Mahindra EPC Irrigation Reports Financial Results and Key Governance Updates

Mahindra EPC Irrigation Reports Financial Results and Key Governance Updates​

Mahindra EPC Irrigation Ltd. announced significant corporate updates following its Board of Directors meeting on April 21, 2026. The company released its audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2026, alongside details regarding director appointments, key management changes, and the upcoming Annual General Meeting (AGM).

Financial Results and Capital Structure​

The company released the audited financial statements for the year ended March 31, 2026. The statutory auditors, B S R & Associates LLP, issued the audit reports with an unmodified opinion on the Annual Financial Results.

For the financial year ended March 31, 2026, the company reported key consolidated figures:


The company’s paid-up capital also saw an increase following the allotment of equity shares. On April 21, 2026, the company allotted 8,284 Equity Shares of Rs. 10 each to employees exercising their Stock Options under the Employees Stock Options Scheme, 2014. Following this allotment, the paid-up capital increased to 2,79,50,753 Shares, aggregating to Rs. 27,95,07,530.

Board Approvals and Director Appointments​

Several key appointments and reappointments were approved by the Board of Directors and are subject to ratification by shareholders at the ensuing AGM.

Director Appointments:
The following director changes were approved:

• Mr. Ramesh Ramachandran: Approved for re-appointment as Managing Director, with remuneration payable from September 15, 2026, for a term of three years.
• Dr. Purvi Mehta: Approved for appointment as Additional Non-Executive Independent Director for a term of five consecutive years, effective April 21, 2026, to April 20, 2031.
• Mr. Balram Singh Yadav: Approved for appointment as Additional Non-Executive Independent Director for a term of five consecutive years, effective April 21, 2026, to April 20, 2031.
• Mr. Shriprakash Shukla: Approved for appointment as a Non-Executive NonIndependent Director, who is liable to retire by rotation and is not seeking reappointment due to superannuation.

AGM Details:
The 44th Annual General Meeting (AGM) for the year ended March 31, 2026, is scheduled to take place on May 29, 2026, at 11:30 AM. The company’s register of members and share transfer books will be closed for the AGM from May 25, 2026, through May 29, 2026.

Key Management and Audit Appointments​

The Board also addressed changes in key managerial personnel and the appointment of auditors.

Key Managerial Personnel (KMP):

• Cessation: Mr. Ratnakar Nawghare ceased his role as Company Secretary and Compliance Officer, effective April 30, 2026.
• Appointment: Mr. Madhvendra Pratap Singh was appointed as Company Secretary and Compliance Officer, effective May 1, 2026.

Auditors and Consultants:
The following professional appointments were confirmed:

• Internal Auditor: Mr. K N Vaidyanathan was appointed as Internal Auditor for the period from May 6, 2026, to June 30, 2026.
• Statutory Auditors: Messrs B S R & Co. LLP were re-appointed as Statutory Auditors, holding office from the 44th AGM on May 29, 2026, until the conclusion of the 49th AGM for FY2030-31.
• Cost Auditors: CMA Arpita Amol Fegde was appointed as the Cost Auditor for the Financial Year 2026-27.

Statement of Financial Position​

The financial health of the company was reflected in the balance sheets for March 31, 2026, and March 31, 2025.

Consolidated Balance Sheet (Rs. in Crores):


Standalone Cash Flow (Rs. in Crores):

MAHEPC Stock Price Movement​

Today, Mahindra EPC Irrigation Limited shares edged higher to close at ₹128.29, gaining 2.32% for the day. The stock saw robust trading interest, executing on a total volume of 90,440 shares.