The intention to recommend the appointment of BSR & Co. LLP, Chartered Accountants as statutory auditors subject to shareholders approval in AGM to be held in the year 2027.

Elgi Equipments board met on May 27, 2026 and approved several items: (1) Recommended final dividend of ₹2.70 per share (270%) for FY 2025-26, payable within 30 days of shareholder approval at the August 14 AGM, with July 17 as record date; (2) Appointed Ms. Padmaja Alaganandan as Additional Non-Executive Independent Director for 5 years and Mr. Varun Jay Varadaraj (son of Managing Director Jairam Varadaraj) as Additional Non-Executive Non-Independent Director, both subject to shareholder approval; (3) Re-appointed Mr. Anvar Jay Varadaraj (another son of Managing Director) as Executive Director for 5 years from August 2026; (4) Plans to replace Price Waterhouse Chartered Accountants with BSR & Co. LLP as statutory auditors from 2027 AGM after completing their 5-year term; (5) Reported strong Q4 results with consolidated sales of ₹1,113 Cr (up 12%) and FY sales of ₹3,951 Cr (up 13%), with consolidated PAT at ₹430 Cr vs ₹350 Cr in prior year.