Elecon Engineering Reshapes Leadership, Clears FY26 Results and Dividend

Elecon Engineering Co. Ltd. ( (IN:ELECON) ) has provided an announcement.

Elecon Engineering’s board has appointed Chintan Shah as Chief Financial Officer and key managerial personnel effective 15 April 2026, while also naming him an authorised official for determining the materiality of events for stock exchange disclosures. The board further approved audited standalone and consolidated financial results for the year ended 31 March 2026 and recommended a final dividend of Rs. 1.50 per equity share for FY 2025-26.

In a broader leadership reshuffle, the board cleared the re-appointment of Prayasvin Patel as chairman and managing director for three years from 1 July 2026 and the appointment of Aayush Shah as executive director for three years from 1 October 2026, both subject to shareholder approval. Additionally, it appointed Dr. Savan Godiawala as a non-executive independent director for a five-year term, moves that collectively reinforce Elecon’s governance structure and continuity in its top management team.

More about Elecon Engineering Co. Ltd.

Elecon Engineering Company Limited operates in the industrial engineering sector, focusing on power transmission and material handling equipment for sectors such as mining, cement, steel and power. Listed on BSE and NSE under the scrip code 505700 and ELECON, the company serves both domestic and international markets with engineered products and solutions.

Average Trading Volume: 66,226

Technical Sentiment Signal: Buy

Current Market Cap: 93.04B INR

See more data about ELECON stock on TipRanks’ Stock Analysis page.