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Latest news about Eimco Elecon

Eimco Elecon Seeks Reclassification of Tamrock Great Britain Holdings from Promoter to Public Category Oct 13, 2025

Eimco Elecon has applied to BSE and NSE for reclassifying Tamrock Great Britain Holdings Limited from 'Promoter/Promoter Group' to 'Public' category. The application, dated October 13, 2025, is in compliance with SEBI regulations. Tamrock currently holds 0.00 shares in Eimco Elecon. The company awaits 'no objection' from the stock exchanges for this categorical change.

Investor Vijay Kedia Acquires Stake in Eimco Elecon Amid AI Skepticism Oct 10, 2025

EIMCO ELECON Reports Sharp Decline in Q2 Revenue and Profits Oct 09, 2025

Vijay Kedia Acquires Significant Stake in Eimco Elecon Amid Stock's Recent Decline Oct 07, 2025

Eimco Elecon Receives Reclassification Request from Former Promoter Group Member Tamrock Great Britain Holdings Oct 01, 2025

More news about Eimco Elecon

26Sept 25

Tamrock Great Britain Holdings Exits Eimco Elecon, Sells Entire 24.68% Stake

Tamrock Great Britain Holdings Limited, a major promoter group entity, has completely divested its 24.68% stake in Eimco Elecon (India) Limited through an offer for sale (OFS) on the stock exchanges. The sale involved 14,23,875 shares and was executed on September 24-25 via BSE and NSE. The transaction reduces Tamrock's shareholding from 24.68% to nil, while Eimco Elecon's total equity share capital remains unchanged at 57,68,385 shares.

24Sept 25

Tamrock Great Britain Holdings Expands Eimco Elecon Share Offer to 24.68% of Total Equity

Tamrock Great Britain Holdings has expanded its offer for sale in Eimco Elecon (India) Limited to 14,23,875 shares, representing 24.68% of the company's equity. The offer, initially set at 7,23,875 shares, now includes an additional 7,00,000 shares through an oversubscription option. The sale is scheduled for September 24-25, 2025, with 1,42,388 shares reserved for retail investors. This move could impact Eimco Elecon's stock price and shareholding pattern.

24Sept 25

Eimco Elecon Shares Plunge 15% as Promoter Announces Major Stake Sale

Eimco Elecon's shares dropped 15% following an announcement by promoter Tamrock Great Britain Holdings Limited to sell up to 24.68% stake through an Offer for Sale (OFS). The OFS includes a base offer of 12.55% with an oversubscription option for an additional 12.14%. The floor price is set at ₹1,400 per share, a 31% discount to the previous closing price. The OFS is scheduled for September 24-25, 2025, with a 10% reservation for retail investors.

15Sept 25

Eimco Elecon Reports Q1 Results: Revenue Dips, Order Book Shrinks Significantly

Eimco Elecon (India) Limited's Q1 investor presentation revealed a slight 3.1% revenue decline to INR 68.00 crores. EBITDA fell 18.3% to INR 12.00 crores, while PAT decreased 2.0% to INR 14.00 crores. The company's order book saw a substantial 68.8% reduction to INR 39.00 crores from INR 125.00 crores year-over-year. Despite challenges, gross profit improved to INR 37.00 crores with a margin expansion to 55.0%. The significant order book decline may pose future growth challenges for the underground mining equipment manufacturer.

05Aug 25

Eimco Elecon Seeks Shareholder Approval for Kamlesh Nalin Shah's Appointment as Executive Director

Eimco Elecon has initiated a postal ballot for shareholder approval to appoint Mr. Kamlesh Nalin Shah as Whole-time Director designated as Executive Director for a three-year term from September 10, 2025, to September 9, 2028. The proposed remuneration package includes a basic salary of Rs. 4.80 lakh per month, allowances of Rs. 8.55 lakh per month, and variable incentives up to Rs. 25 lakh per annum. Mr. Shah brings 27 years of experience in various financial and operational areas. The e-voting period is from August 7 to September 5, 2025. The company's financial performance shows consistent growth over the past three fiscal years.

11Jul 25

Eimco Elecon Reports Strong Demand in Indian and International Markets, Announces Leadership Changes

Eimco Elecon, a material handling equipment manufacturer, reports strong demand in Indian and international markets. The company announces key leadership changes: Mr. Mukulnarayan Dwivedi to step down as Executive Director but continue as Mining Equipment Business Vertical Head; Mr. Kamlesh Nalin Shah appointed as new Executive Director; Mrs. Manjuladevi Shroff to conclude her term as Independent Director.

10Jul 25

EIMCO ELECON Reports Q1 EBITDA and Revenue Decline

Eimco Elecon, an industrial machinery company, has released its Q1 financial results showing declines across key metrics. Revenue decreased by 3.01% to ₹676.00 crore, EBITDA fell by 18.54% to ₹123.00 crore, and net profit dipped by 2.03% to ₹145.00 crore compared to the same quarter last year. The EBITDA margin also decreased from 21.60% to 18.22%.

23Apr 25

EIMCO ELECON Reports Mixed Q4 Results: Revenue Dips, EBITDA Margin Improves

EIMCO ELECON's Q4 financial results show a 23.70% year-over-year revenue decline to ₹643.00 million. However, the company improved its profitability metrics, with EBITDA increasing to ₹181.00 million and EBITDA margin expanding significantly to 28.23%. Net profit remained stable at ₹149.00 million, slightly up from the previous year. The results demonstrate the company's effective cost management and operational efficiency in the face of revenue challenges.