Elgi Equipments Limited has informed the Exchange regarding Business Responsibility and Sustainability Report (as a part of Annual Report for the FY 2024-25).
ELGIEQUIP · price
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Elgi Equipments has filed its Annual Report for FY2024-25 along with the Business Responsibility and Sustainability Report (BRSR) and the notice for its 65th Annual General Meeting. The AGM will be held on August 12, 2025 at 4:30 PM through video conferencing, with the cut-off date for e-voting eligibility set as August 5, 2025. The company's FY25 performance was strong — revenue from operations grew to Rs. 35,104 million (from Rs. 32,178 million) and net profit rose to Rs. 3,502 million (from Rs. 3,121 million), with basic EPS at Rs. 11.09 versus Rs. 9.87. A final dividend of Rs. 2.20 per share (220% on face value of Rs. 1) has been proposed, higher than Rs. 2.00 last year. Shareholders will also vote on re-appointing Mr. Jairam Varadaraj as Managing Director for 5 more years (April 2026 to March 2031) with a cap of Rs. 450 lakhs per annum in total remuneration, and on appointing MDS & Associates LLP as secretarial auditor for a 5-year term.
Positive signals for shareholders — both revenue and net profit grew in double digits, cash flow from operations jumped to Rs. 3,909 million, and the dividend has been hiked. The AGM agenda items (MD re-appointment, auditor changes) are routine but worth tracking for any shareholder objections or voting outcomes.