Meeting Details
- Date: Friday, August 14, 2026
- Time: 10:00 AM (IST)
- Location: Conducted through video conferencing (VC) / other audio visual means (OAVM)
- Type: Annual General Meeting
- Compliance: Conducted in compliance with MCA Circulars and SEBI Circulars permitting VC/OAVM meetings, and provisions of Companies Act, 2013
Attendance
- 44 members attended representing 8,77,85,187 equity shares
- Directors Present: Dr. Jairam Varadaraj (Managing Director & Chairman), Mr. Sudarsan Varadaraj (Non-Executive Director), Mr. Srinivasan Krishnamurthi (Independent Director), Ms. Padmaja Alaganandan (Independent Director), Mr. Srinivasan Ravindran (Independent Director), Mr. Anvar Jay Varadaraj (Executive Director)
- In Attendance: Mr. Rohit Gupte (Company Secretary and Compliance Officer), Mr. Indranil Sen (Chief Financial Officer), Mr. Arun Rajagopalan (Partner of Price Waterhouse Chartered Accountants LLP), Mr. M D Selvaraj (Partner of MDS & Associates LLP)
Resolutions Considered
Item No. 1: Adoption of audited standalone and consolidated financial statements including Statement of Profit and Loss, cash flows, changes in equity, and Balance sheet as at March 31, 2026, together with reports of Board of Directors and Auditors (Ordinary Resolution)
Item No. 2: Declaration of dividend at 270% equivalent to ₹2.70 per equity share of face value of Re. 1 each for financial year ended March 31, 2026 (Ordinary Resolution)
Item No. 3: Re-appointment of Mr. Anvar Jay Varadaraj (DIN: 07273942) as a Director on retirement by rotation (Ordinary Resolution)
Item No. 4: Ratification of remuneration payable to M/s. STR & Associates (Firm Registration No.000029), Cost Auditors for financial year 2026-2027 (Ordinary Resolution)
Item No. 5: Approval for Re-appointment of Mr. Anvar Jay Varadaraj as Executive Director for a further term of five financial years with effect from August 2, 2026 till August 1, 2031 (Ordinary Resolution)
Item No. 6: Approval for Appointment of Ms. Padmaja Alaganandan as an Independent Director (Special Resolution)
Item No. 7: Approval for appointment of Mr. Varun Jay Varadaraj as a Non-Executive Non-Independent Director (Ordinary Resolution)
Voting Process
- Remote e-voting facility provided by MUFG Intime India Private Limited during period from Tuesday, August 11, 2026 to Thursday, August 13, 2026
- Facility for voting during the meeting also provided to members who had not cast votes through remote e-voting
- Mr. M D Selvaraj FCS, Managing Partner of MDS & Associates LLP appointed as Scrutinizer for e-voting process
- No voting by show of hands due to VC/OAVM format
- Results to be declared after considering both remote e-voting and e-voting during meeting within two working days
- Consolidated Scrutinizer's Report to be placed on Company website and MUFG website
Compliance and Regulatory Matters
- Meeting conducted in compliance with MCA Circulars and SEBI Circulars
- Statutory Registers and documents referred to in AGM Notice made available for inspection
- Company received certificate from Secretarial Auditors certifying Elgi Equipments Limited Employee Stock Option Plan 2019 implemented in compliance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
- Auditors' Reports on standalone and consolidated financial statements and Secretarial Audit Report contained no qualification, reservation, adverse remark, or disclaimer
Meeting Proceedings
- Dr. Jairam Varadaraj elected as Chairman for AGM
- Meeting recorded with video to be made available on company website
- No physical attendance, therefore proxy appointment not applicable
- Quorum present as per Section 103 of Companies Act, 2013
- Question-and-answer session conducted with registered speaker shareholders
- Meeting concluded at 10:46 AM (including time allowed for e-voting)
Additional Information
- AGM Notice dated May 27, 2026
- Information available on company website: www.elgi.com
- Signed by Mr. Rohit Gupte, Company Secretary and Compliance Officer (Membership No.: A12422)