Eimco Elecon (India) logo

Eimco Elecon (India) MD, chairman and AGM

NSE: EIMCOELECOBSE: 523708Industrial ManufacturingSmall Cap

Eimco Elecon (India) Limited · Face value ₹10 · Listed Apr 1993 on BSE, Apr 1996 on NSE
Last close ₹2,134.30down ₹57.70 (2.63%)BSE ₹2,135.85

Share price at the NSE close on 30 Oct 2026. Previous close ₹2,192.00.

30 Oct: open ₹2,199.00, high ₹2,228.80, low ₹2,110.20

52-week range of traded prices to 30 Oct 2026
₹1,405.50Low, 30 Mar 2026₹2,475.00High, 14 Oct 2026
Market cap
₹1,231 Cr1,524th largest listed
P/E
29.25
P/B
2.52
Dividend yield
0.19%
ROE
9.0%
ROCE
8.5%
Debt to equity
0.01
Volume, NSE
16,86863.1% delivered

Eimco Elecon (India)'s chairperson is PRADIP MANUBHAI PATEL, its managing director PRAYASVIN PATEL and its managing director KAMLESH NALIN SHAH, as filed for the quarter to Sep 2026. Its latest annual general meeting was on 25 Jun 2026.

Eimco Elecon (India) board of directors

At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonPRADIP MANUBHAI PATELRelated to the promoter
  • Managing directorPRAYASVIN PATEL
  • Managing directorKAMLESH NALIN SHAH
  • Company Secretary and Compliance OfficerRikenkumar Dalwadi

8 directors4 independent2 executive2 non-executive

  • PRADIP MANUBHAI PATEL · ChairpersonNon-executive · joined Jan 1996 · reappointed Jun 2024 · 2 listed boards · 4 committee seats
  • PRASHANT CHANDRAKANT AMINNon-executive · joined Oct 2007 · reappointed Jun 2026 · 3 listed boards · 1 as independent · 2 committee seats, 2 as chair
  • JAI SHISHIR DIWANJIIndependent · joined Apr 2024 · reappointed Apr 2024 · 30 months as independent · 4 listed boards · 4 as independent · 6 committee seats, 1 as chair
  • VENKATRAMAN SRINIVASANIndependent · joined Apr 2023 · reappointed Apr 2023 · 41 months as independent · 4 listed boards · 4 as independent · 5 committee seats, 2 as chair
  • SUNIL CHINUBHAI VAKILIndependent · joined Sep 2024 · reappointed Sep 2024 · 25 months as independent · 4 listed boards · 4 as independent · 9 committee seats, 4 as chair
  • SONAL VIMAL AMBANIIndependent · joined Apr 2025 · reappointed Apr 2025 · 17 months as independent · 3 listed boards · 3 as independent · 1 committee seat
  • PRAYASVIN PATEL · Managing directorExecutive · joined Nov 2016 · reappointed Nov 2024 · 3 listed boards · 1 as independent
  • KAMLESH NALIN SHAH · Managing directorExecutive · joined Sep 2025 · reappointed Sep 2025 · 1 listed board

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

2 directors who left
  • MUKULNARAYAN DIWEDI, left 9 Sep 2025: Tenure Completion
  • MANJULA DEVI SHROFF, left 12 Aug 2025: Tenure Completion

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 9 Jul 20268 of 8 present4 independent · 85 days in between
    • 14 Apr 20268 of 8 present4 independent

  • Audit Committee

    Chair VENKATRAMAN SRINIVASAN

    JAI SHISHIR DIWANJI, SUNIL CHINUBHAI VAKIL, PRADIP MANUBHAI PATEL

    • 9 Jul 20264 of 4 present3 independent · 85 days in between
    • 14 Apr 20264 of 4 present3 independent

  • Nomination and remuneration committee

    Chair JAI SHISHIR DIWANJI

    VENKATRAMAN SRINIVASAN, PRADIP MANUBHAI PATEL

    No meeting listed in the filing.

  • Stakeholders Relationship Committee

    Chair PRASHANT CHANDRAKANT AMIN

    PRADIP MANUBHAI PATEL, SUNIL CHINUBHAI VAKIL

    No meeting listed in the filing.

  • Risk Management Committee

    Chair JAI SHISHIR DIWANJI

    KAMLESH NALIN SHAH, PRADIP MANUBHAI PATEL, VISHAL BEGWANI, AMIT KUMAR

    No meeting listed in the filing.

  • Corporate Social Responsibility Committee

    Chair PRADIP MANUBHAI PATEL

    PRASHANT CHANDRAKANT AMIN, SONAL VIMAL AMBANI

    No meeting listed in the filing.

