Board Meeting Outcome: AGM set, new CMD appointed, AOA amended

Board & Shareholder Meetings View source PDF

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₹28.30

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AI summary

Mega Nirman Board met on 23 July 2026 and approved: 43rd AGM notice for 25 August 2026, FY26 Directors' Report, and share register closure from 18 to 25 August. NSDL appointed for e-voting; CA Shiva Nishad is scrutinizer. ESOP scheme agenda deferred. Articles of Association amended to enable ESOS, RSUs, SARs and sweat equity, subject to shareholder approval. Mr. Ankan Gupta now Chairman cum Managing Director for 5 years; Mr. Govind Mishra steps down as Chairman.

Likely market impact

Leadership change with Ankan Gupta taking over as Chairman cum MD. AOA revised to permit share-based incentive schemes. AGM on 25 August 2026.