Elecon Engineering AGM 2026 results: 8 resolutions passed, Rs 1.50 dividend approved

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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+1.5%1-day move

₹525.55

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₹522.20

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AI summary

Elecon Engineering held its 66th AGM on June 25, 2026 via video conferencing. All 8 resolutions were passed with requisite majority. Key items: Final dividend of Rs 1.50 per share (150%) for FY26 approved with 100% votes in favour. Adoption of FY26 audited financial statements passed 100%. CMD Prayasvin B. Patel re-appointed for 3 years from July 1, 2026 (91.49% in favour). Aayush A. Shah appointed Executive Director for 3 years (90.55%). Dr. Savan R. Godiawala appointed Independent Director for 5 years (95.06%). CNK & Associates LLP re-appointed as Statutory Auditor (97.79%). Pradip M. Patel re-appointed via special resolution (99.38%).

Likely market impact

Shareholders get Rs 1.50 per share dividend. Management team confirmed for next 3 years with strong but not unanimous support.