividend; CEO change announced
Corporate Actions View source PDF
MAMATA · price
▲ 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
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.4-0.2-0.1-0.2-4.9-4.5-3.8-2.3-4.5-3.5————
Up moveDown movePending
AI summary
Board recommended 5% dividend (Rs. 0.5 per share on Rs. 10 face value) for FY ending March 31, 2026, pending shareholder approval. CEO Mr. Apurva N. Kane will superannuate on September 30, 2026 after 40+ years. Mr. Rajashekar Venkat (27+ years in capital equipment industry, ex-Kennametal, Mettler Toledo) takes over as CEO from October 1, 2026. Cost auditors C.B. Modh & Co and internal auditors Desai & Desai also appointed for FY27.
Likely market impact
Modest dividend may not excite income investors. Smooth CEO transition to seasoned industry veteran signals leadership continuity.