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • K C Mehta & Co LLPPeer-review certificate valid to Mar 2027

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Eimco Elecon (India) AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Eimco Elecon (India) dividend history

Annual general meeting, 25 Jun 2026

17,514 shareholders on the register on 18 Jun 2026; present: 7 promoters and 59 others; votes counted by J. J. Gandhi / J. J. Gandhi & Co..

  1. Consideration and Adoption of Audited Financial Statements of the Company for the financial year ended March 31, 2026, and Reports of the Board of Directors (‘the Board’) and Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 50.41% · promoters 100.00% · institutions 21.59% · other public 1.05%

  2. Declaration of Dividend for the Financial Year ended March 31, 2026
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 50.41% · promoters 100.00% · institutions 21.59% · other public 1.05%

  3. Re-appointment of Mr. Prashant Amin (DIN: 01056652) as a director liable to retire by rotation.
    Ordinary
    99.84% for0.16% against

    Against: promoters 0.00% · institutions 8.18% · other public 0.55%

    Turnout: all 50.41% · promoters 100.00% · institutions 21.59% · other public 1.05%

  4. Ratification of remuneration payable to Cost Auditor of the Company for financial year ending March 31, 2027.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.55%

    Turnout: all 50.41% · promoters 100.00% · institutions 21.59% · other public 1.05%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 27 Dec 2025, 3 resolutions

18,967 shareholders on the register on 21 Nov 2025; votes counted by J. J. Gandhi / J. J. Gandhi & Co..The company's voting result

  1. Adoption of new set of Memorandum of Association of the Company as per the Companies Act, 2013.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.95%

    Turnout: all 49.95% · promoters 99.95% · institutions 19.20% · other public 0.49%

  2. Alteration of Objects clause in Memorandum of Association of the Company.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.95%

    Turnout: all 49.95% · promoters 99.95% · institutions 19.20% · other public 0.49%

  3. Re-classification of Tamrock Great Britain Holdings Limited forming part of the “Promoter Group Category” into “Public Category”.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.95%

    Turnout: all 49.95% · promoters 99.95% · institutions 19.20% · other public 0.49%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 5 Sep 2025, 2 resolutions

12,632 shareholders on the register on 1 Aug 2025; votes counted by Jagdish Jayantilal Gandhi / J. J. Gandhi & Co..

  1. Appointment of Mr. Kamlesh Nalin Shah (DIN: 08629181) as a Director of the Company.
    Ordinary
    99.85% for0.15% against

    Against: promoters 0.00% · institutions 100.00% · other public 9.53%

    Turnout: all 49.09% · promoters 66.45% · institutions 11.78% · other public 0.35%

  2. Appointment of Mr. Kamlesh Nalin Shah (DIN: 08629181) as a Whole-time Director designated as an Executive Director of the Company.
    Special
    99.85% for0.15% against

    Against: promoters 0.00% · institutions 100.00% · other public 9.53%

    Turnout: all 49.09% · promoters 66.45% · institutions 11.78% · other public 0.35%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 25 Jun 2025, 8 resolutions

12,306 shareholders on the register on 18 Jun 2025; present: 7 promoters and 44 others; votes counted by J. J. Gandhi / J. J. Gandhi & Co..The company's voting result

  1. Consideration and Adoption of Audited Financial Statements of the Company for the financial year ended on 31st March, 2025 and Reports of the Board of Directors (“the Board”) and Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 49.12% · promoters 66.48% · institutions 11.56% · other public 0.38%

  2. Declaration of Dividend for the Financial Year ended on 31st March, 2025
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 49.12% · promoters 66.48% · institutions 11.56% · other public 0.38%

  3. Re-appointment of Mr. Mukulnarayan Dwivedi (DIN: 08442155) as a Director liable to retire by rotation.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 5.43%

    Turnout: all 49.12% · promoters 66.48% · institutions 11.56% · other public 0.38%

  4. Appointment of Secretarial Auditors of the Company.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.18%

    Turnout: all 49.12% · promoters 66.48% · institutions 11.56% · other public 0.38%

  5. Appointment of Dr. Sonal V. Ambani (DIN: 02404841) as an Independent Director of the Company for a term of five (5) consecutive years.
    Special
    99.86% for0.14% against

    Against: promoters 0.00% · institutions 100.00% · other public 7.88%

    Turnout: all 49.12% · promoters 66.48% · institutions 11.56% · other public 0.38%

  6. Approval of Material Related Party Transaction(s) with Emtici Marketing LLP.
    OrdinaryPromoters have an interest in it
    56.07% for43.93% against

    Against: promoters 0.00% · institutions 100.00% · other public 8.05%

    Turnout: all 0.16% · promoters 0.00% · institutions 11.56% · other public 0.38%

  7. Adoption of a new set of Articles of Association of the Company.
    Special
    99.87% for0.13% against

    Against: promoters 0.00% · institutions 100.00% · other public 2.63%

    Turnout: all 49.12% · promoters 66.48% · institutions 11.56% · other public 0.38%

