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Latest filing: 2026-07-16 19:07
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28 announcements match the current filters (relevance ≥ 5).
Mahindra EPC Appoints Rajeev Goyal as Chairman and Vimal Agarwal as Internal Auditor
Mahindra EPC Irrigation has appointed Mr. Rajeev Goyal as Chairman of the Board and Mr. Vimal Agarwal as Internal Auditor for a three-year term, effective July 16, 2026. Mr. Goyal, a 35-year veteran, currently serves as the CFO of Mahindra Group's Auto & Farm Sectors, which manages a consolidated revenue of approximately Rs 92,000 crore. Mr. Agarwal brings 25 years of experience and currently holds the position of Group Chief Internal Auditor at Mahindra & Mahindra. These appointments signify a strengthening of leadership ties between the company and its parent group, which holds a 54.2% stake.
Confidence: HIGH
What changedThe company has appointed a new Chairman and a new Internal Auditor, both of whom are high-ranking executives within the Mahindra & Mahindra parent group.
Why it mattersPlacing the CFO of Mahindra's largest business vertical as Chairman suggests tighter strategic alignment with the parent group and potentially better access to group-level governance and financial expertise.
Parent Segment Revenue (AFS): Rs 92,000 crInternal Auditor Tenure: 3 yearsChairman Experience: 35+ yearsInternal Auditor Experience: 25 yearsPromoter Holding: 54.2%
📅 Short termThe market is likely to view the appointment of senior parent-group leadership as a positive signal for corporate governance and operational oversight.
📈 Long termThis move reinforces the 'Mahindra' brand moat and could lead to improved operational efficiencies and better execution of the company's 17-20% growth target.
Key Highlights
Appointment of Mr. Rajeev Goyal as Chairman of the Board effective July 16, 2026.
Mr. Goyal oversees the Mahindra Auto & Farm Sectors with a global revenue of ~Rs 92,000 crore ($11 billion).
Appointment of Mr. Vimal Agarwal as Internal Auditor for a fixed tenure of 3 years.
Mr. Agarwal has 25 years of experience in finance and governance across MNCs and listed Indian entities.
The board meeting concluded at 4:30 P.M. on July 16, 2026, following these approvals.
👀 What to Watch
Monitor if this leadership change accelerates the company's strategy to rebalance its portfolio toward non-subsidy business and improve its 263-day working capital cycle.
Mahindra EPC Appoints M&M Auto & Farm CFO as Chairman; New Internal Auditor Named
Mahindra EPC Irrigation has appointed Mr. Rajeev Goyal as Chairman of the Board effective July 16, 2026. Mr. Goyal is the CFO of Mahindra & Mahindra's Auto & Farm Sectors, which manages a consolidated revenue of approximately Rs 92,000 Cr. Additionally, the company appointed Mr. Vimal Agarwal, the Group Chief Internal Auditor of M&M, as its Internal Auditor for a three-year term. These appointments signify stronger governance and strategic alignment with the parent company, which holds a 54.2% stake.
Confidence: HIGH
What changedThe company has transitioned its leadership by appointing a new Chairman and Internal Auditor, both of whom are senior executives from the Mahindra Group.
Why it mattersThe involvement of top-tier M&M leadership suggests tighter corporate governance and potential for better strategic execution, especially in leveraging M&M's global network for exports and optimizing cost structures.
Chairman's Parent-Sector Revenue: Rs 92,000 CrInternal Auditor Term: 3 yearsPromoter Holding: 54.2%TTM Revenue: Rs 312 CrTTM PAT: Rs 13 Cr
📅 Short termThe market is likely to view the infusion of senior parent-level leadership as a positive sign for governance and strategic direction.
📈 Long termStructural alignment with M&M's Auto & Farm sector could help the company navigate its high working capital cycle (263 days) and expand its international footprint.
⚠ Risk flags
- High dependency on state government nodal agencies for subsidy-based revenue remains a core risk.
