Eimco Elecon (India) Limited reported a 6% decline in revenue to ₹231 crore for the financial year ended March 31, 2026, compared to ₹247 crore in the previous year. Profit After Tax (PAT) stood at ₹39 crore, down from ₹50 crore in the preceding year, reflecting the impact of mixed macroeconomic conditions and industrial demand fluctuations. Despite the revenue dip, the company maintained a strong position in the underground mining equipment sector, supported by sustained demand and improved execution capabilities.

The Board of Directors has recommended a dividend of 40%, or ₹4 per equity share, for the financial year 2025-26, subject to the approval of shareholders at the upcoming Annual General Meeting (AGM). This marks a decrease from the previous year's dividend of ₹5 per share. The company’s operational focus remained on capacity enhancement, order book quality, and cost efficiencies to navigate the cyclical pressures inherent in the capital-intensive mining and construction sectors.

Financial Performance

For the year ended March 31, 2026, the company’s total revenue was recorded at ₹23,074.65 Lakhs, a decrease from ₹24,647.25 Lakhs in the previous year. Profit Before Tax (PBT) for the year was ₹5,035.64 Lakhs, compared to ₹6,560.06 Lakhs in the prior year. The financial results reflect prevailing market conditions as well as the company's focused efforts on building future capabilities through research and development and product initiatives.

Operational Highlights

During the year, Eimco Elecon continued to invest in research and development, including scaling recently introduced products such as the MCAR-E battery-operated man-riding vehicle and the UV-A-BE multi-utility vehicle. The company also expanded its presence in the construction equipment segment through the introduction of indigenous high-end piling rigs developed under ‘Make in India’ initiatives. These efforts are aimed at diversifying revenue streams and tapping into infrastructure-led opportunities across sectors like metro rail and highways.

The company’s manufacturing facilities are equipped with CNC machines and automated material handling systems to ensure productivity and operational safety. Eimco Elecon holds ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications, reflecting its commitment to quality, environmental management, and occupational health and safety standards.

Corporate Governance and Board Changes

The Board of Directors underwent changes during the year, including the cessation of tenure by Mrs. Manjuladevi Shroff and Mr. Mukulnarayan Dwivedi. Mr. Kamlesh Shah was appointed as an Executive Director effective September 10, 2025. The company has also voluntarily constituted a Risk Management Committee to frame, implement, and monitor the risk management plan.

The 52nd Annual General Meeting is scheduled for June 25, 2026, through Video Conferencing. The statutory auditors, K C Mehta & Co LLP, have confirmed their eligibility and reported that the Auditor’s Report for the financial year ended March 31, 2026, does not contain any qualifications, reservations, or adverse remarks.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE158B01016/6f15fd9f65f24f62.pdf

Eimco Elecon (India) Limited has announced the tax deduction at source (TDS) regulations applicable to the final dividend of ₹4 per equity share recommended for the financial year ended March 31, 2026. The dividend, equivalent to 40% of the face value of ₹10 each, is subject to shareholder approval at the 52nd Annual General Meeting (AGM) scheduled for June 25, 2026. In compliance with the Income Tax Act, 2025, the company will deduct tax at source from the dividend paid to shareholders based on their category and the documentation provided.

For resident shareholders, TDS will be deducted at 10% under Section 393(1) of the Act unless the aggregate dividend distributed during the financial year does not exceed ₹10,000. Tax will not be deducted if shareholders submit Form 121, provided eligibility conditions are met. However, shareholders without a valid Permanent Account Number (PAN) or those whose PAN is not linked with Aadhaar will face TDS at a higher rate of 20% under Section 397(2) of the Act.

Non-resident shareholders, including Foreign Institutional Investors and Foreign Portfolio Investors, are subject to a withholding tax rate of 20% plus applicable surcharge and cess. These shareholders may opt for beneficial rates under the Double Tax Avoidance Agreement (DTAA) by submitting specific documents, including a Tax Residency Certificate (TRC) and Digital Form 41. The company has fixed June 12, 2026, as the record date to determine eligibility for the dividend and as the deadline for submitting necessary tax documents.

Tax Rates and Documentation Requirements

Shareholders holding shares in dematerialized form must update their tax residential status, PAN, and email addresses with their depository participants. Those holding physical shares should submit details to the company's Registrar and Share Transfer Agent, MUFG Intime India Private Limited. The company emphasized that no requests for revising TDS returns will be entertained, and any communication regarding tax determination received after June 12, 2026, will not be accepted.