Board appoints new CFO, recommends Rs 1.50 dividend; FY26 standalone profit jumps 40%

ELECON · price

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

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AI summary

Elecon Engineering's board appointed Mr. Chintan Shah as CFO effective April 15, 2026. It approved audited FY26 results: standalone revenue Rs 2,016 cr (up 7.7%) and net profit Rs 477 cr (up 40%), aided by a Rs 149 cr exceptional gain. Consolidated profit was Rs 341 cr. Final dividend of Rs 1.50/share (150%) recommended. CMD Prayasvin Patel re-appointed for 3 years, and Mr. Aayush Shah named Executive Director. Statutory auditor CNK & Associates re-appointed for a second 5-year term.

Likely market impact

Strong FY26 earnings, 40% profit growth, and 150% dividend payout are positive for shareholders; new CFO and CMD continuity support stability.