Power Mech Projects AGM 2026: Dividend and board votes

Meeting scheduled for September 17

Power Mech Projects has set September 17, 2026, as the date for its 27th Annual General Meeting (AGM). The company said the meeting will be held through video conferencing. The agenda includes both ordinary and special business items typically placed before shareholders at an AGM.

The announcement is significant for investors because it bundles the final dividend decision for FY26 with key board-related resolutions. It also lays out the operational calendar for record date, e-voting, and book closure, which affects eligibility and shareholder participation.

AGM to be held via video conferencing

The company will conduct the AGM through video conferencing, consistent with digital participation processes used by listed companies. Shareholders will be able to vote on proposed resolutions without attending a physical venue.

Power Mech Projects has specified the remote e-voting mechanism and window for voting, which is expected to be the primary participation route for many shareholders. The e-voting platform for the process will be National Securities Depository Limited (NSDL).

Final dividend proposal for FY26

The board has recommended a final dividend of ₹1.50 per equity share for the financial year ended March 31, 2026. The dividend is proposed on equity shares with a face value of ₹10 each.

The final payment is subject to shareholder approval at the AGM. The dividend vote is listed as a key financial resolution for the meeting, and the company has clearly disclosed the eligibility date framework tied to the record date.

Record date and shareholder eligibility

Power Mech Projects said shareholders on record as of September 10, 2026, will be eligible for the dividend payout, subject to approval. This record date is central for investors who want to understand whether they qualify for the final dividend.

In addition, the company stated that the register of members will remain closed from September 11 to September 17, 2026. Book closure periods are relevant for corporate action administration and typically align with record-date based entitlement processing.

Remote e-voting window and platform

Remote e-voting will open on September 13, 2026, at 9:00 am and will close on September 16, 2026, at 5:00 pm. The company has identified NSDL as the e-voting platform.

These dates define the effective participation window for shareholders who prefer to vote ahead of the AGM day. With the meeting being conducted through video conferencing, the remote voting schedule becomes a practical detail for retail and institutional investors alike.

Board appointments on the AGM agenda

The AGM includes resolutions related to board composition. Shareholders will vote on the re-appointment of Mr. M. Rajiv Kumar as a director liable to retire by rotation. Such re-appointments are standard under rotation requirements and require shareholder confirmation.

The company has also placed the appointment of Mrs. Vasundhara Sinha as an independent director for shareholder approval. The term proposed is two years, commencing June 20, 2026, as disclosed. Independent director appointments are closely watched from a corporate governance standpoint because they influence board oversight and committee functioning.

Director resignation disclosed to the exchange

Separately, Power Mech Projects said it has accepted the resignation of Mrs. Sajja Lakshmi from her role as Non-Executive and Non-Independent Director. The resignation was effective August 8, 2026, and the stated reason was personal pre-occupations.

The company also informed the exchange regarding the submission of the resignation letter for this change. Resignations and appointments are material governance disclosures because they alter the board’s composition and may trigger consequential committee changes, depending on roles held.

Board meeting on August 8 and quarterly results item

Power Mech Projects also disclosed that its Board of Directors meeting was scheduled on 08/08/2026. The stated agenda included considering and approving the un-audited financial results (standalone and consolidated) for the first quarter ended June 30, 2026, under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with other regular corporate matters.

The article also notes that the board approved Q1 FY27 results, an ESOP for 10 lakh options, and accepted Mrs. Sajja Lakshmi’s resignation effective August 8, 2026. In addition, a conference call was scheduled for August 10, 2026 at 4:00 p.m. IST to discuss Q1FY27 results.

Stock snapshot and valuation metrics cited

As of Aug 25, 2026 03:57 PM, the closing price of Power Mech Projects Ltd was ₹2,503.40. The latest PE ratio as of the same timestamp was 18.86. The market capitalisation was reported at ₹7,914.75 crore.

These data points provide context on where the stock was trading ahead of the AGM schedule and dividend vote. While the AGM items are governance and payout related, valuation and market-cap figures help investors frame the scale of the company and how the market is pricing it.

Key dates and disclosures at a glance

Why the AGM agenda matters for shareholders

For shareholders, the AGM is the formal forum where the final dividend recommendation becomes payable only after approval. The record date and book closure details determine who is eligible, while the e-voting window decides how easily investors can participate in the decisions.

The board-related resolutions add a governance layer to the meeting. Re-appointments and independent director approvals are directly linked to oversight, board continuity, and compliance expectations for a listed company. The resignation disclosure, alongside the scheduled board meeting for quarterly results, highlights that the period leading up to the AGM includes multiple governance and reporting milestones.

Conclusion

Power Mech Projects has lined up its 27th AGM on September 17, 2026 via video conferencing, with shareholder votes planned on a ₹1.50 per share final dividend for FY26 and key board appointment resolutions. The company has also set out a clear timetable for the record date, book closure, and NSDL-based remote e-voting between September 13 and September 16.

The next near-term milestones are the completion of the e-voting window and the AGM proceedings where the dividend and board resolutions will be put to a vote, as per the company’s disclosed schedule.