Key Highlights
Appointment of Mr. Rajeev Goyal as Chairman, bringing 35+ years of experience and oversight of a Rs 92,000 Cr revenue vertical.
Mr. Vimal Agarwal appointed as Internal Auditor for a fixed period of 3 years starting July 16, 2026.
Board approved the un-audited standalone and consolidated financial results for the quarter ended June 30, 2026.
The new Chairman has been a Non-Executive Director on the board since July 19, 2025.
The appointments leverage senior leadership from the parent company, Mahindra & Mahindra Limited.
👀 What to Watch
Investors should review the Q1 FY27 financial results released alongside this announcement to check for improvements in operating margins (TTM OPM is 6.9%) and progress on the non-subsidy business strategy.
MAHEPC Approves Q1 FY27 Results; Appoints M&M Auto & Farm CFO Rajeev Goyal as Chairman
Mahindra EPC Irrigation (MAHEPC) has approved its unaudited financial results for the quarter ended June 30, 2026. In a significant leadership move, the company appointed Mr. Rajeev Goyal, the CFO of Mahindra & Mahindra’s $11 billion Auto & Farm Sectors, as the Chairman of the Board. Furthermore, Mr. Vimal Agarwal, the Group Chief Internal Auditor of M&M, has been appointed as the Internal Auditor for a three-year term. These appointments underscore the strategic oversight and governance support provided by the parent Mahindra Group, which maintains a 54.2% stake.
Confidence: HIGH
What changedThe company has transitioned its board leadership to Mr. Rajeev Goyal and updated its internal audit function with a senior Mahindra Group executive.
Why it mattersThe appointment of high-ranking M&M group executives to the board signals strong parent-level commitment and provides the company with access to top-tier strategic and financial expertise to manage its working capital-intensive irrigation business.
TTM Revenue: Rs 312 CrChairman's Parent Sector Revenue: ~$11 bnInternal Auditor Tenure: 3 yearsPromoter Holding: 54.2%Debt to Equity: 0.24
📅 Short termThe market will focus on the specific Q1 FY27 revenue and margin performance relative to the previous year's June quarter (Revenue Rs 62.04 Cr, OPM 4.4%).
📈 Long termThe leadership change reinforces the company's strategy to integrate with M&M’s global farm distribution network and improve operational efficiency through parent-led governance.
⚠ Risk flags
- High dependency on state government subsidy disbursements
- Stretched working capital cycle (263 days in FY25)
Key Highlights
Board approved standalone and consolidated financial results for the quarter ended June 30, 2026
Mr. Rajeev Goyal appointed as Chairman; he oversees M&M's Auto & Farm sectors with ~$11 billion in global revenue
Mr. Vimal Agarwal appointed as Internal Auditor for a fixed term of 3 years starting July 16, 2026
The board meeting was conducted in 65 minutes, commencing at 3:25 PM and concluding at 4:30 PM
Company continues to leverage M&M parentage for governance, with the new Chairman being a member of the AFLC governing body
👀 What to Watch
Investors should review the detailed Q1 FY27 financial tables once published to check for improvements in the 263-day debtor cycle and the progress of the shift toward non-subsidy business segments.
Mahindra EPC Bags Four Micro Irrigation Orders Worth Rs 17.15 Crore
Mahindra EPC Irrigation Limited has secured four domestic contracts for the supply of Micro Pressurized Irrigation Systems under a community micro irrigation project. The aggregate value of these orders is approximately Rs 17.15 crore, including GST. The project covers a total area of 680 hectares and is expected to be executed within 11 months from the date of site handover. These orders were awarded by the Office of the Executive Engineer, Electrical and Mechanical Heavy Plant Division.
Key Highlights
Secured four separate contracts for Micro Pressurized Irrigation Systems.
Aggregate order value is approximately Rs 17.15 crore inclusive of GST.
The projects cover a total land area of 680 hectares.
Execution timeline is 11 months from the date of site handover for respective orders.