  8. Ratification of remuneration payable to Cost Auditor of the Company for financial year ending on 31st March, 2026
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.80%

    Turnout: all 49.12% · promoters 66.48% · institutions 11.56% · other public 0.38%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 19 Nov 2024, 1 resolution
  1. Re-appointment and remuneration of Shri Prayasvin B. Patel (DIN: 00037394) as an Executive Director of the Company
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 5.10%

    Turnout: all 48.63% · promoters 65.54% · institutions 7.09% · other public 0.23%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 19 Oct 2024, 1 resolution
  1. Appointment of Shri Sunil Chinubhai Vakil (DIN 02527630) as an Independent Non- Executive Director of the Company.
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.78%

    Turnout: all 49.26% · promoters 66.08% · institutions 6.90% · other public 1.17%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 25 Jun 2024, 7 resolutions

Present: 7 promoters and 47 others.

  1. Adoption of the Audited Financial Statements (Both Standalone and Consolidated) of the Company for the Financial Year ended on 31st March, 2024 and the Reports of the Board of Directors and Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 49.15% · promoters 66.08% · institutions 7.53% · other public 0.71%

  2. Declaration of Dividend for the Financial Year ended on 31st March, 2024.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 49.15% · promoters 66.08% · institutions 7.53% · other public 0.71%

  3. Appointment of a Director in place of Shri Pradip M. Patel, (DIN: 00012138), who retires by rotation and being eligible, offers himself for re-appointment & Continuation term of appointment of Shri Pradip M. Patel, who has attained the age of 75 years as a Non-Executive Director.MoreLess
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 49.15% · promoters 66.08% · institutions 7.53% · other public 0.71%

  4. Continuation of Shri Prashant C. Amin (DIN: 01056652) as a Non-Executive Nominee Director of the Company.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 49.15% · promoters 66.08% · institutions 7.53% · other public 0.71%

  5. Payment of commission to Non-Executive Directors of the Company for the period of 5 years.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 49.15% · promoters 66.08% · institutions 7.53% · other public 0.71%

  6. Approval of Material Related Party Transaction(s) with Emtici Marketing LLP.
    OrdinaryPromoters have an interest in it
    85.24% for14.76% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.00%

    Turnout: all 0.21% · promoters 0.00% · institutions 7.53% · other public 0.71%

  7. Approval of payment of remuneration to M/s. Diwanji & Co. as Cost Auditors, for the F.Y. 2024-25.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 49.15% · promoters 66.08% · institutions 7.53% · other public 0.71%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 5 Mar 2024, 2 resolutions
  1. Appointment of Shri Jai Shishir Diwanji (DIN: 00910410) as an Independent Director.
    Special
    99.82% for0.18% against

    Against: promoters 0.00% · institutions 0.00% · other public 49.51%

    Turnout: all 49.11% · promoters 66.08% · institutions 0.00% · other public 0.67%

  2. Material Modification in approved Related Party Transaction(s) with Emtici Marketing LLP.
    OrdinaryPromoters have an interest in it
    50.48% for49.52% against

    Against: promoters 0.00% · institutions 0.00% · other public 49.52%

    Turnout: all 0.17% · promoters 0.00% · institutions 0.00% · other public 0.67%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Tax disputes

Reported in the filing for the quarter to Sep 2026.

  • Tax disputeCustoms Excise & Service Tax Apellate Tribunal, AhmedabadSince 22 May 2015
    As of the quarter ended 30th September, 2026, there has been no change in status since the last disclosure.
    At the filing before: The Company has filed an appeal against Order Commissioner dated 31-03-2015 before CESTAT, Ahmedabad regarding to the excise assessing officer disallowed the Cenvat Credit on commission on manufacturing goods.MoreLess
  • Tax disputeDy. Commissioner of Income Tax, Anand CircleSince 7 Jan 2017
    As of the quarter ended 30th September, 2026, there has been no change in status since the last disclosure.
    At the filing before: The Company has filed an appeal against Assessement Order passed u/s 143(3) dated 07.12.2016 before National Faceless Appellant Centre (NFAC), New Delhi, regarding disallowance of additional depreciation u/s 14A and R&D deduction u/s 35(2AB).MoreLess

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved
00Dec 2400Mar 2500Jun 2532Sep 2501Dec 2500Mar 2611Jun 2622Sep 26

Open at the quarter's end

0Dec 240Mar 250Jun 251Sep 250Dec 250Mar 260Jun 260Sep 26
At most 1 complaint open, quarter to Sep 2025.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
No
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.