Mahindra EPC Irrigation announced that the Annual General Meeting (AGM) of the company will be held on 22 July 2021.

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Mahindra EPC Irrigation announced that the Board of Directors of the Company at its meeting held on 11 May 2021, inter alia, have recommended the final dividend of Rs 1.2 per equity Share (i.e. 12%) , subject to the approval of the shareholders.

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Net profit of Mahindra EPC Irrigation declined 57.47% to Rs 4.07 crore in the quarter ended March 2021 as against Rs 9.57 crore during the previous quarter ended March 2020. Sales declined 13.45% to Rs 71.54 crore in the quarter ended March 2021 as against Rs 82.66 crore during the previous quarter ended March 2020.

For the full year,net profit declined 17.71% to Rs 18.96 crore in the year ended March 2021 as against Rs 23.04 crore during the previous year ended March 2020. Sales declined 10.47% to Rs 254.22 crore in the year ended March 2021 as against Rs 283.96 crore during the previous year ended March 2020.

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Mahindra EPC Irrigation has fixed 15 July 2021 as record date for payment of dividend of Rs 1.20 per share. The dividend, if approved at the AGM, will be paid after 22 July 2021.

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