Orders awarded by the Office of the Executive Engineer, Electrical and Mechanical Heavy Plant Division.
👀 What to Watch
Investors should view this as a positive development for the company's order book, providing revenue visibility for the upcoming fiscal year. Monitor the company's execution pace and margin maintenance on these government-linked projects.
Mahindra EPC 44th AGM: MD Re-appointed for 3 Years and New Independent Directors Inducted
Mahindra EPC Irrigation Limited concluded its 44th Annual General Meeting on May 29, 2026, where shareholders approved 11 key resolutions. Significant management changes include the retirement of Chairman Shriprakash Shukla due to superannuation and the re-appointment of Ramesh Ramachandran as Managing Director for a three-year term starting September 2026. The company also appointed two new Independent Directors for five-year terms and re-appointed B S R & Co. LLP as Statutory Auditors for a five-year tenure. Additionally, material related party transactions with the promoter group, Mahindra & Mahindra, were ratified for FY 2025-26 and FY 2026-27.
Key Highlights
Re-appointment of Mr. Ramesh Ramachandran as Managing Director for a 3-year term effective September 1, 2026.
Appointment of Mr. Balram Singh Yadav and Dr. Purvi Mehta Bhatt as Independent Directors for 5-year terms until April 2031.
Re-appointment of B S R & Co. LLP as Statutory Auditors for a 5-year period until the conclusion of the 49th AGM.
Approval of material related party transactions with Mahindra & Mahindra Limited for FY 2025-26 and FY 2026-27.
Retirement of Chairman Shriprakash Shukla at the conclusion of the 44th AGM due to superannuation.
👀 What to Watch
Investors should note the leadership continuity provided by the MD's re-appointment and monitor the impact of the Chairman's retirement on board dynamics. The approval of related party transactions with the parent company remains a standard but important area to watch for operational synergy.
Mahindra EPC Shifts AGM to Virtual Mode; FY26 Net Profit Surges 76% to ₹12.69 Cr
Mahindra EPC Irrigation has issued a corrigendum to move its 44th Annual General Meeting, scheduled for May 29, 2026, from a physical format to Video Conferencing (VC/OAVM). The company reported strong financial results for FY 2025-26, with revenue growing 14.4% to ₹312.09 crores. Net profit (PAT) saw a significant jump of 76%, reaching ₹12.69 crores compared to ₹7.21 crores in the previous fiscal. Key leadership updates include the retirement of Chairman Shriprakash Shukla and the re-appointment of Managing Director Ramesh Ramachandran for a three-year term.
Key Highlights
Revenue from operations increased to ₹312.09 crores in FY26 from ₹272.67 crores in FY25.
Profit After Tax (PAT) surged 76% year-on-year to ₹12.69 crores, with EPS rising to ₹4.54.
EBITDA improved significantly to ₹25.29 crores in FY26 compared to ₹16.35 crores in FY25.
Managing Director Ramesh Ramachandran re-appointed for 3 years at ₹36 lakhs per annum.
Chairman Shriprakash Shukla to retire due to superannuation; the board vacancy will not be filled.
👀 What to Watch
Investors should take note of the significant margin improvement and PAT growth which outpaced revenue growth. Shareholders should participate in the virtual AGM to vote on the re-appointment of the Managing Director and adoption of financial statements.
Mahindra EPC Reports 76% PAT Growth in FY26; AGM Scheduled for May 29, 2026
Mahindra EPC Irrigation Limited has issued a notice for its 44th Annual General Meeting to be held on May 29, 2026, following a year of strong financial recovery. For FY 2025-26, the company reported a 14.4% increase in sales to ₹312.09 crores and a significant 76% jump in Profit After Tax to ₹12.69 crores. Key agenda items include the re-appointment of Mr. Ramesh Ramachandran as Managing Director for a three-year term and the retirement of Chairman Mr. Shriprakash Shukla. The company's EBITDA also saw a healthy rise to ₹25.29 crores from ₹16.35 crores in the previous year.
