Eimco Elecon (India) Ltd has delivered exceptional financial performance in Q3FY26, demonstrating strong operational efficiency and remarkable profitability improvements. The company's Board of Directors approved the quarterly results and a significant land acquisition during their meeting held on January 8, 2026.

Q3FY26 Financial Performance

The company reported outstanding financial results for the quarter ended December 31, 2025, with substantial growth across all key metrics as per the unaudited financial results reviewed by statutory auditors.

Nine-Month Performance Highlights

For the nine months ended December 31, 2025, the company maintained strong profitability despite slight revenue decline compared to the previous year.

Board Approves Strategic Land Acquisition

The Board of Directors approved the purchase of approximately 35,056 square meters of freehold land in Kanjari, Ta. Nadiad, Dist. Kheda, Gujarat, for approximately ₹473.30 crores (excluding stamp duty and other charges). This strategic acquisition aims to support the company's future business outlook and expansion plans.

Regulatory Compliance and Governance

The unaudited financial results have been reviewed and recommended by the Audit Committee and approved by the Board of Directors. The statutory auditors K C Mehta & Co LLP have reviewed the financial results and expressed an unmodified conclusion. The Board meeting commenced at 11:30 a.m. IST and concluded at 1:20 p.m. IST on January 8, 2026.

Operational Excellence and Future Outlook

The company's Q3FY26 performance reflects exceptional operational efficiency with significant margin expansion. The revenue growth of 37.66% coupled with net profit surge of 102.22% demonstrates strong pricing power and effective cost management capabilities. As a prominent player in the capital goods sector specializing in non-electrical equipment, the strategic land acquisition positions the company for future expansion and indicates management's confidence in long-term growth prospects.

Eimco Elecon (India) Limited has successfully concluded its postal ballot process, with shareholders overwhelmingly approving all three proposed resolutions including adoption of a new Memorandum of Association, business expansion, and promoter reclassification.

Postal Ballot Results

The company announced the results of its postal ballot conducted through remote e-voting, which concluded on December 27, 2025. All three resolutions were passed with requisite majority by the shareholders, as confirmed by scrutinizer CS J.J. Gandhi.

Voting Participation and Statistics

The postal ballot witnessed significant participation from shareholders across all categories. Out of 18,967 total shareholders on the record date of November 21, 2025, the voting process saw substantial engagement through the e-voting platform provided by MUFG Intime India Pvt. Ltd.

Category-wise Voting Breakdown

The voting pattern showed strong support across all shareholder categories. Promoter and promoter group shareholders holding 28,23,920 shares achieved 99.95% participation with unanimous approval. Public institutions with 2,35,081 shares recorded 19.20% participation, while public non-institutions holding 27,09,384 shares had 0.49% participation.

New Business Expansion Scope

The approved alteration of the Objects clause significantly expands Eimco Elecon's business scope into three new strategic sectors. The company can now venture into construction machinery business, involving designing, developing, manufacturing, and trading of construction equipment operated by electricity, steam, or mechanical force for chemical, mechanical, electrical, electronic, metallurgical, agricultural, infrastructure, and other engineering industries.

MOA Restructuring Details

The new Memorandum of Association brings the company's charter in line with the Companies Act 2013, replacing the earlier framework based on the Companies Act 1956. The restructured MOA divides the objects clause into two distinct parts: main objects under Clause III(A) and matters necessary for furtherance under Clause III(B). The liability clause has been updated to clearly specify that member liability is limited to unpaid amounts on shares held by them.

Regulatory Compliance and Process

The postal ballot process was conducted in compliance with Section 108 and 110 of the Companies Act 2013, along with SEBI (LODR) Regulations 2015. The company followed MCA circulars and conducted the entire process through remote e-voting without physical ballot papers. Public advertisements were published in Business Standard and Jaihind-Ahmedabad newspapers on November 27, 2025.

Corporate Transformation Impact

These approvals mark a significant milestone in Eimco Elecon's corporate transformation journey. The company can now proceed with its planned business expansion into construction machinery, defence platforms, and pharmaceuticals while completing the regulatory process for promoter reclassification with stock exchanges. The overwhelming shareholder support demonstrates confidence in the company's strategic direction and diversification plans across multiple industrial sectors.