Elgi Equipments Limited has informed the Exchange regarding Outcome of Board Meeting held on May 28, 2025. - Appointment of M/s. STR & Associates, Cost Accountants (Firm Registration No.000029) as the Cost Auditors of the Company for the financial year 2025-26 and re-appointment of Mr. Jairam Varadaraj (DIN: 00003361) as Managing Director for afurther term of five years w.e.f. 1st April 2026, subject to the approval of members in theforthcoming AGM of the Company.
ELGIEQUIP · price
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Elgi Equipments held a board meeting on May 28, 2025. The board appointed M/s. STR & Associates, Cost Accountants as the Cost Auditors of the company for the financial year 2025-26. Additionally, the board approved the re-appointment of Mr. Jairam Varadaraj as Managing Director for a further term of five years starting April 1, 2026. This re-appointment is subject to approval from shareholders at the upcoming Annual General Meeting. Mr. Jairam Varadaraj is a member of the promoter family and currently serves as the Managing Director of the company.
These are routine corporate governance decisions with no material impact on the stock price. The re-appointment of the existing Managing Director provides leadership continuity, while the cost auditor appointment is a standard regulatory requirement.