Meeting Details

  • Meeting Type: 66th Annual General Meeting
  • Meeting Date: Thursday, June 25, 2026
  • Meeting Time: 3:00 PM to 3:38 PM IST
  • Mode: Conducted through Video Conferencing/Other Audio Visual Means (VC/OAVM)
  • Record Date: June 18, 2026
  • Total Shareholders on Record Date: 119,375

Voting Process Details

  • Remote e-voting period: June 22, 2026 (9:00 AM) to June 24, 2026 (5:00 PM)
  • Scrutinizer: S. Samdani of Samdani Shah and Kabra (FCS No. 3677)
  • Scrutinizer Appointment Date: April 15, 2026
  • Scrutinizer Report Date: June 26, 2026
  • Voting Service Provider: MUFG Intime India Private Limited
  • Total Outstanding Shares: 224,399,930

Attendance Details

  • Promoters/Promoter Group attending through VC: 12 members
  • Public shareholders attending through VC: 53 members
  • No shareholders attended in person or through proxy

Resolution Results Summary

All 8 resolutions proposed at the AGM were approved with requisite majority. The resolutions are deemed passed on June 25, 2026, as per Section 108 of the Companies Act, 2013.

Resolution 1: Adoption of Financial Statements

  • Type: Ordinary Resolution
  • Total Votes Polled: 160,183,482 (71.383% of outstanding shares)
  • Votes in Favor: 160,183,432 (100.00% of votes polled)
  • Votes Against: 50 (0.00% of votes polled)
  • Result: Passed
  • Notes: One member voted both for and against parts of their shares. One member (holding 3,424 shares) abstained.

Resolution 2: Declaration of Final Dividend

  • Type: Ordinary Resolution
  • Dividend Amount: ₹1.50 per equity share (150%)
  • Financial Year: Ended March 31, 2026
  • Total Votes Polled: 160,186,906 (71.3846% of outstanding shares)
  • Votes in Favor: 160,186,846 (100.00% of votes polled)
  • Votes Against: 60 (0.00% of votes polled)
  • Result: Passed
  • Notes: One member voted both for and against parts of their shares.

Resolution 3: Re-appointment of Director - Pradip M. Patel

  • Type: Ordinary Resolution
  • Director DIN: 00012138
  • Total Votes Polled: 160,183,482 (71.383% of outstanding shares)
  • Votes in Favor: 159,195,031 (99.3829% of votes polled)
  • Votes Against: 988,451 (0.6171% of votes polled)
  • Result: Passed
  • Notes: Eight members voted both for and against parts of their shares. One member (holding 3,424 shares) abstained.

Resolution 4: Re-appointment of Statutory Auditors

  • Type: Ordinary Resolution
  • Auditor Firm: CNK & Associates LLP
  • Total Votes Polled: 160,183,482 (71.383% of outstanding shares)
  • Votes in Favor: 156,648,861 (97.7934% of votes polled)
  • Votes Against: 3,534,621 (2.2066% of votes polled)
  • Result: Passed
  • Notes: Seven members voted both for and against parts of their shares. One member (holding 3,424 shares) abstained.

Resolution 5: Re-appointment of Chairman & MD - Prayasvin B. Patel

  • Type: Special Resolution
  • Director DIN: 00037394
  • Term: Three consecutive years effective July 1, 2026
  • Total Votes Polled: 160,183,482 (71.383% of outstanding shares)
  • Votes in Favor: 146,547,145 (91.4871% of votes polled)
  • Votes Against: 13,636,337 (8.5129% of votes polled)
  • Institutional Shareholders Dissent: 58.0252% against from public institutions
  • Result: Passed
  • Notes: Eight members voted both for and against parts of their shares. One member (holding 3,424 shares) abstained.

Resolution 6: Appointment of Executive Director - Aayush A. Shah

  • Type: Special Resolution
  • Director DIN: 07140517
  • Term: Three consecutive years effective October 1, 2026
  • Total Votes Polled: 160,183,482 (71.383% of outstanding shares)
  • Votes in Favor: 145,040,091 (90.5462% of votes polled)
  • Votes Against: 15,143,391 (9.4538% of votes polled)
  • Result: Passed
  • Notes: Five members voted both for and against parts of their shares. One member (holding 3,424 shares) abstained.

Resolution 7: Appointment of Independent Director - Savan R. Godiawala

  • Type: Special Resolution
  • Director DIN: 07874111
  • Term: Five consecutive years effective April 15, 2026
  • Total Votes Polled: 160,183,482 (71.383% of outstanding shares)
  • Votes in Favor: 152,267,103 (95.0579% of votes polled)
  • Votes Against: 7,916,379 (4.9421% of votes polled)
  • Result: Passed
  • Notes: Two members voted both for and against parts of their shares. One member (holding 3,424 shares) abstained.

Resolution 8: Ratification of Cost Auditors' Remuneration

  • Type: Ordinary Resolution
  • Auditor Firm: Ketki D. Visariya & Co.
  • Period: Financial Year 2026-27
  • Total Votes Polled: 160,183,442 (71.383% of outstanding shares)
  • Votes in Favor: 160,183,024 (99.9997% of votes polled)
  • Votes Against: 418 (0.0003% of votes polled)
  • Result: Passed
  • Notes: Two members (holding 3,464 shares total) abstained from voting.

Additional Information

  • The voting results and scrutinizer report have been posted on the company's website (www.elecon.com)
  • The scrutinizer report confirms all resolutions passed with requisite majority
  • Register and records relating to remote e-voting are in the custody of the scrutinizer and will be handed over to the Chairman/Company Secretary