Elgi Equipments Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 12, 2025
ELGIEQUIP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Elgi Equipments held its 65th AGM on August 12, 2025 via video conferencing, attended by 53 members representing approximately 9.05 crore equity shares. Shareholders approved the adoption of audited standalone and consolidated financial statements for FY ended March 31, 2025, and declared a dividend of Rs. 2.20 per equity share (220% on face value of Re. 1). The meeting also approved the re-appointment of Mr. Sudarsan Varadaraj as a director (by rotation), ratification of cost auditor remuneration for FY26, and appointment of MDS & Associates LLP as secretarial auditors for a 5-year term starting FY26. A special resolution was passed to re-appoint Mr. Jairam Varadaraj as Managing Director for another 5-year period from April 1, 2026 to March 31, 2031. Voting results combining remote e-voting and meeting e-voting will be declared within two working days.
Shareholders benefit from a Rs. 2.20 per share dividend, and continuity in leadership is confirmed with the MD's re-appointment, which may be viewed positively for operational stability. The appointment of a new secretarial auditor for a 5-year term signals a routine governance refresh.