Elgi Equipments Ltd. — Earnings Release 2023

May 19, 2023

May 19, 2023

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

Through: NEAPS

BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai - 400 001 Through: BSE Listing Centre

Dear Sir/Madam,

Subject: Financial results for the quarter and year ended March 31, 2023 and recommendation of Dividend NSE Scrip Code: ELGIEQUIP / BSE Scrip Code: 522074

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, 2023. 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, 2023, 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, 2023.

• 2) Recommended for the approval of the shareholders, a final dividend of Rs.2/- per equity share of Re.1/- each for the financial year ended March 31, 2023. The said dividend, if declared and approved by the shareholders at the forthcoming Annual General Meeting (“AGM”), shall be paid on or before September 3, 2023, to the shareholders whose name stands on the Register of Members and as beneficial owners with the depositories as on Friday, July 28, 2023.

The meeting commenced at 2.45 p.m. and the agenda item relating to financial results and dividend had been approved by the Board at 4.15 p.m. The Board continued with discussion of other agenda items.

The above information will be made available on the Company’s website www.elgi.com.

This is for your information and records.

Thanking you,

Yours Faithfully,

For Elgi Equipments Limited

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S Prakash Company Secretary Encl .: a/a

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