Elecon Engineering Company Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on Jun 25, 2025
ELECON · price
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Awaiting price reaction for this filing.
Elecon Engineering held its 65th AGM on June 25, 2025 via video conferencing, where all 7 resolutions were passed by shareholders. Key business items included adoption of FY25 audited financials, declaration of a final dividend of Rs. 1.50 per share (150%), and appointment of a new Independent Woman Director. The Chairman shared FY24-25 results: consolidated revenue of Rs. 2,227 crore (up 14.9%), EBITDA of Rs. 543 crore (up 14.4%), and PAT of Rs. 415 crore (up 16.7%), marking record-high performance. Order intake grew 19.4% YoY to Rs. 2,380 crore, with the MHE division surging 72.8% and Gear division growing 5.6%. Total dividend for FY25 stands at Rs. 2 per share, up from Rs. 1.50 last year.
Positive for shareholders — record revenue, profits, and a higher dividend signal strong financial health and shareholder-friendly policies. The robust order book (Rs. 1,140+ crore across divisions) and strong FY26 outlook suggest continued momentum, though investors should await the formal e-voting results for confirmation of resolution approvals.