Power Mech Projects Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 22, 2025
POWERMECH · price
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Power Mech Projects Limited has informed the exchanges about its 26th Annual General Meeting scheduled for Monday, September 22, 2025, at 10:00 a.m. via video conferencing. The Board has recommended a final dividend of ₹1.25 per equity share (12.5%) on shares of ₹10 face value for FY ended March 31, 2025, with September 15, 2025 set as the record date. Key resolutions include the re-appointment of Mrs. Sajja Lakshmi (rotational director) and Mr. Sajja Kishore Babu as Managing Director for another 5 years from April 1, 2026 (salary of ₹18 lakh per month plus up to 5% commission on net profits). Additional items seek approval to appoint Mr. Sajja Rohit as Whole-Time Director (up to ₹20 lakh per month plus 2% commission), Mr. Bontha Prasada Rao as Independent Director, ratification of cost and secretarial auditors, related party transactions with subsidiaries for 3 years, and consultancy fees of ₹3.80 lakh per month to a Non-Executive Director.
Shareholders on the record date of September 15, 2025, will be eligible for the ₹1.25 dividend and can vote electronically between September 19 and September 21, 2025. The resolutions on director re-appointments and related party transactions are routine governance items but may draw attention given the promoter-family remuneration structure being proposed.