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Eimco Elecon (India) Limited held its 51st Annual General Meeting (AGM) on 25th June, 2025, from 10:00 a.m. to 11:18 a.m. All resolutions placed before the members were passed with the requisite majority.

Key resolutions approved include:

• Consideration and adoption of the audited financial statements for the financial year ended 31st March, 2025, along with the Board and Auditors' reports.
• Declaration of dividend for the financial year ended 31st March, 2025.
• Re-appointment of Mr. Mukulnarayan Dwivedi (DIN: 08442155) as a Director liable to retire by rotation.
• Appointment of Secretarial Auditors of the Company.
• Appointment of Dr. Sonal V. Ambani (DIN: 02404841) as an Independent Director for a term of five consecutive years.
• Approval of Material Related Party Transaction(s) with Emtici Marketing LLP. This resolution passed with 56.07% of votes in favour from eligible shareholders, noting that 1,275 votes cast in favour by a related party were not taken into account and treated as invalid.
• Adoption of a new set of Articles of Association of the Company.
• Ratification of remuneration payable to the Cost Auditor of the Company for the financial year ending 31st March, 2026.

The company submitted the detailed voting results and the scrutinizer's report by Mr. J. J. Gandhi of M/s. J. J. Gandhi & Co., Practicing Company Secretaries, on 26th June, 2025.

• Eimco Elecon (India) Limited announced its financial performance for the fiscal year 2024-25, reporting a revenue of ₹ 246.47 Crore, an increase of approximately 8.34% compared to ₹ 227.50 Crore in the previous year (FY2023-24).
• Net profit after tax for FY2024-25 grew by 21% to ₹ 48.90 Crore, up from ₹ 40.41 Crore in FY2023-24.
• The company continues to be a leading player in underground coal mining equipment, with Side Dump Loaders (SDL) and Load Haul Dumpers (LHD) being the backbone of production.
• Significant product developments include the supply of a Feeder Breaker for the Continuous Miner (CM) Package and the successful establishment of larger Load Haul Dumpers (7 Tone and 10 Tone capacities) for the Underground Metal Mining sector.
• For the Construction segment, the company is developing new models for Piling Rigs and advancing the development of Diaphragm Wall Machines.
• On 23rd April 2025, the company entered into a Termination Agreement with Sandvik Mining and Construction OY, Tamrock Great Britain Holdings Limited, and other parties to conclude the Shareholders Agreement dated 28th February 1992 and its supplemental agreement.
• The Board of Directors recommended a dividend of 50% for the year under review.
• The company noted a positive outlook for the mining equipment industry, supported by the Government's aim to increase underground coal production share to 10% by 2030. The construction equipment industry also shows promising prospects.

• Eimco Elecon (India) Limited held its 51st Annual General Meeting (AGM) on June 25, 2025, via video conferencing.
• The meeting commenced at 10:00 a.m. (IST) and concluded at 11:18 a.m. (IST).
• Mr. Pradip M. Patel, Chairman, gave an overview of the company's operations and financial performance for FY 2024-25.
• The meeting addressed:
• Adoption of Audited Financial Statements for the year ended March 31, 2025.
• Declaration of Dividend for FY 2024-25.
• Re-appointment of Mr. Mukulnarayan Dwivedi as a Director.
• Appointment of Secretarial Auditors.
• Appointment of Dr. Sonal V. Ambani as an Independent Director for five years.
• Approval of Material Related Party Transaction(s) with Emtici Marketing LLP.
• Adoption of new Articles of Association.
• Ratification of remuneration payable to the Cost Auditor for the year ending March 31, 2026.
• Shareholders' questions were answered by the Chairman, Executive Director, and CFO.