Shareholders meeting

July 20, 2026 Na(cid:415)onal Stock Exchange of India Limited (NSE) BSE Limited (BSE) Exchange Plaza, Phiroze Jeejeebhoy Towers, C-1, Block G, Bandra Kurla Complex, Dalal Street, Fort, Bandra (E), Mumbai - 400 051 Mumbai - 400 001 NSE Symbol: ELGIEQUIP BSE Scrip Code: 522074 Dear Sir/Madam, Subject: Annual Report for the financial year ended on March 31, 2026 along with the No(cid:415)ce of Sixty Sixth Annual General Mee(cid:415)ng (“66th AGM”) of the Company Pursuant to the Regula(cid:415)on 34 of the Securi(cid:415)es Exchange Board of India (Lis(cid:415)ng Obliga(cid:415)ons and Disclosure Requirements) Regula(cid:415)ons, 2015, please find enclosed the electronic copy of the Annual Report for the financial year ended March 31, 2026, along with the No(cid:415)ce of 66th AGM of the Company. The same is also available on the Company’s website at h(cid:425)ps://www.elgi.com/in/investors/agm/. The following are the key events / informa(cid:415)on in connec(cid:415)on with the AGM and e-vo(cid:415)ng: Par(cid:415)culars Details Date and (cid:415)me of 66th AGM Friday, August 14, 2026 | 10:00 am (IST) Mode of AGM Video conference and other audio-visual means Cut-off date for e-vo(cid:415)ng Friday, August 07, 2026 E-vo(cid:415)ng start date and (cid:415)me Tuesday, August 11, 2026 | 9:00 am (IST) E-vo(cid:415)ng end date and (cid:415)me Thursday, August 13, 2026 | 5:00 pm (IST) The above in(cid:415)ma(cid:415)on is also available on the website of the Company at www.elgi.com The above is for your informa(cid:415)on and record. Thanking you, Yours faithfully FOR ELGI EQUIPMENTS LIMITED ROHIT GUPTE COMPANY SECRETARY AND COMPLIANCE OFFICER MEMBERSHIP NO.: A12422 Encl: As above BUILDING CAPABILITY. CREATING LONG-TERM VALUE. Strategic investments, innovation, operational excellence, and disciplined execution continue to strengthen ELGi's foundation for sustained global growth and long-term value creation. ANNUAL REPORT 2025-2026 ELGI EQUIPMENTS LIMITED CIN: L29120TZ1960PLC000351 Sixty Sixth Annual General Meeting Board of Directors Secretarial Auditors Non-Executive Directors MDS & Associates LLP, Mr. Srinivasan Krishnamurthi Company Secretaries Mr. Srinivasan Ravindran Mr. Suman Kumar Das Cost Auditors Mr. Sudarsan Varadaraj STR & Associates, Cost Accountants Ms. Padmaja Alaganandan (appointed with effect from May 27, 2026) Bankers Mr. Varun Jay Varadaraj Central Bank of India (appointed with effect from May 27, 2026) State Bank of India Ms. Aruna Thangaraj The Hong kong and Shanghai Banking Corporation Limited (resigned with effect from April 14, 2026) HDFC Bank Limited Citi Bank NA Managing Director ICICI Bank Limited Mr. Jairam Varadaraj The IDBI Bank Limited IndusInd Bank Limited Executive Director Mr. Anvar Jay Varadaraj Registered Office ELGI Industrial Complex III, Trichy Road, Singanallur, Chief Financial Officer Coimbatore – 641 005 Mr. Indranil Sen Phone: 91-422-2589555 Fax: 91-422-2573697 Company Secretary Website: www.elgi.com Mr. Rohit Gupte E-mail: investor@elgi.com (appointed with effect from August 12, 2025) Mrs. Devika Sathyanarayana Registrar & Share Transfer Agents (resigned with effect from June 09, 2025) MUFG Intime India Private Limited (Formerly Link Intime India Private Limited) Statutory Auditors Coimbatore Branch Price Waterhouse Chartered “Surya”, 35 Mayflower Avenue Accountants LLP, 2nd Floor, Behind Senthil Nagar Chartered Accountants Sowripalayam Road Coimbatore - 641 028 Tel: 0422- 2314792/5792 E-mail: coimbatore@in.mpms.mufg.com Date of AGM: August 14, 2026 | Day: Friday | Time: 10.00 A.M. (IST) ANNUAL REPORT 2025–26 1 TABLE OF CONTENTS 01 02 Notice of the 66th Year at a Glance 5 Annual General Meeting 7 03 04 Management Discussion and Analysis 27 Board’s Report 37 05 06 Independent Auditors’ Corporate Report - Standalone Governance Report 65 Financial Statements 89 07 08 Independent Auditors’ Standalone Financial Report – Consolidated Statements 103 Financial Statements 189 Consolidated