Board Meeting27 May 2026, 06:22 pm
Elgi Equipments: Directorate Change, Dividend of ₹2.70 Recommended
AI Summary
Elgi Equipments Ltd's board approved the appointment of Padmaja Alaganandan and Varun Jay Varadaraj as Additional Directors (Non-Executive Independent and Non-Executive Non-Independent, respectively), subject to shareholder approval. Anvar Jay Varadaraj's reappointment as Executive Director for 5 years was also approved. The board recommended a final dividend of ₹2.70 per share for FY26, with a record date of July 17, 2026. STR & Associates were appointed as Cost Auditors for FY27, and the board intends to recommend B S R & Co. LLP as Statutory Auditors from the 67th AGM to the 72nd AGM, subject to shareholder approval.
Key Highlights
- Padmaja Alaganandan appointed as Additional Director (Non-Executive Independent), effective May 27, 2026.
- Varun Jay Varadaraj appointed as Additional Director (Non-Executive Non-Independent), subject to shareholder approval.
- Anvar Jay Varadaraj re-appointed as Executive Director for 5 years from August 2, 2026.
- Final dividend of ₹2.70 per share recommended for FY26, record date July 17, 2026.
- STR & Associates appointed as Cost Auditors for FY27.
Price Impact
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