Key Highlights
Revenue from operations grew 14.4% YoY to ₹312.09 crores in FY 2025-26
Net Profit (PAT) surged 76% to ₹12.69 crores compared to ₹7.21 crores in FY 2024-25
EBITDA improved significantly to ₹25.29 crores, up from ₹16.35 crores in the previous fiscal
Earnings Per Share (EPS) increased to ₹4.54 from ₹2.58
Proposed re-appointment of MD Ramesh Ramachandran with a consolidated remuneration of ₹36 lakhs per annum
👀 What to Watch
Investors should view the strong bottom-line growth and margin expansion as a positive sign of operational efficiency. The re-appointment of the Managing Director provides leadership continuity, though the Chairman's retirement should be monitored for future board composition changes.
Mahindra EPC Irrigation Reports 76% PAT Growth to ₹12.69 Cr in FY26; Sales Up 14%
Mahindra EPC Irrigation Limited reported a strong financial performance for FY 2025-26, with revenue from sales increasing by 14.4% to ₹312.09 crore. Profit After Tax (PAT) saw a significant jump of 76%, reaching ₹12.69 crore compared to ₹7.21 crore in the previous year. The company also announced the retirement of Chairman Shriprakash Shukla due to superannuation and the re-appointment of Ramesh Ramachandran as Managing Director for a three-year term.
Key Highlights
Revenue from sales grew to ₹312.09 crore in FY26 from ₹272.67 crore in FY25
Net Profit (PAT) increased by 76% YoY to ₹12.69 crore
EBITDA improved significantly to ₹25.29 crore from ₹16.35 crore in the previous year
Earnings Per Share (EPS) rose to ₹4.54 from ₹2.58
Company scheduled its 44th Annual General Meeting for May 29, 2026
👀 What to Watch
Investors should take note of the consistent improvement in margins and bottom-line growth over the last three years. The stock remains a watch for further scalability in the micro-irrigation sector under the re-appointed leadership.
Mahindra EPC FY26 Revenue Grows 14.8% to ₹315.8 Cr; PBT Rises to ₹16.99 Cr
Mahindra EPC reported a strong FY26 with revenue reaching ₹315.8 crores, outperforming the industry growth rate of 6-7%. Profit Before Tax (PBT) improved significantly to ₹16.99 crores from ₹10.7 crores in the previous year, despite a ₹2.1 crore provision for social security codes. While Q4 PBT dipped to ₹6.4 crores due to a sharp 58-59% spike in raw material prices in March, the company maintained a 1% saving in material costs for the full year through strategic sourcing. The management is focusing on non-subsidy business and irrigation projects to mitigate working capital risks associated with government payments.
Key Highlights
FY26 revenue grew 14.8% YoY to ₹315.8 crores, significantly higher than the estimated industry growth of 6-7%.
Full-year PBT increased by 58.8% to ₹16.99 crores compared to ₹10.7 crores in FY25.
Raw material costs for PE pipe grades surged by nearly 59% in February-March 2026 due to geopolitical tensions.
The company achieved a 1% reduction in material costs as a percentage of revenue for the full year through product mix optimization.
Micro irrigation penetration in India remains low at 17-18% of the 72 million hectare potential, providing a long-term growth runway.
👀 What to Watch
Investors should monitor the company's transition towards non-subsidy revenue streams and shorter collection cycles to reduce receivable risks. The stock remains a solid play on India's agricultural productivity and water conservation themes.
Mahindra EPC Reports Record FY26 Revenue of ₹315.79 Cr; PAT Surges 76% YoY
Mahindra EPC Irrigation delivered a strong performance in FY26, reporting its highest-ever annual revenue of ₹315.79 crore, a 14.5% increase over the previous year. Profitability saw a significant jump, with Profit After Tax (PAT) rising 76% to ₹12.69 crore and Profit Before Tax (PBT) growing 58.5% to ₹16.99 crore. The growth was driven by a strategic shift towards non-subsidy business and improved financial discipline despite headwinds like uneven rainfall and delayed government fund releases. The reduction in GST on micro-irrigation systems from 12% to 5% is expected to further support future demand and margins.
