Eimco Elecon (India) Limited has announced that its 52nd Annual General Meeting will be held on June 25, 2026, at 10:30 a.m. IST via Video Conferencing (VC) and Other Audio Visual Means (OAVM). The company published the public notice regarding the meeting, e-voting information, record date, and book closure in Business Standard and Jai Hind newspapers on June 3, 2026. This disclosure allows shareholders to prepare for participation and voting on corporate matters.

The meeting agenda includes standard statutory business required under the Companies Act, 2013. Shareholders whose shares are liable to be transferred to the Investor Education and Protection Fund (IEPF) Suspense Account have been individually notified. The company has uploaded full details of such shareholders and shares on its website. If no communication is received from the concerned shareholders, the shares will be transferred to the IEPF Suspense Account by the due date without further notice.

The notice also outlines the procedure for shareholders to claim shares and dividends from the IEPF Authority after transfer. For further information, members may contact the Registrar and Transfer Agent (RTA), MUFG Intime India Pvt. Ltd., or write to the company at its registered office.

Key Meeting Details

The company secretary, Parag Dave, signed the notice on behalf of Bosch Home Comfort India Limited, formerly known as Johnson Controls-Hitachi Air Conditioning India Limited. The registered office is located in Ahmedabad, Gujarat.

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