Power Mech Projects Announces 26th AGM on September 22, 2025
The announcement includes key decisions regarding director appointments, dividend declaration, and auditor remuneration, which can influence investor perception and company operations.
The announcement primarily concerns procedural matters related to the AGM, director appointments, and dividend declarations, without indicating a clear positive or negative outlook.
* Power Mech Projects Limited will hold its 26th Annual General Meeting (AGM) on September 22, 2025, at 10:00 a.m. (IST) through Video Conferencing (VC) / Other Audio Visual Means (OAVM). * The AGM will cover the following: * Adoption of audited standalone and consolidated financial statements for the year ended March 31, 2025. * Declaration of dividend at the rate of 12.5% i.e. ₹1.25 per equity share of ₹10 each for the financial year ended March 31, 2025. * Re-appointment of Mrs. Sajja Lakshmi as a Director. * Appointment of Mr. Bontha Prasada Rao as an Independent Director for a term of 3 years commencing from August 8, 2025. * Appointment of Mr. Sajja Rohit as Director and Whole-Time Director for a term of 5 years commencing from August 8, 2025, with a salary not exceeding ₹20,00,000 per month and commission @ 2% on the net profits of the Company. * Re-appointment of Mr. Sajja Kishore Babu as Managing Director for a further period of five years with effect from April 1, 2026, with a salary of ₹18,00,000 per month which may be revised up to ₹22,50,000 per month and commission up to 5% on the net profits of the Company. * Ratification of remuneration of ₹1,25,000 plus expenses payable to Cost Auditors for FY 2025-26. * Appointment of Mr. D. S. Rao as Secretarial Auditor for 5 years from FY 2025-26 with a remuneration of ₹3,00,000 per year. * Approval for Related Party Transactions with subsidiaries for a period of 3 years from FY 2025-26. * Approval to pay ₹3,80,000 per month (excluding GST) as consultancy fees to Mr. M. Rajiv Kumar, Non-Executive Director for FY 2025-26. * The register of members and share transfer books will remain closed from September 16, 2025, to September 22, 2025, for the AGM and Dividend. * The company has fixed September 15, 2025, as the Record Date for determining entitlement of Members to dividend for the financial year ended March 31, 2025.
What to do with a filing like this
Power Mech Projects Limited filed this with the NSE as a statutory disclosure, categorised under agm-egm. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Power Mech Projects Limited. Read the original for the full detail.