ELGIEQUIP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Elgi Equipments' Board meeting on May 27, 2026 approved several items. The company recommended a final dividend of ₹2.70 per share (270%) for FY 2025-26, with record date July 17, 2026 and payment within 30 days of shareholder approval at the August 14 AGM. The board appointed Ms. Padmaja Alaganandan as an Independent Director (30+ years PwC consulting experience) and Mr. Varun Jay Varadaraj as Non-Independent Director (son of Managing Director). Mr. Anvar Jay Varadaraj was re-appointed as Executive Director for 5 years from August 2026. The company also announced switching statutory auditors from Price Waterhouse to B S R & Co. LLP from 2027. Financially, consolidated FY 2025-26 sales grew 13% to ₹3,951 Crore with PAT up 23% to ₹430 Crore, while standalone PAT declined slightly to ₹345 Crore. India and Americas delivered double-digit growth while Europe and Australia remained subdued.
The strong 23% PAT growth and dividend declaration are positive signals for shareholders. The new independent director with extensive consulting and board experience adds governance credibility. The family-linked director appointment maintains promoter continuity. The slight standalone PAT decline despite revenue growth warrants monitoring of cost pressures.