Key Corporate Actions

1. Bonus Share Issue

  • Approved 1:1 bonus issue ratio (one bonus equity share of ₹5 each for every one fully paid-up equity share of ₹5 each)
  • Total number of bonus shares to be issued: 3,32,28,914 equity shares
  • Total amount: ₹16,61,44,570 (Rupees Sixteen Crores Sixty One Lacs Forty Four Thousand Five Hundred Seventy Only)
  • To be issued from Free Reserve/Retained Earnings available as on March 31, 2026
  • Free reserves available: ₹655,11,90,319 as on March 31, 2026 (audited figures)
  • Pre-bonus paid-up share capital: ₹16,61,44,570 divided into 3,32,28,914 equity shares
  • Post-bonus paid-up share capital: ₹33,22,89,140 divided into 6,64,57,828 equity shares
  • Implementation timeline: Within 2 months from the date of Board Meeting
  • Subject to shareholder approval

2. Final Dividend Recommendation

  • Recommended final dividend of ₹3 per equity share (60%) for Financial Year ended March 31, 2026
  • To be declared at the ensuing Annual General Meeting
  • Record Date/Book Closure Period to be determined and intimated later

3. Authorized Share Capital Increase

  • Approved increase in authorized share capital from ₹20,00,00,000 (Four Crore equity shares of ₹5 each) to ₹40,00,00,000 (Eight Crore equity shares of ₹5 each)
  • Subject to shareholder approval
  • Requires alteration to Clause V of the Memorandum of Association

Director Appointments and Changes

4. Whole-Time Director Appointment

  • Mr. Rana Pratap Janumahanti (DIN: 07843334) appointed as Director-Marketing and Strategy (Whole-Time Director)
  • Effective from October 1, 2026 for five consecutive years
  • Qualifications: MBA from IIM Lucknow, B.Tech from IIT Delhi
  • Experience: 14 years in leadership, business development and operational roles within the company
  • Currently serves as Senior Vice President - Corporate
  • Relationship: Son of Mr. Lakshmana Rao Janumahanti, Chairman and Managing Director
  • Subject to shareholder approval

5. Independent Director Appointment

  • Mr. Chintamaneni Vasant Kumar Roy (DIN: 01102102) appointed as Additional Director and Non-Executive Independent Director
  • Effective from August 26, 2026 for five consecutive years
  • Qualifications: B.Tech from REC Warangal, PGDM from IIM Bangalore
  • Experience: Four decades in industrial sales, machine tools, manufacturing, entrepreneurship
  • Founder and Managing Director of ITP Pvt. Ltd. and EFCO Maschinenbau India Pvt. Ltd.
  • Not related to any existing director
  • Subject to shareholder approval

6. Designation Changes

  • Mr. Subramanyam Adivishnu: Changed from Deputy Managing Director to Technical Director (Whole-Time Director) effective April 1, 2027
  • Mr. P. Venkateswara Rao: Changed from Deputy Managing Director to Commercial Director (Whole-Time Director) effective April 1, 2027
  • Both will serve in their new roles until March 31, 2029

Corporate Governance

  • Both new director appointments confirmed that the individuals are not debarred from holding director office by SEBI or any other authority
  • Compliance with BSE Circular No. LIST/COMP/14/2018-19 and NSE Circular No. NSE/CML/2018/24 dated June 20, 2018

Annual General Meeting

  • 29th Annual General Meeting approved to be held on Monday, September 21, 2026
  • To be conducted through video conference/other audio-visual means

Meeting Details

  • Meeting commenced at 11:35 AM IST and concluded at 01:10 PM IST on August 26, 2026