Eimco Elecon (India) Limited has informed the Exchange regarding 'Update on Acquisition of Land Execution of Sale Deed(s)'.

Major Capex Above 10pct NetworthCapex & Operations View source PDF

EIMCOELECO · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+5.8%1-day move

₹1649.00

prior close

₹1670.00

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

-1.0-1.1-0.7-0.4+5.8+1.0-1.6-1.2-1.5-3.2-3.0-0.7+7.9+9.8

Up moveDown movePending

AI summary

Eimco Elecon (India) Limited has completed the acquisition of approximately 35,056 square meters of freehold land located in Kanjari, Ta. Nadiad, Dist. Kheda, Gujarat. The sale deed was executed on April 20, 2026. The company paid INR 45.56 crore (excluding stamp duty and other charges) as full and final settlement to three sellers - Nirav Gopalbhai Patel, Kashyap Gopalbhai Patel, and Jyotsanaben Gopalbhai Patel. The land acquisition is intended to support the company's future business outlook. The transaction was conducted through normal banking channels and is not a related party transaction.

Likely market impact

This land purchase represents a significant capital investment that could signal future expansion plans or capacity additions. Shareholders should monitor for subsequent announcements regarding the development or use of this land parcel, as it may indicate growth initiatives ahead.