ELANTAS Beck India Ltd Passes All Six Resolutions at 70th Annual General Meeting

ELANTAS Beck India Ltd successfully concluded its 70th Annual General Meeting (AGM) on Tuesday, 12 May 2026, held through video conferencing (VC)/Other Audio-Visual Means (OAVM) commencing at 10:30 AM and concluding at 1:24 PM. The meeting had 9,509 shareholders on the record date of 5 May 2026, with 1 promoter/promoter group representative and 58 public shareholders attending via video conferencing. All six resolutions tabled at the meeting were passed with requisite majority, as confirmed by the scrutinizer's report dated 13 May 2026.

AGM Overview and Voting Process

The remote e-voting window for the AGM opened on Saturday, 9 May 2026 at 9:00 AM (IST) and closed on Monday, 11 May 2026 at 5:00 PM (IST). An additional e-voting facility was made available during the meeting itself, kept open for 15 minutes after the conclusion of the AGM. The scrutinizer, CS Jayesh Parmar, Partner of Prajot Tungare & Associates (Firm Reg. No. P2001MH010200), was appointed at the Board Meeting held on 24 February 2026 and issued the consolidated report on 13 May 2026.

The overall voting participation across all resolutions stood at 6,923,275 votes polled out of 7,927,682 total shares, representing 87.33% of outstanding shares.

Summary of Resolutions Passed

The following table provides a consolidated view of all six resolutions and their outcomes:

Resolution: Description Type Result Resolution 1: Adoption of Audited Financial Statements for FY ended 31 Dec 2025 Ordinary Passed Resolution 2: Declaration of dividend of Rs. 7.50/- per equity share for FY ended 31 Dec 2025 Ordinary Passed Resolution 3: Re-appointment of Mr. Ravindra Kumar (DIN: 06755402) as Director retiring by rotation Ordinary Passed Resolution 4: Appointment of M S K A & Associates LLP as Statutory Auditors from 70th AGM to 75th AGM Ordinary Passed Resolution 5: Ratification of remuneration of Dhananjay V. Joshi & Associates, Cost Auditors for FY ended 31 Dec 2025 Ordinary Passed Resolution 6: Re-appointment of Mr. Nandkumar Dhekne (DIN: 02189370) as Independent Director Special Passed

Detailed Voting Results by Resolution

The voting data across all resolutions reflected strong shareholder support. The following table summarises total votes polled, votes in favour, and votes against for each resolution:

Resolution: Total Votes Polled Votes in Favour Votes Against % in Favour Resolution 1: 6,923,275 6,923,274 1 100.0000% Resolution 2: 6,923,275 6,923,264 11 99.9998% Resolution 3: 6,923,275 6,255,632 667,643 90.3565% Resolution 4: 6,923,275 6,923,274 1 100.0000% Resolution 5: 6,923,275 6,923,274 1 100.0000% Resolution 6: 6,923,275 6,923,118 157 99.9977%

Resolution 3, concerning the re-appointment of Mr. Ravindra Kumar as a Director retiring by rotation, received 90.3565% votes in favour, with public institutional investors casting 667,642 votes against out of 973,762 votes polled, representing 68.5632% of their polled votes against the resolution. Despite this, the resolution passed with overall majority. Resolution 6, the special resolution for re-appointment of Mr. Nandkumar Dhekne as Independent Director, received 99.9977% votes in favour across all categories.

Dividend Declaration and Auditor Appointment

Shareholders approved the declaration of a dividend of Rs. 7.50/- per equity share for the financial year ended 31 December 2025 under Resolution 2, which received 6,923,264 votes in favour, constituting 99.9998% of total valid votes polled. Under Resolution 4, M S K A & Associates LLP, Chartered Accountants (Firm Registration No. 105047W/W101187), were appointed as Statutory Auditors of the company for a term of five consecutive years from the conclusion of the 70th AGM until the conclusion of the 75th AGM. The ratification of remuneration for Dhananjay V. Joshi & Associates as Cost Auditors for the financial year ending 31 December 2025 was approved under Resolution 5, with 6,923,274 votes in favour.

Scrutinizer's Confirmation

CS Jayesh Parmar, in his report submitted on 13 May 2026, confirmed that all resolutions were duly passed with requisite majority. The voting results and scrutinizer's report have been uploaded on the company's website at https://www.elantas.com/beck-india.html and on the National Securities Depository Limited's website at www.evoting.nsdl.com . The filing was submitted to BSE Limited pursuant to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Section 108 of the Companies Act, 2013, read with Rule 20 of the Companies (Management and Administration) Rules, 2014.

