Eimco Elecon (India) Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on Jun 25, 2025
EIMCOELECO · price
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Eimco Elecon (India) Limited has issued the Notice for its 51st Annual General Meeting to be held on Wednesday, 25th June 2025 at 10:00 a.m. IST through video conferencing. The annual report shows strong FY24-25 performance, with turnover rising to ₹24,647 lakhs (from ₹22,750 lakhs last year) and profit after tax climbing to ₹4,891 lakhs (from ₹4,041 lakhs), translating to an EPS of ₹84.78. The board has recommended a dividend of ₹5 per share (50% on face value of ₹10), unchanged from the previous year. The AGM will consider adoption of new Articles of Association, appointment of a new secretarial auditor (M/s. J.J. Gandhi & Co. for 5 years) and an independent director (Dr. Sonal V. Ambani for 5 years), and approval of material related party transactions with Emtici Marketing LLP up to ₹35 crore for FY 2025-26.
The record-high revenue and profits, combined with a steady dividend payout and very low debt-equity ratio of 0.03, reflect strong financial health. The proposed related party transaction limit of ₹35 crore and governance changes are routine, but shareholders should review the RPT terms and the new Articles of Association before voting.