Key Highlights
Highest-ever annual revenue of ₹315.79 crore, representing a 14.5% YoY growth.
Profit After Tax (PAT) surged by 76% to ₹12.69 crore from ₹7.21 crore in FY25.
Profit Before Tax (PBT) increased by 58.5% to reach ₹16.99 crore.
Strategic shift towards non-subsidy business models helped mitigate risks from delayed government funds.
Beneficiary of GST reduction on micro-irrigation systems from 12% to 5%.
👀 What to Watch
The company's focus on reducing subsidy dependence and improving margins makes it an attractive play in the agri-infrastructure space. Investors should monitor the execution of the new work-order pipeline and the impact of the upcoming monsoon on rural demand.
Mahindra EPC Allots 8,284 ESOP Shares and Reports RPT Regulatory Contravention
Mahindra EPC Irrigation has announced the allotment of 8,284 equity shares under its 2014 ESOP scheme, increasing the total paid-up capital to Rs 27.95 crore. The board has approved the re-appointment of Mr. Ramesh Ramachandran as Managing Director for a three-year term and inducted two new Independent Directors with extensive agri-business experience. Notably, the company disclosed that material Related Party Transactions with Mahindra & Mahindra exceeded regulatory limits in FY26, and it intends to file a settlement application with SEBI for this contravention.
Key Highlights
Allotment of 8,284 equity shares on April 21, 2026, under the 2014 ESOP scheme.
Re-appointment of Mr. Ramesh Ramachandran as Managing Director for 3 years effective September 2026.
Disclosure of a breach in material Related Party Transaction limits with promoter group for FY26.
Planned application for SEBI settlement regarding contravention of Regulation 23(4) of LODR.
Appointment of Dr. Purvi Mehta and Mr. Balram Singh Yadav as Independent Directors for 5-year terms.
👀 What to Watch
Investors should monitor the progress of the SEBI settlement regarding the RPT breach for any potential penalties. The strengthening of the board with experienced independent directors is a positive governance development.
Mahindra EPC Re-appoints MD Ramesh Ramachandran; Inducts Godrej Agrovet MD to Board
Mahindra EPC Irrigation has approved the re-appointment of Mr. Ramesh Ramachandran as Managing Director for a three-year term effective September 1, 2026. The board has also strengthened its governance by appointing industry veterans Dr. Purvi Mehta and Mr. Balram Singh Yadav (MD of Godrej Agrovet) as Independent Directors for five-year terms. Notably, the company disclosed a breach in Material Related Party Transaction (RPT) limits with Mahindra & Mahindra for FY26 and is seeking a settlement with SEBI. Additionally, the company allotted 8,284 equity shares under its ESOS, bringing the total paid-up capital to Rs 27.95 crore.
Key Highlights
Re-appointment of Ramesh Ramachandran as MD for a 3-year term starting September 1, 2026.
Appointment of Balram Singh Yadav (MD, Godrej Agrovet) and Dr. Purvi Mehta as Independent Directors for 5 years.
Company to file for SEBI settlement regarding contravention of RPT limits with promoter group Mahindra & Mahindra.
Allotment of 8,284 ESOS shares increases paid-up capital to Rs 27,95,07,530.
44th Annual General Meeting (AGM) scheduled for May 29, 2026, to ratify these appointments.
👀 What to Watch
The induction of high-caliber independent directors from the agri-business sector is a significant positive for long-term strategy and governance. Investors should view the leadership continuity as a sign of stability, while keeping a minor watch on the SEBI settlement process for RPT limit breaches.
