Mold-Tek Technologies Announces 42nd AGM, Bonus Issue, and Director Reappointments
Mold-Tek Technologies will hold its 42nd AGM on September 21, 2026. The company plans a 1:1 bonus share issue, capitalizing ₹5.76 crore. Re-appointments of directors and approval of CMD remuneration are on the agenda. A final dividend of ₹2 per share is proposed.
The bonus issue and dividend declaration are significant corporate actions that can impact shareholder value and company valuation. The re-appointments and remuneration approvals are routine but important for corporate governance.
The announcement includes positive corporate actions such as a bonus share issue and proposed dividend, along with routine re-appointments of directors and approval of managerial remuneration, which are generally viewed positively by investors.
Mold-Tek Technologies Limited has announced its 42nd Annual General Meeting (AGM) will be held on Monday, September 21, 2026, at 02:30 P.M. IST, through Video Conferencing/Other Audio Visual Means (VC/OAVM). The company will also consider and adopt the Audited Financial Statements (Standalone and Consolidated) for the financial year ended March 31, 2026, and declare a final dividend of ₹2 per equity share.
In addition, the company proposes to issue bonus shares in the proportion of 1:1, capitalizing ₹5,76,10,236/- from its reserves. The AGM agenda also includes the re-appointment of Mr. Subramanyam Adivishnu as a Director retiring by rotation, and the re-appointment of Mrs. Madhuri Venkata Ramani Viswanadham as a Non-Executive Independent Director for a second term of five years, effective December 27, 2026.
The remuneration for Mr. Lakshmana Rao Janumahanti, Chairman and Managing Director, for a period of two years from April 01, 2027, to March 31, 2029, will also be considered. This includes a proposed minimum annual salary increment of 10% or a percentage equivalent to the EBITDA growth, whichever is higher, with a maximum increment of 20%. He will also be entitled to a commission of 1% of the net profits, subject to a minimum EBITDA growth of 10%.
A plain-language summary of a public exchange filing by Mold-Tek Technologies Limited. Read the original for the full detail.