Elecon Engineering Company has dispatched formal notices dated May 11, 2026 to shareholders who have not encashed dividend warrants for seven consecutive years, warning of an impending transfer of their equity shares to the Investor Education and Protection Fund (IEPF) Account. The communication has been made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and is addressed to shareholders whose dividends have remained unclaimed commencing from the financial year 2018-2019. Subsequently, the company filed an intimation with BSE and NSE on May 13, 2026, confirming that the shareholder notice pertaining to the transfer of equity shares to the IEPF Authority's Demat Account was published in The Business Standard (English) and Jay Hind (Gujarati) newspapers on May 12, 2026, pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Basis for Share Transfer

The transfer is being carried out pursuant to Section 124(6) of the Companies Act, 2013, read with the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, as amended from time to time. Under these provisions, shares on which dividends have not been paid or claimed for seven consecutive years or more are liable to be transferred to the IEPF Account — a fund constituted by the Government of India under Section 125 of the Companies Act, 2013. The company has noted that no dividend was declared for the financial year 2019-2020.

Dividend Years Under Reference

The unclaimed dividends span multiple financial years. The following table outlines the financial years for which dividends remain unpaid or unclaimed, as referenced in the company's shareholder notice:

Deadline and Claim Process

Shareholders are urged to claim their unpaid or unclaimed dividends on or before October 5, 2026. Failure to do so will result in the transfer of the concerned equity shares to the IEPF Account. Claims for unpaid or unclaimed dividends should be submitted to the company's Registrar and Share Transfer Agent:

Newspaper Publication Details

In compliance with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company formally notified the stock exchanges of the newspaper publication. The details of the publication are as follows:

Reclaiming Shares from IEPF

Shareholders whose shares and corresponding dividends have already been or will be transferred to the IEPF Authority Account retain the right to reclaim them. The reclaim process requires filing e-Form No. IEPF-5, as prescribed under the IEPF Authority Rules, 2016, directly with the IEPF Authority. Shareholders seeking further information or clarification may also contact the company's registered office at Anand-Sojitra Road, Vallabh Vidyanagar 388 120, Dist. Anand, Gujarat, or reach out via email at investor.relations@elecon.com . The notice has been signed by Bharti Isarani, Company Secretary and Compliance Officer of Elecon Engineering Company.

Elecon Engineering Company reported its Q4 FY26 financial results, with consolidated revenue from operations standing at INR746 crores compared to INR798 crores in the corresponding quarter of the previous year. The company delivered EBITDA of INR158 crores, maintaining a margin of 21.2%, while net profit for the quarter came in at INR108 crores, translating to a PAT margin of 14.5%. The quarter's performance was primarily impacted by slower conversion of the order pipeline into revenue, with customers recalibrating their capex schedules amid broader industry trends.

For the full year FY26, adjusted consolidated revenue stood at INR2,341 crores compared to INR2,227 crores in FY25. Adjusted EBITDA for the year reached INR498 crores with margins of 21.3%, remaining broadly stable despite near-term execution volatility. The company recognized an exceptional item including impairment of goodwill of INR102 crores. Including all exceptional and one-time items, reported PAT for FY26 stood at INR341 crores.

Segment Performance

The Gear Division, which contributed approximately 63% of consolidated revenue in Q4, reported revenue of INR472 crores, reflecting a decline of 21% year-on-year. This was primarily due to delayed order inflows, extended dispatch timelines, and customer-led deferment of delivery amid ongoing macroeconomic and geopolitical uncertainties. The division's EBIT stood at INR91 crores with margins at 19.3%. Order intake remained strong at INR550 crores during the quarter, with an open order book of INR894 crores as of March 31, 2026.

The Material Handling Equipment (MHE) Division continued its strong growth trajectory, posting a 36.8% year-on-year increase in revenue to INR274 crores from INR200 crores in Q4 FY25. This performance was driven by sustained demand across core sectors such as power, cement, mining, and ports. EBIT for the division stood at INR62 crores compared to INR59 crores in the corresponding quarter of the previous year. The division's order book closed at INR398 crores as of March 31, 2026.

Strategic Outlook and Balance Sheet

The company maintains a strong financial position with a net cash balance of approximately INR700 crores. The Board has recommended a final dividend of INR1.50 per equity share having a face value of INR1 each, subject to shareholders' approval. Regarding future guidance, the company expects growth in FY27 compared to FY26 while maintaining stable margins. However, management acknowledged that the specific amount of growth remains uncertain given the continued macroeconomic uncertainty and limited near-term visibility.

The company has established a step-down subsidiary in Mexico to strengthen its presence in the Latin American region. Capacity utilization currently stands at 56% to 60%. The company continues to focus on portfolio diversification, expansion into new sectors and geographies, and continuous strengthening of engineering and execution capabilities.