Mahindra EPC Irrigation Limited Announces Leadership Changes and Financial Results
Mahindra EPC Irrigation Limited has announced significant organizational updates following a Board of Directors meeting held on July 16, 2026. The company confirmed the appointment of a new Internal Auditor and the designation of a new Chairman of the Board to oversee its ongoing operations and growth strategies.Leadership and Audit Appointments
The Board approved the appointment of Mr. Vimal Agarwal as the Internal Auditor of the company. His tenure is set for a period of three years, effective from July 16, 2026. Mr. Agarwal is a Chartered Accountant with an MBA and brings over 25 years of experience in finance, governance, and business strategy. He currently serves as the Group Chief Internal Auditor of Mahindra & Mahindra Limited and has previously held senior leadership roles at PepsiCo India and Mahindra Lifespaces.Simultaneously, the Board appointed Mr. Rajeev Goyal as the Chairman of the Board, effective July 16, 2026. Mr. Goyal, who was appointed as a Non-Executive Non-Independent Director on July 19, 2025, is a qualified Chartered Accountant with over 35 years of experience across diverse industries. He currently serves as the CFO for the Auto & Farm Sectors of the Mahindra Group, overseeing businesses with a consolidated global revenue of Rs. 92,000cr (~$11 bn).
The following table summarizes the key appointments:
| Particulars | Mr. Vimal Agarwal | Mr. Rajeev Goyal |
|---|---|---|
| Designation | Internal Auditor | Non-Executive Non-Independent Director; Chairperson of the Board |
| Date of Appointment | July 16, 2026 | July 16, 2026 (Effective as Chairman) |
| Terms of Appointment | Three years | Appointed to act as Chairman w.e.f. July 16, 2026 |
| Experience Highlights | 25 years in finance and governance; former CFO at Mahindra Lifespaces | 35+ years of experience; currently CFO of Auto & Farm Sectors (AFS) for the Mahindra Group |
Financial Performance Update
The Board also reviewed and approved the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. These results were presented alongside a Limited Review Report, which provides an overview of the company's financial standing during the period. The complete details of these financial statements have been made available on the official company website.MAHEPC Stock Price Movement
Shares of Mahindra EPC Irrigation Limited today slipped by 2.03% to settle at ₹119.12 in post-market trading. The stock saw a total turnover of 45,914 shares as it retreated from the day's high of ₹123.6.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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