Elecon Engineering Company Limited has announced a special window for shareholders to re-lodge transfer requests for physical securities that were rejected or not attended to due to deficiencies. This window, established pursuant to a SEBI circular dated January 30, 2026, will remain open from February 05, 2026, to February 04, 2027. The measure applies to securities sold or purchased prior to April 01, 2019.

The company stated that all securities transferred under this special window will be mandatorily credited to the transferee only in dematerialised form. Additionally, securities transferred during this period will be subject to a lock-in period of one year from the date of registration of transfer. This regulatory provision aims to streamline the transfer process for legacy physical shareholdings.

Eligible shareholders are required to submit their share transfer requests along with the requisite documents to the company's Registrar and Share Transfer Agent (RTA). The designated RTA is M/FS Intime India Private Limited, located in Vadodara, Gujarat. Shareholders can access the detailed circular under the Investors section of the company's website.

The intimation regarding this special window was published in The Business Standard Newspaper and Jay Hind Newspaper on June 09, 2026. The communication was addressed to the stock exchanges, including The BSE Ltd. and National Stock Exchange of India Ltd., to ensure broad dissemination of the information to the investing public.

Key Details of the Special Window

Elecon Engineering Company Limited has submitted its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26 to the stock exchanges. The filing, made on June 2, 2026, details the company's adherence to Environmental, Social, and Governance (ESG) principles and its performance against the National Guidelines on Responsible Business Conduct (NGRBC). The report highlights the company's commitment to transparency, accountability, and sustainable development across its operations in the transmission and material handling equipment sectors.

The company reported a paid-up capital of ₹ 2,244.00 Lakhs and stated that exports constituted 8.01% of its total turnover for the year. Elecon Engineering's primary business activities include the manufacturing of gears and bulk material handling equipment, which accounted for 61.62% and 36.06% of the total turnover respectively. The company operates two manufacturing plants and 13 offices nationally, serving 30 states and union territories in India and 32 countries internationally.

Sustainability and Energy Initiatives

Elecon Engineering has integrated ESG factors into its corporate strategy, focusing on minimising its environmental footprint. The company has an installed renewable energy capacity of 5.5 MW in solar and 13.25 MW in wind energy, achieving 20%-30% of its total energy consumption from renewable sources. Strategic projects are underway to enhance wind capacity to 3.3 MW and solar capacity to 5 MW, although the commissioning timeline has been extended to the financial year 2026-27 due to adverse climatic conditions.

The company has committed to Science Based Targets initiative (SBTi) goals, aiming to reduce absolute Scope 1 and Scope 2 greenhouse gas emissions by 54.6% by FY 2033. Additionally, it plans to ensure that 81.4% of its suppliers by emissions covering purchase of goods and services are aligned by FY 2028. To support these goals, the company inducted three electric forklifts and ten e-kick scooters to reduce fossil fuel consumption.

Employee Welfare and Governance

The company's workforce comprised 939 employees and 1,513 workers as of the end of the financial year. Women accounted for 2.77% of the total employees and 0.20% of the total workers. The Board of Directors included one female member out of eight, representing 12.50% of the board. Elecon Engineering reported that 100% of permanent employees and workers were covered by health and accident insurance.

Governance structures include policies approved by the Board covering all NGRBC principles. The Board reviews sustainability policies on an annual basis. The company has established mechanisms for grievance redressal for employees and workers and maintains an anti-corruption policy as part of its Code of Conduct. CNK & Associates LLP provided reasonable assurance for the BRSR Core KPIs and limited assurance for Essential Indicators.

Financial and Regulatory Disclosures

The BRSR disclosure included details of fines and penalties paid during the financial year. The company faced a penalty of ₹ 5.69 Lakhs from the Superintendent of Central GST & Central Excise, Anand, regarding non-compliances by a customer, and ₹ 11.99 Lakhs from the Dy. Commission of State Tax, Surat, due to a mismatch of name in ship-to consignment. Both penalties are under appeal. Additionally, the National Stock Exchange of India Limited (NSE) levied a penalty of ₹ 0.60 Lakhs for delayed submission of compliance, which was later waived.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE205B01031/8379e7d5175d4d33.pdf