Elgi Equipments Limited has informed the Exchange regarding 'Amendment To Code Of Fair Disclosure Of UPSI'.
ELGIEQUIP · price
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Elgi Equipments held its Board meeting on May 27, 2026, and announced multiple outcomes. The company recommended a final dividend of ₹2.70 per share (270%) for FY26, with the record date set for July 17, 2026. Two new directors were appointed: Ms. Padmaja Alaganandan as an Independent Director (5-year term) and Mr. Varun Jay Varadaraj (son of Managing Director) as a Non-Independent Director, both subject to shareholder approval. Mr. Anvar Jay Varadaraj was re-appointed as Executive Director for 5 years from August 2026. The company also announced it will switch statutory auditors from Price Waterhouse Chartered Accountants LLP to B S R & Co. LLP from the 67th AGM (2027). Financially, consolidated Q4 sales rose 12% to ₹1,113 crore with PAT up 25% to ₹128 crore, while full-year consolidated sales grew 13% to ₹3,951 crore and PAT grew to ₹430 crore. Standalone PAT remained flat at ₹345 crore versus ₹350 crore in the prior year. The company maintained a positive outlook for Q1 FY27.
Dividend declaration and strong profit growth are positive signals for shareholders. The appointment of two directors from the promoter family raises governance considerations. The flat standalone PAT despite revenue growth warrants attention.