Elgi Equipments Limited has informed the Exchange that Board of Directors at its meeting held on May 27, 2026, recommended Final Dividend of Rs. 2.70 per equity share.
ELGIEQUIP · price
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Elgi Equipments' Board meeting on May 27, 2026 approved several items including a final dividend of Rs. 2.70 per equity share (270% on Re. 1 face value) for FY 2025-26, subject to shareholder approval at the August 14, 2026 AGM with record date July 17, 2026. Three director appointments were also approved: Ms. Padmaja Alaganandan (Independent), Mr. Varun Jay Varadaraj (Non-Independent, son of the Managing Director), and re-appointment of Mr. Anvar Jay Varadaraj as Executive Director for 5 years from August 2026. The company also plans to switch auditors from Price Waterhouse Chartered Accountants LLP to B S R & Co. LLP from the 67th AGM. Financially, consolidated sales grew 13% to Rs. 3,951 Crores and PAT rose 25% to Rs. 430 Crores for FY 2025-26, though standalone PAT marginally declined from Rs. 350 to Rs. 345 Crores.
The strong 25% PAT growth and elevated 270% dividend payout signal healthy earnings and cash generation, which is positive for shareholder returns. The director appointments, including a family member, warrant monitoring for governance implications.