Mahindra EPC Appoints New Directors, Re-appoints MD, and Discloses SEBI RPT Breach
Mahindra EPC Irrigation has announced a significant board refresh, appointing Dr. Purvi Mehta and Mr. Balram Singh Yadav as Independent Directors for five-year terms. The company also confirmed the re-appointment of Mr. Ramesh Ramachandran as Managing Director for three years starting September 2026. Notably, the company disclosed it exceeded material Related Party Transaction (RPT) limits with Mahindra & Mahindra in FY 2025-26 and will seek a settlement with SEBI for this regulatory contravention. Additionally, the board approved audited FY26 results and allotted 8,284 shares under its ESOS program, bringing the total paid-up capital to Rs 27.95 crore.
Key Highlights
Appointment of Dr. Purvi Mehta and Mr. Balram Singh Yadav as Independent Directors for 5-year terms effective April 21, 2026.
Re-appointment of Mr. Ramesh Ramachandran as Managing Director for 3 years effective September 1, 2026.
Disclosure of exceeding material RPT limits with promoter group in FY26, with plans to file for SEBI settlement proceedings.
Paid-up equity capital increased to Rs 27.95 crore following the allotment of 8,284 shares under ESOS.
Audited financial results for FY ended March 31, 2026, received an unmodified opinion from statutory auditors B S R & Associates LLP.
👀 What to Watch
Investors should take note of the high-profile board additions, particularly Mr. Balram Singh Yadav (ex-MD of Godrej Agrovet), which strengthens leadership. However, the regulatory breach regarding Related Party Transactions requires monitoring to ensure the SEBI settlement does not lead to significant financial or reputational impact.
Mahindra EPC Appoints Balram Singh Yadav to Board; Re-appoints MD & Discloses RPT Breach
Mahindra EPC Irrigation has strengthened its leadership by appointing Balram Singh Yadav (former MD of Godrej Agrovet) and Dr. Purvi Mehta as Independent Directors for five-year terms. The board also approved the re-appointment of Managing Director Ramesh Ramachandran for a three-year term starting September 2026. Crucially, the company disclosed a breach of Material Related Party Transaction limits with its promoter, Mahindra & Mahindra, and plans to file a settlement application with SEBI. Additionally, the company's paid-up capital increased to Rs 27.95 crore following an ESOS allotment of 8,284 shares.
Key Highlights
Appointment of Balram Singh Yadav and Dr. Purvi Mehta as Independent Directors for 5-year terms effective April 21, 2026.
Re-appointment of Ramesh Ramachandran as Managing Director for a 3-year term starting September 1, 2026.
Disclosure of a breach in Material Related Party Transaction limits with Mahindra & Mahindra for FY 2025-26, requiring a SEBI settlement application.
Paid-up equity capital increased to Rs 27,95,07,530 following the allotment of 8,284 equity shares under ESOS.
The 44th Annual General Meeting is scheduled for May 29, 2026, with book closure starting May 25, 2026.
👀 What to Watch
Investors should monitor the SEBI settlement process regarding the RPT breach as it reflects on internal compliance controls. However, the addition of high-caliber industry veterans to the board is a positive sign for future governance and strategic direction.
Mahindra EPC Re-appoints MD Ramesh Ramachandran; Appoints Godrej Agrovet MD to Board
Mahindra EPC Irrigation has approved the re-appointment of Mr. Ramesh Ramachandran as Managing Director for a three-year term starting September 1, 2026. The board is being significantly strengthened with the appointment of Dr. Purvi Mehta and Mr. Balram Singh Yadav (MD of Godrej Agrovet) as Independent Directors for five-year terms. The company also reported the allotment of 8,284 equity shares under its ESOS, increasing the total paid-up capital to approximately Rs 27.95 crore. Notably, the company plans to approach SEBI for a settlement regarding previous contraventions of Related Party Transaction regulations with Mahindra & Mahindra.
