Elecon Engineering Company Limited has fixed June 12, 2026, as the record date to determine shareholder eligibility for a final dividend. The Board of Directors has recommended a payout of ₹1.50 per equity share, representing a 150% dividend on the face value of Re. 1.00 each for the financial year ended March 31, 2026. This dividend is subject to approval by the members at the upcoming Annual General Meeting. The company has published the notice for its 66th Annual General Meeting in the Business Standard and Jay Hind newspapers on May 21, 2026, under Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Tax Deduction Guidelines

Pursuant to the Income Tax Act, 2025, dividend is taxable in the hands of shareholders. The company will deduct tax at source based on shareholder categories. For resident individuals, TDS is applicable at 10% unless the aggregate dividend does not exceed Rs. 10,000 or Form 121 is submitted. Tax will not be deducted if a valid PAN linked to Aadhaar is provided. In the absence of a valid PAN or if PAN is not linked to Aadhaar, TDS will be deducted at a higher rate of 20%. Non-resident shareholders are subject to a withholding tax of 20% plus applicable surcharge and cess, unless they opt for beneficial Double Tax Avoidance Agreement (DTAA) rates by submitting specific documents.

Document Submission and Deadlines

To ensure appropriate tax deduction, shareholders must submit necessary documents such as self-declarations, Tax Residency Certificates (TRC), and PAN copies to the Registrar and Transfer Agent, MUFG Intime India Private Limited. The deadline for submitting these details is June 12, 2026. Shareholders holding shares in dematerialized form must update their records with depositories, while physical shareholders must furnish details to the Registrar. No communication regarding tax determination will be entertained after the record date.

66th Annual General Meeting Details

The company has scheduled its 66th AGM for Thursday, June 25, 2026, at 3:00 p.m. IST via Video Conference (VC). The Register of Members and Share Transfer Books will remain closed from June 13, 2026, to June 25, 2026. The cut-off date for determining eligibility for e-voting is June 18, 2026.

Key Corporate Actions

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.