Eimco Elecon (India) Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.
EIMCOELECO · price
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Eimco Elecon has adopted a new set of Articles of Association (AoA) after shareholders approved it through a Special Resolution at the 51st Annual General Meeting held on 25th June 2025 via video conferencing. The previous AoA was based on the old Companies Act, 1956 and contained references to a 1992 shareholders' agreement between Sandvik Mining and Construction OY, Elecon Engineering Company Limited, and the Bhanubhai Patel Group. The company has replaced the entire AoA with the standard Table F format under the Companies Act, 2013 instead of amending individual clauses, as many existing provisions were outdated. The updated AoA is available on the company's website.
This is a routine regulatory housekeeping update to align the company's governing document with current law. It removes obsolete clauses and an old shareholder agreement reference, but is unlikely to have any material impact on operations, financials, or the stock price.