Eimco Elecon Board Approves Dividend Recommendation and Audit Report for FY 2026
Eimco Elecon (India) Limited announced the key outcomes of its Board Meeting held on April 14, 2026. The Board recommended a significant dividend for the financial year ended March 31, 2026, and approved the audited financial results for both the quarter and the full year.The company recommended a final dividend of 40% (Rs. 4/- per equity share) on its 57,68,385 fully paid equity shares of Rs. 10/- each. This recommendation is subject to the approval of the shareholders at the upcoming Annual General Meeting (AGM) and the dividend will be paid/dispatched on or before 30 days from the conclusion of the AGM.
Financial Results and Audit Opinion
During the meeting, the Board considered and approved the audited financial results, along with the accompanying Auditors' Report, for the quarter and year ended March 31, 2026. The company reported that the statutory auditors issued an Unmodified Audit Report on the Standalone Audited Financial Results for the period.The audited financial results presented were in accordance with Indian Accounting Standards and provided a true and fair view of the company's financial position.
| Metric | Quarter Ended March 31, 2026 (Rs. in Lakhs) | Year Ended March 31, 2026 (Rs. in Lakhs) |
|---|---|---|
| Total Income | 6,556.99 | 24,775.12 |
| Total Expenses | 5,662.96 | 19,739.48 |
| Net Profit after Tax | 636.42 | 3,871.33 |
| Total Comprehensive Income | 610.06 | 3,844.97 |
Corporate Governance and Appointments
The Board also approved several key appointments related to the company's governance structure and statutory compliance for the upcoming financial years.Auditor Re-appointments:
The Board approved the re-appointment of three firms for various auditing roles for the current fiscal years:
| Role | Auditing Firm | Financial Year |
|---|---|---|
| Internal Auditors | M/s. C. F. Patel & Co., Chartered Accountants | FY2026-27 |
| Cost Auditors | M/s. Diwanji & Co., Cost Accountants | FY2026-27 |
| Tax Auditors | M/s. K C Mehta & Co LLP, Chartered Accountants | FY2026-27 |
Risk Management Committee:
Furthermore, the Board approved the constitution of the Risk Management Committee. The composition of the committee includes:
| Name of Member | Category | Position |
|---|---|---|
| Mr. Jai S. Diwanji | Non-Executive Independent Director | Chairman |
| Mr. Pradip M. Patel | Non-Executive Non-Independent Director | Member |
| Mr. Kamlesh N. Shah | Executive Director | Member |
| Mr. Amit Kumar | Business Head - Construction | Member |
| Mr. Vishal C. Begwani | CFO | Member |
The company stated that it would inform stakeholders in due course regarding the date of the Annual General Meeting for the financial year ended March 31, 2026, and the date from which the dividend, if approved by the shareholders, will be paid.
EIMCOELECO Stock Price Movement
On Monday, Eimco Elecon (India) Limited shares slipped by 0.22% to close at ₹1760.00. The stock recorded a total traded volume of 27,921 shares during the session.Source:
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