Elgi Equipments Limited announced a final dividend of Rs 2.70 per equity share for the financial year ended March 31, 2026. The dividend is subject to shareholder approval at the annual general meeting. The record date for determining entitlement has been fixed as July 17, 2026.
The board appointed Ms Padmaja Alaganandan as an Additional Director in the category of Non-Executive Independent Director for a term of five years, effective May 27, 2026. She is a former PwC Consulting partner with over 30 years of experience and currently serves on the boards of Airtel Payments Bank and Volvo Eicher Commercial Vehicles.
Mr Varun Jay Varadaraj was appointed as an Additional Director in the category of Non-Executive Non-Independent Director, effective May 27, 2026. He is the son of Managing Director Mr Jairam Varadraj and brother of Executive Director Mr Anvar Jay Varadaraj. Mr Varun Jay Varadaraj is an entrepreneur who previously served in roles at Elgi Equipments and KIND Snacks.
Mr Anvar Jay Varadaraj was re-appointed as Executive Director for five years, from August 2, 2026 to August 1, 2031. He is the Chief Operating Officer and has held leadership roles across marketing, business operations, and global growth since joining the company in 2015.
The 66th Annual General Meeting will be held on August 14, 2026. The board meeting commenced at 1:30 PM and concluded at 4:00 PM.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.