Stock Report

Mamata Machinery Announces Leadership Transition

Posted On : 2026-07-06 22:31:59( TIMEZONE : IST )

Mamata Machinery Limited ('Mamata' or 'the Company'), a leading machinery solution provider in the flexible packaging industry, today announced a planned transition in its executive leadership. Mr. Apurva Kane will retire from the position of Chief Executive Officer with effect from 01 October 2026 and will continue his association with the Company in a mentorship role. Mr. Rajashekar Venkat, the current President of the Company, will be elevated to the position of Chief Executive Officer, ensuring a smooth transition of leadership.

The Board of Directors places on record its sincere thanks and gratitude to Mr. Apurva Kane for his contributions for more than 41 years with the Company and for his leadership as Chief Executive Officer. During his tenure, he spearheaded several important projects at Mamata and led the management of the Company effectively through these years. Mr. Kane will continue his association with the Company and will provide his guidance to the management going forward.

Mr. Rajashekar Venkat has been associated with the Company since May 2025 as President. With over 28 years of extensive experience in capital equipment companies, he brings extensive knowledge & proven leadership in engineering companies from his past roles at Kennametal, Markem-Imaje, Mettler Toledo, and Domino Printing. In his role as Chief Executive Officer, he will lead the Company's operations and carry forward its strategic priorities.

Commenting on the transition, Mr. Apurva Kane said, "I am grateful for the opportunity to have served Mamata Machinery for over four decades. I take pride in the Company and the brand that Mamata has built across global markets in our industry, and in the value we have created for all our stakeholders. I look forward to continuing my association with the Company and supporting the team in my new role."

Commenting on his appointment, Mr. Rajashekar Venkat said, "I would like to thank Mr. Kane for his mentorship and guidance over this period. Mamata carries a strong global legacy, and I am excited about the road ahead. The Company has considerable potential across its businesses, including its Packaging and RecTech initiatives, and I look forward to building on this foundation together with our teams and stakeholders."

Shares of Mamata Machinery Limited was last trading in BSE at Rs. 396.10 as compared to the previous close of Rs. 408.70. The total number of shares traded during the day was 10970 in over 246 trades.

The stock hit an intraday high of Rs. 419.45 and intraday low of 395.05. The net turnover during the day was Rs. 4389369.00.