Wasatch Advisors sells 150,000 Elgi Equipments shares

2 min read     Updated on 14 May 2026, 10:46 AM
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Reviewed by
Naman SScanX News Team
AI Summary

Wasatch Advisors LP sold 150,000 shares of Elgi Equipments Ltd on May 12, 2026, reducing its stake to 3.1539%. The transaction was conducted via open market operations.

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Wasatch Advisors LP has disclosed the disposition of shares in elgi equipments pursuant to Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquirer sold 150,000 shares carrying voting rights via an open market transaction on May 12, 2026.

Details of Disposition

The sale resulted in a reduction of the acquirer's holding by 0.0473% of the total share capital. Prior to the transaction, Wasatch Advisors LP held 10,145,119.00 shares, which represented 3.2013% of the company's voting rights. Following the sale, the total shareholding stands at 9,995,119.00 shares.

Shareholding Pattern

The table below outlines the changes in the acquirer's shareholding position before and after the transaction:

Description Number of Shares % of Total Share Capital % of Diluted Share Capital
Holding Before Sale
Shares carrying voting rights 10,145,119.00 3.2013% 3.2013%
Transaction Details
Shares sold -150,000.00 -0.0473% -0.0473%
Holding After Sale
Shares carrying voting rights 9,995,119.00 3.1539% 3.1539%

Capital Structure

The total equity share capital of Elgi Equipments Ltd remains unchanged at Rs. 316,909,000.00, based on a par value of Rs 1.00 and total issued shares of 316,909,000. The total diluted share capital post-transaction is reported as 316,909,000.00. Wasatch Advisors LP has confirmed that it does not belong to the promoter or promoter group of the target company.

Historical Stock Returns for Elgi Equipments

1 Day5 Days1 Month6 Months1 Year5 Years
+1.14%-4.39%+1.70%+4.88%+13.73%+156.18%

Will Wasatch Advisors LP continue to reduce its stake in Elgi Equipments below the 3% threshold, potentially triggering further regulatory disclosures or signaling a broader portfolio reallocation?

How might sustained foreign institutional selling in Elgi Equipments impact the stock's liquidity and valuation multiples in the near to medium term?

Could Wasatch Advisors LP's partial exit prompt other foreign portfolio investors to reassess their positions in Elgi Equipments amid evolving global macroeconomic conditions?

Elgi Equipments Schedules Q4 FY26 Earnings Conference Call for May 28, 2026

1 min read     Updated on 14 May 2026, 06:04 AM
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Reviewed by
Jubin VScanX News Team
AI Summary

Elgi Equipments has announced its Q4 FY26 earnings conference call for analysts and investors on Thursday, May 28, 2026, at 10:00 AM IST via Microsoft Teams Meeting. The intimation, filed on May 13, 2026, confirms Managing Director Jairam Varadaraj as the company representative, with AMSEC Research coordinating the call. No Unpublished Price Sensitive Information will be discussed, and all presentations, recordings, and transcripts will be uploaded on the company's website post the meeting.

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Elgi Equipments has announced the scheduling of its Q4 FY26 earnings conference call for analysts and investors, to be held on Thursday, May 28, 2026, at 10:00 AM IST via Microsoft Teams Meeting. The intimation was filed with stock exchanges on May 13, 2026, by Company Secretary & Compliance Officer Rohit Gupté, in accordance with Regulation 30 read with Para A of Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Conference Call Details

The key details of the scheduled earnings webinar are outlined below:

Parameter: Details
Event: Q4 FY26 Earnings Conference Call
Date: Thursday, May 28, 2026
Time: 10:00 AM IST
Platform: Microsoft Teams Meeting
Company Representative: Mr. Jairam Varadaraj, Managing Director
Call Coordinator: AMSEC Research
AMSEC Contact: 022 4343 5000 | research@amsec.in

Regulatory Compliance and Disclosures

The notice has been duly submitted to both the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) as required under applicable listing regulations. The company has clarified that no Unpublished Price Sensitive Information is intended to be discussed during the meeting. As prescribed under the Listing Regulations, presentations, recordings, and transcripts of the conference call will be uploaded on the company's website and intimated to the stock exchanges in due course.

The intimation is also hosted on the company's official website at www.elgi.com . Investors and analysts can register for the Microsoft Teams Meeting via the registration link provided in the official invitation. Elgi Equipments is headquartered at Elgi Industrial Complex III, Trichy Road, Singanallur, Coimbatore - 641005, Tamil Nadu, India.

Historical Stock Returns for Elgi Equipments

1 Day5 Days1 Month6 Months1 Year5 Years
+1.14%-4.39%+1.70%+4.88%+13.73%+156.18%

How might Elgi Equipments' Q4 FY26 revenue and margin performance compare to its domestic and global compressor industry peers amid current macroeconomic headwinds?

What strategic updates is Managing Director Jairam Varadaraj likely to provide regarding Elgi's international expansion plans, particularly in North America and Europe?

How could potential shifts in capital expenditure cycles across manufacturing and infrastructure sectors impact Elgi Equipments' order book and demand outlook for FY27?

More News on Elgi Equipments

1 Year Returns:+13.73%