Key Highlights
Re-appointment of Ramesh Ramachandran as MD for a 3-year term effective September 2026
Appointment of industry veteran Balram Singh Yadav and Dr. Purvi Mehta as Independent Directors for 5 years
Allotment of 8,284 equity shares under ESOS, increasing paid-up capital to Rs 27,95,07,530
Filing of settlement application with SEBI for RPT regulation contraventions involving the promoter group
Appointment of Madhvendra Pratap Singh as Company Secretary effective May 1, 2026
👀 What to Watch
The addition of high-caliber independent directors from the agri-industry suggests a focus on stronger governance and strategic growth. Investors should view this as a positive long-term development while monitoring the outcome of the SEBI settlement process.
Mahindra EPC Re-appoints MD, Adds New Directors, and Discloses SEBI Settlement for RPT Breach
Mahindra EPC Irrigation has announced a significant board overhaul, including the re-appointment of Ramesh Ramachandran as Managing Director for a three-year term starting September 2026. The company added industry veterans Dr. Purvi Mehta and Balram Singh Yadav (MD of Godrej Agrovet) as Independent Directors to strengthen governance. Crucially, the company disclosed that material Related Party Transactions with Mahindra & Mahindra exceeded regulatory limits in FY26, prompting a settlement application with SEBI. Additionally, the company reported audited FY26 results with an unmodified opinion and increased its paid-up capital to Rs 27.95 crore following an ESOS allotment.
Key Highlights
Re-appointment of Ramesh Ramachandran as MD for 3 years effective September 1, 2026.
Appointment of Dr. Purvi Mehta and Balram Singh Yadav as Independent Directors for 5-year terms.
Disclosure of a regulatory breach regarding material Related Party Transactions with M&M exceeding limits in FY26.
Allotment of 8,284 equity shares under ESOS, bringing total paid-up capital to 2,79,50,753 shares.
Statutory auditors B S R & Associates LLP issued an unmodified opinion on the FY26 annual financial results.
👀 What to Watch
Investors should monitor the progress of the SEBI settlement regarding the Related Party Transaction breach to assess potential penalties. The induction of high-caliber independent directors is a positive development for long-term strategic oversight.
Mahindra EPC Re-appoints MD, Proposes New Auditors & Board Members; Seeks SEBI RPT Settlement
Mahindra EPC Irrigation has proposed the re-appointment of Mr. Ramesh Ramachandran as Managing Director for a three-year term and B S R & Co. LLP as Statutory Auditors for five years. The board is being significantly strengthened with the appointment of Dr. Purvi Mehta and Mr. Balram Singh Yadav (MD of Godrej Agrovet) as Independent Directors. Additionally, the company is seeking a settlement with SEBI regarding past non-compliance with material Related Party Transaction (RPT) regulations involving Mahindra & Mahindra. The paid-up capital has also increased to Rs 27.95 crore following the allotment of 8,284 ESOS shares.
Key Highlights
Re-appointment of MD Ramesh Ramachandran for 3 years and B S R & Co. LLP as Statutory Auditors for 5 years until FY 2030-31.
Induction of industry veterans Balram Singh Yadav and Dr. Purvi Mehta as Independent Directors for 5-year terms.
Filing of a settlement application with SEBI for contravention of Regulation 23(4) regarding material RPTs with the promoter group.
Allotment of 8,284 equity shares under ESOS, increasing the total paid-up capital to Rs 27.95 crore.
Appointment of Madhvendra Pratap Singh as Company Secretary and Compliance Officer effective May 1, 2026.
👀 What to Watch
The addition of high-caliber independent directors like the MD of Godrej Agrovet is a strong positive for governance and strategy. Investors should monitor the SEBI settlement outcome regarding Related Party Transactions.
