Elecon Engineering Company Ltd Terminates Shareholders Agreement with Sandvik Mining and Construction OY

Elecon Engineering Company Ltd announced the outcome of its Board Meeting held on 23rd April, 2025. The Board approved the execution of a Termination Agreement with Sandvik Mining and Construction OY, Tamrock Great Britain Holdings Limited, BP Group, and other Sandvik companies to terminate a shareholders agreement that governed their inter-se relationship and their rights & obligations as shareholders/promoters of Eimco Elecon. The Board also approved the withdrawal of the nomination of its Directorship, Mr. Prashant C. Amin, from the Board of Directors of Eimco Elecon. Upon execution of the Termination Agreement and withdrawal of the nomination, Eimco Elecon (India) Limited will cease to be classified as an Associate Company of Elecon Engineering Company Ltd.