Elgi Equipments Limited has informed the Exchange regarding a press release dated May 27, 2026, titled "Press Release".
ELGIEQUIP · price
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Elgi Equipments' Board meeting on May 27, 2026 approved several items including recommending a final dividend of Rs. 2.70 per share (270%) for FY2025-26, payable after shareholder approval at the August 14 AGM. The company announced strong FY2025-26 consolidated results with sales growing 13% to Rs. 3,951 crore and PAT rising 23% to Rs. 430 crore. Q4 consolidated PAT grew 25% to Rs. 128 crore. On the governance front, the board appointed Ms. Padmaja Alaganandan as an Independent Director (with 30+ years consulting experience at PwC and Mercer) and Mr. Varun Jay Varadaraj (son of MD Jairam Varadaraj) as Non-Independent Director. Mr. Anvar Jay Varadaraj was reappointed as Executive Director for 5 years. The board also approved changing statutory auditors from PwC to B S R & Co. LLP from the 67th AGM in 2027.
The strong 13% revenue growth and 23% PAT growth in consolidated financials signals solid operational performance. The dividend of Rs. 2.70 per share provides direct shareholder returns. The appointment of an experienced independent director and auditor rotation are positive governance steps. Note that standalone PAT declined marginally to Rs. 345 crore from Rs. 350 crore despite revenue growth.