Mahamaya Lifesciences has announced its 24th Annual General Meeting, scheduled for September 29, 2026. The company reported a strong financial performance for FY 2025-26, with revenue reaching Rs 328.87 crore and profit after tax rising to Rs 16.52 crore. The meeting agenda features significant leadership transitions, including the appointment of Mr. Prashant Krishnamurthy as Managing Director and the re-designation of Mr. Krishnamurthy Ganesan as Executive Director and Chairman. Shareholders will vote on these executive appointments and revised remuneration packages.
Mahamaya Lifesciences Announces AGM and Leadership Succession
Revenue grew to Rs 328.87 crore for FY 2025-26 from Rs 264.15 crore in FY 2024-25.
Profit After Tax (PAT) stood at Rs 16.52 crore, up from Rs 12.81 crore in the previous fiscal year.
Reader Takeaway: Strong annual profit growth precedes a planned executive leadership transition and board re-appointment vote.
What just happened
Mahamaya Lifesciences Ltd has released its notice for the 24th Annual General Meeting (AGM) to be held on September 29, 2026, via video conferencing. The agenda centers on corporate governance, leadership restructuring, and financial approval for the past fiscal year.
Leadership and Remuneration Proposals
A significant transition in management is proposed, effective November 01, 2026:
- Mr. Krishnamurthy Ganesan will transition from Managing Director to Executive Director and Chairman.
- Mr. Prashant Krishnamurthy is set to become the new Managing Director for a five-year term, with a remuneration package of Rs 1.20 crore plus performance-based incentives.
- Mrs. Lalitha Krishnamurthy’s role as Whole-Time Director is set for a remuneration revision to Rs 75 lakhs per annum.
Board Appointments
The company is seeking shareholder approval for the re-appointment of Dr. Gopal Krishna Raju and Dr. Charudatta Digambar Mayee as Non-Executive Independent Directors. Additionally, Mr. Bhagirath Choudhary is proposed for regularization as an Independent Director for a three-year term.
Context Metrics (FY 2025-26)
- Earnings Per Share: Rs 8.33 (up from Rs 7.52 in FY 2024-25).
- Profit Before Tax: Rs 23.87 crore (up from Rs 17.25 crore in FY 2024-25).
- Cost Auditor Remuneration: Rs 1.10 lakhs approved for M/s. Yogesh Gupta & Associates.