Mahindra EPC Re-appoints MD, Adds Independent Directors, and Seeks SEBI Settlement for RPTs
Mahindra EPC Irrigation has announced the re-appointment of Mr. Ramesh Ramachandran as Managing Director for a three-year term starting September 2026. The board is being significantly strengthened with the addition of Dr. Purvi Mehta and Mr. Balram Singh Yadav (MD of Godrej Agrovet) as Independent Directors. Notably, the company disclosed a contravention of SEBI's Related Party Transaction (RPT) regulations involving its promoter, Mahindra & Mahindra, and is initiating a settlement process. Additionally, the company's paid-up capital has increased to Rs. 27.95 crore following an ESOS allotment of 8,284 shares.
Key Highlights
Re-appointment of Mr. Ramesh Ramachandran as MD for 3 years effective September 1, 2026.
Proposed application to SEBI for settlement regarding contravention of RPT regulations with Mahindra & Mahindra.
Appointment of Balram Singh Yadav and Dr. Purvi Mehta as Independent Directors for 5-year terms.
Paid-up capital increased to Rs. 27.95 crore after allotment of 8,284 equity shares under ESOS.
B S R & Co. LLP re-appointed as Statutory Auditors for a five-year term until FY2030-31.
👀 What to Watch
Investors should monitor the outcome of the SEBI settlement proceedings regarding Related Party Transactions. The inclusion of high-profile independent directors is a positive development for governance and strategic direction.
Mahindra EPC Re-appoints MD, Adds New Directors, and Discloses RPT Limit Breach
Mahindra EPC Irrigation has approved the re-appointment of Managing Director Ramesh Ramachandran for a three-year term starting September 2026. The board is being strengthened with the induction of Dr. Purvi Mehta and Mr. Balram Singh Yadav as Independent Directors for five-year terms. The company also disclosed that material Related Party Transactions with Mahindra & Mahindra exceeded regulatory limits in FY26, necessitating a settlement application with SEBI. Furthermore, 8,284 equity shares were allotted under ESOS, taking the total paid-up capital to Rs 27.95 crore.
Key Highlights
Re-appointment of MD Ramesh Ramachandran for a 3-year term effective September 1, 2026.
Induction of two new Independent Directors, Dr. Purvi Mehta and Mr. Balram Singh Yadav, for 5-year terms.
Disclosure of material Related Party Transactions with M&M exceeding limits, requiring a SEBI settlement application.
Allotment of 8,284 equity shares under ESOS, increasing paid-up capital to Rs 27.95 crore.
Retirement of Company Secretary Ratnakar Nawghare; Madhvendra Pratap Singh appointed as successor.
👀 What to Watch
Investors should monitor the outcome of the SEBI settlement regarding the Related Party Transaction breach. The continuity in leadership and addition of experienced independent directors are positive for corporate governance.
Mahindra EPC Re-appoints MD, Adds New Directors, and Seeks SEBI Settlement for RPT Breach
Mahindra EPC Irrigation has announced the re-appointment of Mr. Ramesh Ramachandran as Managing Director for a three-year term starting September 2026. The board is being significantly strengthened with the addition of Dr. Purvi Mehta and Mr. Balram Singh Yadav as Independent Directors. Crucially, the company revealed it exceeded Material Related Party Transaction (RPT) limits with Mahindra & Mahindra in FY26 and will file a settlement application with SEBI. Additionally, the company allotted 8,284 ESOS shares, increasing the total paid-up capital to approximately ₹27.95 crore.
Key Highlights
Re-appointment of Mr. Ramesh Ramachandran as Managing Director for a 3-year term effective September 1, 2026.
Proposed SEBI settlement application for exceeding Material RPT limits with the promoter group during FY2025-26.
Induction of Dr. Purvi Mehta and Balram Singh Yadav (MD of Godrej Agrovet) as Independent Directors for 5-year terms.
Paid-up equity capital increased to ₹27,95,07,530 following the allotment of 8,284 shares under the ESOS scheme.
Appointment of Mr. Madhvendra Pratap Singh as Company Secretary and Compliance Officer effective May 1, 2026.
👀 What to Watch
Investors should monitor the outcome of the SEBI settlement regarding RPT compliance while viewing the high-caliber board appointments as a positive step for long-term governance.
