Board okays director redesignation, Jul 27 AGM, Re 0.01 dividend
MGEL · price
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Board on Jun 26 approved: (1) Mr. Chandragupt Prakash Mangal redesignated from MD to Non-Executive Non-Independent Director effective same day. (2) 16th AGM on Mon, Jul 27, 2026 at 2 PM via video conferencing. (3) Record date Fri, Jul 17, 2026 for final dividend of Re 0.01 per share (face value Re 1) for FY ended Mar 31, 2026. (4) Remote e-voting Jul 23 to 26. (5) Enabling resolution for converting outstanding secured or unsecured loans and debt into equity, subject to shareholder and regulatory approvals.
Minor final dividend of Re 0.01 per share. Loan-to-equity conversion enabling resolution may lead to potential equity dilution if approved by shareholders at the AGM.