Elgi Equipments Limited has informed the Exchange that Record date for the purpose of Dividend is 17-Jul-2026.
ELGIEQUIP · price
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Elgi Equipments Board met on May 27, 2026, and recommended a final dividend of Rs. 2.70 per equity share (270% on face value of Re. 1) for FY 2025-26, subject to shareholder approval at the AGM on August 14, 2026. The record date for dividend entitlement is July 17, 2026. The company posted strong consolidated FY2025-26 sales of Rs. 3,951 Crores, up 13% from Rs. 3,510 Crores in the prior year, with consolidated PAT growing 23% to Rs. 430 Crores. The Board also appointed Ms. Padmaja Alaganandan as an Independent Director and Mr. Varun Jay Varadaraj (son of the Managing Director) as a Non-Independent Director, while recommending re-appointment of Mr. Anvar Jay Varadaraj as Executive Director for another 5 years.
The recommended 270% dividend signals confidence in the company's financial health, with the record date set for July 17, 2026. Strong 13% revenue growth and 23% PAT growth are positive indicators for shareholders, though standalone PAT marginally declined.