Manav Infra Projects Approves Key Director Re-appointments and Sets Dates for 17th Annual General Meeting
The Board of Directors of Manav Infra Projects Limited held a meeting on Tuesday, August 11, 2026, and approved several critical corporate matters, including the re-appointment of key management personnel and setting forth details for the company's forthcoming 17th Annual General Meeting (AGM).The Board meeting concluded with decisions covering the approval of the Corporate Governance Report and the Annual Report for the Financial Year 2025-26. The directors also approved the Notice for the upcoming AGM, which is scheduled to be held on Friday, September 11, 2026, via Video Conferencing (VC) or Other Audio-Visual means (OAVM).
To facilitate the AGM process, the Board decided that the Register of Members and Share Transfer Books will be closed from Friday, September 4, 2026, to Friday, September 11, 2026. The cut-off date for this period has been set as September 4, 2026. Furthermore, M/s P M Agarwal & Co., Company Secretaries in Mumbai, were approved as the Scrutinizer to conduct the voting process at the AGM.
Key Personnel and Remuneration Decisions
The Board approved several matters related to director appointments and remuneration, all subject to shareholder approval at the ensuing AGM.Mr. Mahendra Narayan Raju (DIN: 02533799) was approved for re-appointment as Managing Director of the Company for a period of five consecutive years, effective from May 5, 2027. The Board also approved remuneration up to Rs. 60 lakhs per annum for him in this capacity.
Similarly, Mr. Dinesh Shivnath Yadav (DIN: 07843240) was approved for re-appointment as Executive Director of the Company for five consecutive years, effective from June 22, 2027. His remuneration was set up to Rs. 12 lakhs per annum. Mrs. Mahalakshmi Mahendra Raju was also approved for appointment as Non-Executive Director with a remuneraton up to Rs. 18 lakhs per annum.
The meeting board members reviewed the status of Statutory Registers maintained under the Companies Act, 2013, and approved limits for borrowing under Section 180(1)(c) and 180(1)(a) of the Companies Act, 2013.
Director Re-appointment Details
The following table provides detailed information regarding the re-appointments and profiles presented at the Board meeting:| Role | Name | Term/Remuneration | Brief Profile Highlights |
|---|---|---|---|
| Managing Director | Mr. Mahendra Narayan Raju | Five years from May 5, 2027; up to Rs. 60 lakhs per annum. | Promoter and Managing Director, over 25 years of experience in infrastructure industry, financial management, and operational management. Holds an MBA from ITM. |
| Executive Director | Mr. Dinesh Shivnath Yadav | Five years from June 22, 2027; up to Rs. 12 lakhs per annum. | Executive Director with over 18 years of experience in procurement and billing. Has been on the board since 2017. |
| Non-Executive Director | Mrs. Mahalakshmi Mahendra Raju | Remuneration up to Rs. 18 lakhs per annum. | Approved as Non-Executive Director. |
Mr. Mahendra N. Raju, aged 49 years, is noted to hold a Master in Business Administration from Institute for Technology & Management (ITM). Mr. Dinesh S. Yadav, aged 46 years, holds a bachelor degree in Commerce and has been on the board since 2017.
MANAV Stock Price Movement
On Tuesday, shares of Manav Infra Projects Limited tumbled down 5.00% to settle at ₹22.8. The stock recorded a total traded volume of 16,000 shares during the session.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.
Last edited by a moderator: