Metal Coatings India Ltd Announces Auditor Appointments and AGM Details
Metal Coatings India Limited announced key outcomes from its Board meeting held on July 15, 2026, approving critical appointments for the company, along with setting dates for its upcoming Annual General Meeting (AGM).The Company confirmed the re-appointment of statutory, cost, and internal auditors for the Financial Year 2026-27. The Board approved M/s Mehra Goel & Co LLP, Chartered Accountants, as the Statutory Auditor for a second term of five consecutive years, effective until the conclusion of the 37th AGM.
The appointments details are summarized below:
| Role | Appointee Name | Tenure / Financial Year |
|---|---|---|
| Statutory Auditor | M/s Mehra Goel & Co LLP, Chartered Accountants | Second term of five consecutive years (until 37th AGM) |
| Cost Auditor | Mr. Ramawatar Sunar, Cost Accountant | Financial Year 2026-27 |
| Internal Auditor | Mr. Chander Prakash Sharma | Financial Year 2026-27 |
M/s Mehra Goel & Co LLP is a Chartered Accountants firm established in 1963. The Firm has extensive experience across diverse industries and provides services including Audit & Assurance, Taxation, Advisory, and Management Consulting. Mr. Ramawatar Sunar is noted as one of the senior members (M.N. 10567) of the Institute of Cost Accountant of India and has over 18 years of COP experience.
AGM Scheduled for August 20, Dividend Recommended
Regarding corporate governance and shareholder matters, the Board set several key dates and approved a final dividend recommendation for the financial year ended on March 31, 2026.The meeting of the company's shareholders is scheduled for Thursday, August 20, 2026, at 12:30 P.M. (IST). The Company will hold this Annual General Meeting through e-voting and VC/OAVM.
A final dividend of Rs. 1/- per equity share (Face value of Rs. 10/- each) was recommended by the Board in its meeting held on May 27, 2026. If approved by the Members at the ensuing AGM, this dividend shall be credited or dispatched to members within 30 days of declaration.
The Register of Members and Share Transfer Books will be closed from Friday, August 14, 2026, to Thursday, August 20, 2026, for taking record of members for the AGM. The Record Date and Cut-off date for determining eligibility for the Final Dividend and E-voting at the upcoming AGM is set as August 13, 2026.
E-Voting Process and Scrutiny Appointments
To facilitate shareholder participation, the Company has authorized MUFG Intime India Private Limited (RTA) to manage the e-voting process through InstaMeet. The remote e-voting period is scheduled to commence on Sunday, August 16, 2026, at 9 A.M. (IST) and will conclude on Wednesday, August 19, 2026, at 5:00 p.m. (IST).In addition to the appointments, the Board of Directors approved various operational items, including the issuance of a Corporate Governance Report and Management Discussion and Analysis Report for the financial year 2025-26. The company also appointed M/s Simran Singh and Associates, Company Secretaries in Practice, to scrutinize the remote e-voting and e-voting processes at the AGM to ensure fairness and transparency.
The Notice of the 32nd Annual General Meeting and the Annual Report for Financial Year 2025-26 will be sent to all registered shareholders and made available on the Company’s website, www.mcil.net.
Stock Price Movement
At 14:36, Metal Coatings India Ltd sees its shares holding steady at ₹50.00, moving zero percent today. The stock remains completely locked within the intraday range of ₹50.00 as it continues to trade flat.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.