ELGIEQUIP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Elgi Equipments Ltd's Board of Directors met on May 27, 2026 and approved several key items. The Board recommended a final dividend of Rs. 2.70 per equity share (270%) for FY 2025-26, with the record date fixed as July 17, 2026, payable within 30 days of shareholder approval at the AGM on August 14, 2026. Three director changes were approved: Ms. Padmaja Alaganandan appointed as Non-Executive Independent Director for 5 years, Mr. Varun Jay Varadaraj (son of Managing Director) appointed as Non-Executive Non-Independent Director, and Mr. Anvar Jay Varadaraj re-appointed as Executive Director for 5 years from August 2026. The Company also announced appointment of STR & Associates as Cost Auditors for FY 2026-27 and recommended B S R & Co. LLP as new Statutory Auditors from 2027, replacing Price Waterhouse. Financial results showed strong performance with FY 2025-26 consolidated sales of Rs. 3,951 Crores (up 13%) and consolidated PAT of Rs. 430 Crores (up 23%).
The recommended dividend of Rs. 2.70 per share provides income return to shareholders. Director appointments bring fresh expertise (Ms. Alaganandan's 30+ years consulting experience) and maintain family continuity. Strong 23% PAT growth and positive Q1 2026-27 outlook are positive signals for investors.