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The agreement has been executed with Nirav Gopalbhai Patel, Kashyap Gopalbhai Patel, and Jyotsanaben Gopalbhai Patel as sellers.
A total consideration of Rs 45,55,74,000 has been paid as full and final settlement. The transaction has been completed on a 100% cash basis through normal banking channels, with no further consideration remaining payable.
The sellers are not related to the Company’s promoter, promoter group, group companies, or key managerial personnel in any manner. Accordingly, the transaction does not qualify as a related party transaction and has been executed at arm’s length.
The agreement does not involve any special rights, including board representation, share subscription rights, or changes in capital structure. It also does not involve issuance of shares or any loan arrangements.
There are no nominee directors, conflicts of interest, or additional regulatory disclosures arising from the transaction, and no termination or amendment-related disclosures are applicable at this stage.
Eimco Elecon (India) is principally engaged in the business of manufacturing of equipment for mining and construction sector.
Eimco Elecon (India) reported a 57.22% year-on-year decline in standalone net profit to Rs 6.36 crore for the quarter ended 31 March 2026, compared with Rs 14.87 crore in the corresponding quarter last year. Revenue from operations rose 4.04% to Rs 66.88 crore in Q4 FY26 as against Rs 64.28 crore in Q4 FY25.
Shares of Eimco Elecon (India) rose 0.89% to Rs 1,657.40 on the BSE.
For the full year,net profit declined 20.85% to Rs 38.71 crore in the year ended March 2026 as against Rs 48.91 crore during the previous year ended March 2025. Sales declined 6.38% to Rs 230.75 crore in the year ended March 2026 as against Rs 246.47 crore during the previous year ended March 2025.
However, revenue from operations rose 4.04% to Rs 66.88 crore in Q4 FY26 as against Rs 64.28 crore in Q4 FY25.
Profit before tax (PBT) slumped 54.55% year on year (YoY) to Rs 8.94 crore in Q4 FY26.
Total expenses jumped 16.09% to Rs 56.62 crore in Q4 FY26, compared with Rs 48.77 crore in Q4 FY25. Cost of material consumed stood at Rs 22.97 crore (down 21.44% YoY) while compensation to distributors stood at Rs 7.57 crore (up 1.61% YoY) during the period under review.
The company has recommended a dividend of Rs 4 per equity share (40%) on 57,68,385 fully paid-up equity shares of Rs 10 each for FY26. The dividend is subject to shareholder approval at the upcoming Annual General Meeting (AGM) and will be paid within 30 days of its conclusion.
Hexa Tradex Ltd, Pritish Nandy Communications Ltd, Secmark Consultancy Ltd and R M Drip & Sprinklers Systems Ltd are among the other losers in the BSE's 'B' group today, 15 April 2026.
Eimco Elecon (India) Ltd lost 7.71% to Rs 1624.7 at 14:29 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 11836 shares were traded on the counter so far as against the average daily volumes of 1379 shares in the past one month.
Hexa Tradex Ltd crashed 7.69% to Rs 161.55. The stock was the second biggest loser in 'B' group.On the BSE, 189 shares were traded on the counter so far as against the average daily volumes of 235 shares in the past one month.
Pritish Nandy Communications Ltd tumbled 7.06% to Rs 22. The stock was the third biggest loser in 'B' group.On the BSE, 7167 shares were traded on the counter so far as against the average daily volumes of 2084 shares in the past one month.
Secmark Consultancy Ltd fell 6.10% to Rs 125.35. The stock was the fourth biggest loser in 'B' group.On the BSE, 1556 shares were traded on the counter so far as against the average daily volumes of 2000 shares in the past one month.
R M Drip & Sprinklers Systems Ltd plummeted 4.99% to Rs 24.55. The stock was the fifth biggest loser in 'B' group.On the BSE, 2.04 lakh shares were traded on the counter so far as against the average daily volumes of 5.02 lakh shares in the past one month.
Shares of Eimco Elecon (India) fell 0.20% to end at Rs 1,760.50 on Monday, 13 April 2026. The stock market is closed today on account of Dr. Babasaheb Ambedkar Jayanti.
Total expenses jumped 31.4% to Rs 52.90 crore in Q3 FY26, compared with Rs 40.26 crore in Q3 FY25. Cost of material consumed stood at Rs 30.18 crore (down 3.95% YoY) while compensation to distributors stood at Rs 7.19 crore (up 37.74% YoY) during the period under review.
Meanwhile, the company’s board approved the proposal for purchase of a parcel of land admeasuring approx. 35,056 square meters situated in Kanjari, District Kheda, Gujarat, on a freehold basis to support the company's future business outlook.