Mehai Technology 13th AGM Notice and Financial Update

Total Income: Rs 125.42 crore (FY 2025-26) vs Rs 119.60 crore (FY 2024-25).
Net Profit: Rs 7.75 crore (FY 2025-26) vs Rs 7.56 crore (FY 2024-25).

Reader Takeaway: Modest growth in income and profit with new five-year auditor appointments scheduled for approval.

What just happened

Mehai Technology has officially issued the notice for its 13th Annual General Meeting (AGM), which will take place on September 29, 2026, via video conferencing. The meeting aims to seek shareholder approval for the company's financial statements for the fiscal year ending March 2026 and finalize several governance appointments.

Why this matters

The company posted a consolidated total income of Rs 125.42 crore for FY 2025-26, marking a 4.87% increase compared to the previous fiscal year. Net profit also saw a marginal rise of 2.48%, reaching Rs 7.75 crore. The board has opted not to declare a dividend, focusing instead on internal resource allocation.

Corporate Actions

A significant change involves the statutory and secretarial audit functions. The board has proposed the appointment of M/s. S. K. Basu & Co as Statutory Auditors and M/s. Ankita Dey & Associates as Secretarial Auditors for a five-year tenure covering FY 2026-27 to FY 2030-31. Furthermore, Mrs. Rekha Bhagat is slated for re-appointment as a Non-Executive Director following her rotation.

Board and Governance

During the last fiscal year, the board convened 16 times to oversee operations. The company maintains active committees, including Audit and Nomination & Remuneration, and asserts full compliance with SEBI LODR regulations regarding corporate governance.

What to track next

Shareholders will be monitoring the company's strategy to broaden its business activities into emerging sectors, as the board continues to emphasize growth initiatives despite a flat dividend policy.