Elin Electronics Ltd

Dematerialisation/rematerialisation status

• Details of dematerialised/rematerialised securities furnished to all stock exchanges.
• Registrar certification confirms furnishing to exchanges.

Elin Electronics Ltd – Closure of Trading Window

AGM Details

• AGM held on 28 September 2026 at 10:30 IST via VC/OAVM.
• Notice convening AGM dated 6 August 2026.
• Record date 21 September 2026.
• Remote e-voting from 25 September to 27 September 2026.
• Mode: Video Conferencing/OAVM.

Key Resolutions

• Resolution 1: Adoption of standalone and consolidated financial statements approved.
• Resolution 2: Re-appointment of Mangi Lall Sethia approved by rotation.
• Resolution 3: Re-appointment of Kamal Sethia approved by rotation.
• Resolution 4: Re-appointment of Shanti Lal Sarnot as Independent Director approved for second term.
• Resolution 5: Re-appointment of Ashis Chandra Guha as Independent Director approved for second term.
• Resolution 6: Ratification of remuneration of Cost Auditors approved.

Voting Results

• Resolution 1 passed by requisite majority.
• Resolution 2 passed by rotation.
• Resolution 3 passed by rotation.
• Resolution 4 passed for second term of Independent Director.
• Resolution 5 passed for second term of Independent Director.
• Resolution 6 passed; remuneration ratified.

Director Changes & Auditor Actions

• Mangi Lall Sethia re-appointed by rotation as Director.
• Kamal Sethia re-appointed by rotation as Director.
• Shanti Lal Sarnot re-appointed as Independent Director for second term.
• Ashis Chandra Guha re-appointed as Independent Director for second term.
• Cost Auditors remuneration ratified.

AGM Details

• 44th AGM held on 28 September 2026 at 10:30 IST via VC/OAVM.
• Deemed venue: Registered Office, New Delhi.

Key Resolutions

• Ordinary: Adopt standalone and consolidated financial statements for FY2025-26.
• Ordinary: Re-appointment of Mangilall Sethia by rotation.
• Ordinary: Re-appointment of Kamal Sethia by rotation.
• Special: Re-appointment of Dr. Shanti Lal Sarnot for second term 2026–2031.
• Special: Re-appointment of Ashis Chandra Guha for second term 2026–2031.
• Ordinary: Rectify remuneration of Cost Auditor.

Voting Results

• Combined results to be published on the company website within 48 hours.

Directors

• Retirements by rotation: Mangilall Sethia and Kamal Sethia; re-appointments offered.

Auditors

• Statutory auditors: S.R. Batliboi & Co., LLP.
• Internal auditors: Oswal Sunil & Co.; Secretarial: P.P. Agarwal & Co.
• Cost Auditor remuneration to be rectified.

Operational update

• Commenced commercial production at Bhiwadi plant (C-2, C-3 & C5-C6 Elcina Cluster, Salarpur, Rajasthan) on Sept 14, 2026.
• Planned capacity expansion with Rs 5 crore investment funded by internal accruals, targeted by Q2 FY26-27.

Subject and AGM details

• Annual Report FY2025-26 and Notice for 44th AGM to be held on 28 September 2026 via VC/ OAVM.
• Remote e-voting from 25-27 September 2026; voting during AGM; cut-off date 21 September 2026.

Financial snapshot FY26

• Standalone revenue ₹10,160.60m; standalone PAT ₹213.28m; Consolidated revenue ₹12,877.27m; Consolidated PAT ₹225.91m.
• Board does not recommend a dividend for FY2025-26.

Capital projects and IPO

• Rs 100 crore Bhiwadi greenfield facility to start July–Aug 2026; output ₹550-600 crore; EBITDA 7–7.5%; lines moved from Ghaziabad to Bhiwadi.
• Capex at Bhiwadi ₹260m in FY26; ₹70m planned in FY27.

Governance and Subsidiaries

• CEO Praveen Tandon resigned on 11 Feb 2026; independent directors Shanti Lal Sarnot and Ashis Chandra Guha reappointed.
• Material subsidiary Elin Appliances Private Limited (100% owned); included in consolidation.

Auditors and governance

• Statutory auditors: S.R. Batliboi & Co. LLP; unmodified opinions; internal controls adequate.
• ESOP 2024 updates; 50,000 options allotted; March 23, 2026 listing approval.

AGM and access details

• 44th AGM scheduled for 28 September 2026 at 10:30 IST via VC/OVAM.
• Soft copies of AGM Notice and FY2025-26 Annual Report circulated to registered emails.
• For non-registered addresses, access links provided for AGM Notice and Annual Report.
• Cut-off date for e-voting: 21 September 2026.
• Remote e-voting opens 25 September 2026, 09:00 IST, closes 27 September 2026, 17:00 IST.
• Result of e-voting to be announced within two working days post-AGM.
• Shareholders urged to register/update email and KYC details with Company/RTA/DP.

Financial highlights

• FY26 standalone revenue Rs 10,160.60 million; consolidated Rs 12,877.27 million.
• Full-year turnover rose 9.1% to Rs 1,288 crore.
• EBITDA Rs 546 million; EBITDA margin 4.2%.
• PAT Rs 226 million consolidated; standalone Rs 213.28 million.
• EPS: consolidated Rs 4.64; standalone Rs 4.29.

Operational momentum and segments

• Five new lighting marquee customers added; lighting anchor share ~43% by year-end.
• Fans revenue grew 79.6% to Rs 1,072 million; BLDC momentum.
• Small appliances revenue Rs 4,059 million; OFRs, OTGs ramping.
• Medical cartridges revenue Rs 395 million; capacity expansion planned 15-18% at Goa.
• LED lighting revenue declined due to partner realignment; profitability protected via pricing.

Capital allocation and liquidity

• IPO net proceeds Rs 1,646.13 million; utilized for debt repayment, capex, and general purposes.
• Proceeded to repay borrowings Rs 880 million; capex Rs 375.89 million; corporate purposes Rs 395.63 million.
• Net debt to equity 0.02x; cash Rs 41.45 million; year-end net debt Rs 118.5 million.
• FY26 working capital days improved to 59 from 65.

Capital expenditure and Bhiwadi

• Bhiwadi greenfield facility announced; Rs 100 crore funded internally.
• FY26 capex toward Bhiwadi Rs 260 million (CWIP, excluding land).
• Goa facility capacity expansion; Bhiwadi ramp-up planned post-commissioning.

Governance and leadership

• CEO Praveen Tandon resigned Feb 2026; business heads assume operations.
• Independent directors reappointed: Shanti Lal Sarnot and Ashis Chandra Guha (5-year terms).
• ESOP 2024: 50,000 options allotted; March 23, 2026 listing approvals granted.

Risk and governance outlook

• Polymer price and currency volatility pressured Q4 FY26 margins.
• Regulatory window: BIS/QCO tightening ahead of August–September 2026.
• Bhiwadi ramp-up risk; phased implementation and cost engineering emphasized.

Dividends and CSR

• Dividend policy in place; no dividend declared for FY2025-26.
• CSR: Rs 62.41 million spent; focus on education, healthcare, environment.

Audit, controls and disclosures

• Statutory auditors SR Batliboi & Co. LLP; report with unmodified opinion.
• Internal controls: IFC adequate; no material weaknesses observed.

Subsidiaries and related parties

• Elin Appliances Private Limited is a material wholly-owned subsidiary.
• Related party transactions approved by Audit Committee; arm's length; disclosures on website.