ELANTAS Beck India Limited reported its unaudited financial results for the quarter ended March 31, 2026, with the Board of Directors approving the Statement of Unaudited Financial Results at their meeting held on May 12, 2026. The results were reviewed by the Audit Committee and a Limited Review Report was issued by statutory auditors Price Waterhouse Chartered Accountants LLP. All figures are reported in INR in Lakhs unless stated otherwise.

Quarterly Financial Performance

Revenue from operations for Q4FY26 grew to ₹22,216.93 lakhs, up from ₹20,613.21 lakhs in Q4FY25 and ₹21,519.94 lakhs in Q3FY26. Total income for the quarter stood at ₹22,512.21 lakhs. Net profit for Q4FY26 came in at ₹3,108.43 lakhs, compared to ₹3,286.90 lakhs in Q4FY25 and ₹3,936.57 lakhs in Q3FY26. The following table summarises the key financial metrics:

Metric: Q4FY26 (31-Mar-26) Unaudited Q3FY26 (31-Dec-25) Unaudited Q4FY25 (31-Mar-25) Unaudited Full Year (31-Dec-25) Audited Revenue from Operations: ₹22,216.93 lakhs ₹21,519.94 lakhs ₹20,613.21 lakhs ₹84,780.93 lakhs Other Income: ₹295.28 lakhs ₹1,382.64 lakhs ₹865.12 lakhs ₹4,813.30 lakhs Total Income: ₹22,512.21 lakhs ₹22,902.58 lakhs ₹21,478.33 lakhs ₹89,594.23 lakhs Total Expenses: ₹18,470.30 lakhs ₹17,618.36 lakhs ₹17,048.93 lakhs ₹69,740.57 lakhs Profit Before Tax: ₹4,041.91 lakhs ₹5,284.22 lakhs ₹4,429.40 lakhs ₹19,853.66 lakhs Net Profit: ₹3,108.43 lakhs ₹3,936.57 lakhs ₹3,286.90 lakhs ₹14,777.98 lakhs Total Comprehensive Income: ₹3,097.21 lakhs ₹3,910.45 lakhs ₹3,282.41 lakhs ₹14,703.22 lakhs Basic & Diluted EPS (₹): ₹39.21 ₹49.66 ₹41.46 ₹186.41

EBITDA Performance

On an operating profitability basis, ELANTAS Beck India reported EBITDA of 433M rupees for Q4FY26, compared to 404M rupees in Q4FY25, reflecting year-on-year improvement in absolute operating earnings. EBITDA margin for the quarter stood at 19.52%, marginally lower compared to 19.59% in the corresponding prior-year period.

Metric: Q4FY26 Q4FY25 Change (YoY) EBITDA: 433M rupees 404M rupees Increase EBITDA Margin: 19.52% 19.59% -0.07 bps

Expense Breakdown for Q4FY26

Total expenses for the quarter ended March 31, 2026 stood at ₹18,470.30 lakhs. The key components of expenses are detailed below:

Expense Item: Q4FY26 (31-Mar-26) Q3FY26 (31-Dec-25) Q4FY25 (31-Mar-25) Cost of Materials Consumed: ₹12,783.91 lakhs ₹12,011.21 lakhs ₹12,930.50 lakhs Purchases of Stock-in-Trade: ₹362.99 lakhs ₹538.82 lakhs ₹903.04 lakhs Changes in Inventories: ₹113.70 lakhs ₹312.90 lakhs ₹(747.96) lakhs Employee Benefits Expense: ₹1,502.69 lakhs ₹1,668.77 lakhs ₹1,207.58 lakhs Finance Costs: ₹15.72 lakhs ₹16.62 lakhs ₹7.76 lakhs Depreciation & Amortisation: ₹572.94 lakhs ₹579.69 lakhs ₹466.14 lakhs Other Expenses: ₹3,118.35 lakhs ₹2,490.35 lakhs ₹2,281.87 lakhs

Segment-Wise Performance

The company operates through two business segments: Electrical Insulations and Engineering & Electronic Resins and Materials. Segment revenue and results for Q4FY26 are presented below:

Segment: Q4FY26 Revenue Q4FY25 Revenue Q4FY26 Profit Q4FY25 Profit Electrical Insulations: ₹17,754.02 lakhs ₹16,909.26 lakhs ₹3,411.25 lakhs ₹2,791.34 lakhs Engineering & Electronic Resins and Materials: ₹4,465.16 lakhs ₹3,709.97 lakhs ₹1,262.13 lakhs ₹1,034.22 lakhs Total Income from Operations: ₹22,219.18 lakhs ₹20,619.23 lakhs — —

For the full year ended December 31, 2025 (audited), the Electrical Insulations segment contributed revenue of ₹68,344.96 lakhs and segment profit of ₹11,608.42 lakhs, while Engineering & Electronic Resins and Materials reported revenue of ₹16,463.84 lakhs and segment profit of ₹4,734.24 lakhs.

