Elgi Equipments Ltd. — Earnings Release 2022

May 13, 2022

May 13, 2022

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National Stock Exchange of lndia Ltd. Exchange Plaza, C-1, Block G Bandra Kurla Complex Bandra (E) Mumbai - 400 051

BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai - 400 001

Scrip Code : ELGIEQUIP

Scrip Code : 522074

Through : Digital Platform/NEAPS

Through : BSE Listing Centre

Dear Sir/Madam,

Subject: Financial results for the quarter and year ended March 31, 2022 and recommendation of dividend

The Board of Directors of the Company, at its meeting held today, have inter-alia taken on record and approved/recommended the following:

• 1) Approved the Audited Standalone Financial Results and Consolidated Financial Results of the Company and its Subsidiaries for the quarter and financial year ended March 31, 2022. Pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing the statement showing the Audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2022, along with the Statutory Auditors’ Report.

A copy of the communication being released to the Press in this regard is also attached.

We hereby declare that the Statutory Auditors of the Company, Price Waterhouse Chartered Accountants LLP, have in their reports, issued an unmodified opinion on the Audited Standalone and Consolidated Financial Results for the financial year ended March 31, 2022.

• 2) Recommended for the approval of the shareholders, a final dividend of Rs.1.15/- per equity share of Re.1/- each for the financial year ended March 31, 2022. The said dividend, if declared and approved by the shareholders at the forthcoming Annual General Meeting (“AGM”), shall be paid on or before September 11, 2022 to the shareholders whose name stands on the Register of Members and as beneficial owners with the depositories as on Friday, August 5, 2022.

• 3) Recommended the re-appointment of Price Waterhouse Chartered Accountants LLP (Firm Registration No.012754N/N500016), Chennai, as the statutory auditors of the Company, for a second term of consecutive 5 (five) years to hold office from the conclusion of this sixty second AGM to be held in the year 2022 until the conclusion of the sixty seventh AGM of the Company to be held in the year 2027, subject to the approval of the shareholders of the Company.

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• 4) The sixty second AGM of the shareholders of the Company is scheduled to be held on Friday, August 12, 2022 and the Register of Members will be closed from Saturday, August 6, 2022 to Friday, August 12, 2022 (both days inclusive) for the purpose of determining the Members who are eligible to receive the final dividend, if any, declared by the shareholders at the AGM.

The meeting commenced at 3.15 PM and concluded at 5.45 P.M.

This is for your information and records.

Yours faithfully,

For Elgi Equipments Limited

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S Prakash Company Secretary

Encl.: a/a

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