Financial Statements 201 FORWARD-LOOKING STATEMENT In this Annual Report, we have disclosed forward-looking information to enable investors to fully appreciate our prospects and take informed investment decisions. This report and other statements – written and oral – that we periodically make, contain forward-looking statements that set our anticipated results based on management plans and assumptions. We have tried, where possible, to identify such statements by using such words as ‘anticipate’, ‘expect’, ‘project’, ‘intend’, ‘plan’, ‘believe’ and words of similar substance in connection with any discussion of future performance. We cannot, of course, guarantee that this forward-looking statement will be realized, although we believe we have been prudent in our assumptions. Achievement of results is subject to risks, uncertainties, or potentially inaccurate assumptions. Should known or unknown risks or uncertainties materialize, or should underlying assumptions prove inaccurate, actual results could vary materially from those anticipated, estimated or projected. Readers should bear this in mind. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events, or otherwise. Year at a Glance ELGI EQUIPMENTS LIMITED YEAR AT A GLANCE Consolidated Financial Statements (` in million, except per equity share data) Particulars 2025-26 2024-25 Income Revenue from operations 39,507 35,104 39,507 Other income 1,178 577 Revenue Total income 40,685 35,681 Expenditure 4,302 Cost of materials consumed 14,380 12,951 Purchases of stock-in-trade 5,389 4,127 Net profit (Increase)/decrease in inventories (430) 96 Staff cost 7,755 6,828 Finance cost 254 305 Depreciation and amortisation expenses 858 760 Other expenditure 6,622 5,853 Total expenditure 34,828 30,920 Profit/(Loss) Profit before tax 5,857 4,761 Exceptional items (150) – Tax expenses (1,472) (1,314) Share of profit from joint ventures (net) 67 55 Net Profit 4,302 3,502 Others Paid up Equity share capital 317 317 Reserves and surplus 22,002 18,339 Capital expenditure 1,544 948 Cash flow from operations 4,535 3,909 Basic Earnings per share (in `) 13.65 11.09 Dividend per share (in `) * 2.70 2.20 Number of shareholders 89,695 68,533 Number of employees 2,257 2,138 * proposed dividend 6 ANNUAL REPORT 2025–26 Notice of the 66th Annual General Meeting ELGI EQUIPMENTS LIMITED NOTICE OF THE 66TH ANNUAL GENERAL MEETING NOTICE is hereby given that the Sixty Sixth Annual General Meeting (“AGM”) of the Shareholders of ELGi Equipments Limited (“the Company”) will be held on Friday, August 14, 2026 at 10:00 A.M. (IST) through Video Conferencing/ Other Audio-Visual Means (“VC/ OAVM”) facility, to transact the following businesses: Ordinary Business exclusive of applicable taxes and reimbursement of out-of-pocket expenses incurred in connection with 1. To receive, consider and adopt the Standalone and the aforesaid audit fixed by the Board of Directors Consolidated Audited Annual Financial Statements be and is hereby ratified and confirmed. including Statement of Profit and Loss (including Other Comprehensive Income), along with the RESOLVED FURTHER THAT the Directors of the Statement of Cash Flows and the Statement of Company be and are hereby authorised to do all such Changes in Equity for the financial year ended acts, and take all such steps as may be necessary, March 31, 2026, the Balance Sheet as at that date, proper or expedient to give effect to this resolution.” the Report of the Board of Directors and the 5. To consider and approve re-appointment of Auditors Report thereon. Mr. Anvar Jay Varadaraj as the Executive Director of 2. To declare a final dividend at 270% equivalent to the Company ` 2.70/- per equity share having face value of ` 1/- To consider and if thought fit, to pass the following each for the financial year ended March 31, 2026. resolution as an Ordinary Resolution: 3. To appoint a Director in place of Mr. Anvar Ja [Showing first 8,000 characters — download PDF for full document]