Segment Assets and Liabilities

Total segment assets as of March 31, 2026 stood at ₹1,22,706.70 lakhs, compared to ₹1,05,150.14 lakhs as of March 31, 2025. Total segment liabilities were ₹18,788.89 lakhs as of March 31, 2026, against ₹15,155.71 lakhs in the corresponding prior period.

Segment: Assets (31-Mar-26) Assets (31-Mar-25) Liabilities (31-Mar-26) Liabilities (31-Mar-25) Electrical Insulations: ₹37,090.15 lakhs ₹36,425.19 lakhs ₹12,402.32 lakhs ₹10,276.23 lakhs Engineering & Electronic Resins and Materials: ₹7,175.03 lakhs ₹6,150.18 lakhs ₹2,771.96 lakhs ₹2,003.79 lakhs Other and Unallocable: ₹78,441.52 lakhs ₹62,574.77 lakhs ₹3,614.61 lakhs ₹2,875.69 lakhs Total: ₹1,22,706.70 lakhs ₹1,05,150.14 lakhs ₹18,788.89 lakhs ₹15,155.71 lakhs

Key Notes and Regulatory Disclosures

Several noteworthy disclosures accompanied the financial results:

Ankleswar Operations: On March 6, 2019, the company was directed for closure of its operations in Ankleswar by the Gujarat Pollution Control Board (GPCB) due to a suspected ground water contamination issue. The GPCB has granted temporary revocation of the closure order until October 3, 2026. The company has represented to the GPCB for a permanent revocation and, based on remediation done, management expects a positive outcome.

New Labour Codes: Effective November 21, 2025, the Government of India consolidated multiple existing labour legislations into four Labour Codes. The incremental impact — comprising gratuity of INR 63.87 lakhs and compensated absences of INR 76.73 lakhs — was recognised as past service cost in the quarter and year ended December 31, 2025 under employee benefits expense. The company continues to monitor finalisation of Central/State Rules and clarifications from the Government.

Paid-up Equity Share Capital: ₹792.77 lakhs (face value of INR 10/- each).

Reserves (Other Equity): ₹1,00,027.81 lakhs (as of the full year ended December 31, 2025, audited).

The figures for the quarter ended December 31, 2025 are balancing figures between the audited full financial year figures and the published year-to-date figures up to the third quarter, which were subject to limited review.

We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better.

Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians.

As financial services are becoming more accessible, there is now a large set of Indians today who are financially aware and literate. They value time and seek high quality products & services. Most screening, trading, investing platforms available today are more or less similar to each other, and they have not evolved with time. While both traders & investors have gotten smart about how they make money and build wealth, as users they have continued to use the same products, features, and platforms that were available for years with little or no innovation.

We plan to change that - a technology-led and artificial intelligence enabled platform built for super traders and long term investors.

Disclaimer:

The data and information provided on this website is for general informational and research purposes only. While we strive to ensure that the content is accurate, up-to-date, and reliable, this platform utilizes artificial intelligence (AI) tools to generate, curate, and summarize information. As such, the content may occasionally contain errors, omissions, or outdated information. All users are therefore advised to cross verify the source of the data and information.

This website does not constitute professional, legal, financial, medical, or any other form of licensed advice. Users are encouraged to independently verify any information before relying on it, especially for decisions that may have legal, financial, or personal consequences.

The views, analyses, and summaries presented on this platform may be generated or assisted by AI and do not necessarily reflect the opinions of the website owners, operators, editors, or affiliates.

We make no warranties or representations, express or implied, regarding the completeness, accuracy, reliability, suitability, or availability of the information contained on this website. Any reliance you place on such information is strictly at your own risk.

This website may include links to third-party sources or content. We do not control or endorse the nature, accuracy, or availability of those external sites and are not responsible for any content or damages arising from their use.

By using this website, you acknowledge and agree that the use of AI-generated content involves inherent limitations, uncertainties and inaccuracies, and you accept full responsibility for how you interpret and use the information provided.

We reserve the right to modify, update, or remove content and this disclaimer at any time without prior notice.