Business Update8 Jan 2026, 01:40 pm
Eimco Elecon (India) Ltd. Approves Land Purchase to Support Future Business Outlook
AI Summary
Eimco Elecon (India) Ltd. held a Board Meeting on 8th January, 2026, where they considered and approved the purchase of a parcel of land in Kanjari, Ta. Nadiad, Dist. Kheda, Gujarat, for approximately 35,056 square meters. The transaction is for all cash consideration through banking channels, excluding stamp duty and other charges, amounting to approximately Rs. 4733 Lakh. The company's unaudited financial results for the quarter and nine months ended on 31st December, 2025, were also approved in the meeting.
Key Highlights
- Eimco Elecon (India) Ltd. approved the purchase of a parcel of land in Kanjari, Gujarat.
- The land is approximately 35,056 square meters and the transaction is for all cash consideration through banking channels.
- The transaction is expected to support the company's future business outlook.
- The company's unaudited financial results for the quarter and nine months ended on 31st December, 2025, were also approved.
- The financial results have been reviewed by the Statutory Auditors and they have expressed an unmodified conclusion.