Elecon Engineering Company Limited has informed the Exchange that Board of Directors at its meeting held on April 15, 2026, recommended Final Dividend of Rs. 1.50 per equity share.
ELECON · price
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On the reaction day the stock moved 2.4 pts less than Nifty Smallcap 250 and 4.6 pts less than its Heavy Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Elecon Engineering board approved multiple items including appointment of Mr. Chintan Shah as CFO effective April 15, 2026. The company reported standalone revenue of Rs. 2,01,604 lakhs for FY26 (up 7.7% YoY) and consolidated revenue of Rs. 2,36,605 lakhs. Standalone PAT was Rs. 12,679 lakhs (vs Rs. 44,045 lakhs last year) affected by Rs. 14,942 lakhs exceptional gain from associate reclassification and new labour code charges. Consolidated PAT stood at Rs. 34,115 lakhs. Board recommended final dividend of Rs. 1.50 per share (150% on Rs. 1 face value), taking total dividend for FY26 to Rs. 2.00 per share including Rs. 0.50 interim already paid. The board also re-appointed Mr. Prayasvin Patel as CMD for 3 years from July 2026, appointed Mr. Aayush Shah as Executive Director from October 2026, and Dr. Savan Godiawala as Independent Director for 5 years.
Positive signals include strong revenue growth, higher total dividend payout, and fresh leadership appointments. The goodwill impairment of Rs. 10,177 lakhs on consolidated books is a non-cash charge and should not materially impact operations. Shareholders can expect continued shareholder returns with the enhanced dividend.