Elgi Equipments Ltd. — Interim / Quarterly Report 2021

May 22, 2021

21-05-2021

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To

BSE Limited National Stock Exchange of India Limited Listing Department Listing Department Phiroze Jeejeebhoy Towers “Exchange Plaza” Dalal Street Bandra Kurla Complex, Bandra (E) Mumbai – 400001 Mumbai – 400051 Scrip Code: 522074 Scrip Code: ELGIEQUIP Dear Sir / Madam,

Sub: Intimation of the outcome of the Board Meeting held on 21[st] May, 2021 – Disclosure under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulation, 2015.

We refer to our Letter dated 13/05/2021, intimating you of the convening of the meeting of the Board of Directors of our Company. In this regard, we wish to inform that the Board of Directors of our Company met today and approved the following:

2. Audited Financial Results for the quarter and year ended 31/03/2021:

The Audited Financial Results for the year ended 31/03/2021 in the format prescribed under Regulation 33 of the SEBI (Listing Obligations & Disclosure Requirements) Regulation, 2015 and pursuant to SEBI Circular No. CIR/CFD/FAC/62/2016 dated 5[th] July, 2016. In this connection, we enclose the following:

• a) Standalone Financial Results for the quarter and year ended 31/03/2021

• b) Consolidated Financial Results for the quarter and year ended 31/03/2021

• c) Audit Reports of M/ s. Price Waterhouse Chartered Accountants LLP, Chartered Accountants, Statutory Auditors on the Standalone and Consolidated Financial Results for the year ended 31/03/2021.

• d) Statement of Assets and Liabilities as at 31/03/2021 - Standalone & Consolidated.

• e) Statement of Cash Flows as at 31/03/2021 – Standalone & Consolidated.

• f) Segment Report

• g) Press Release being made in this connection.

Pursuant to Regulation 47 of the SEBI (Listing Obligations & Disclosure Requirements) Regulation, 2015 and above-mentioned SEBI Circular, we would be publishing an extract of the consolidated financial results in the prescribed format in English and Tamil newspapers within the stipulated time. The detailed standalone financial results and consolidated financial results of the Company would be available on the website of the Company www.elgi.com as well on the website of Stock Exchanges.

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As required under SEBI Circular No. CIR/CFD/CMD/56/2016 dated 27[th] May, 2016, we state that the Statutory Auditors of the Company, M/s. Price Waterhouse Chartered Accountants LLP, Chartered Accountants, have in their report issued an unmodified opinion on the Standalone and Consolidated Financial Results of the Company for the Financial Year ended 31[st] March, 2021. The declaration regarding the same is also enclosed herewith.

3. Dividend

The Board of Directors have recommended a dividend of Rs. 0.80/- (Rupee Eighty Paise only) per equity share having a face value of Re. 1/- for the financial year ended 31[st] March, 2021. Upon approval of the shareholders at the 61[st] Annual General Meeting, the dividend amount after deducting applicable TDS, will be paid to the shareholders with the prescribed time.

4. Annual General Meeting

The 61[st] Annual General Meeting (AGM) of the Shareholders of the Company is scheduled to be held on Friday, 2[nd] August, 2021 through video conferencing / other audio visual means. The details on the manner of attending the AGM and casting votes by shareholders will be set out in the Notice of the AGM.

5. Book Closure & Record Date:

The Register of Members and Share Transfer Books of the Company will be closed from 27/07/2021 to 02/08/2021 (both days inclusive) for the purpose of the Annual General Meeting and for payment of dividend for the financial year 2020-21, if approved by the shareholders at the 61[st] Annual General Meeting.

The record date for determining the members eligible to receive the aforesaid dividend will be 26[th] July 2021.

The dividend will be paid to those shareholders whose name appears on the Register of Members maintained by the Company/ List of Beneficial Owners as received from the depositories as on 26[th] July 2021 (record date).

6. Appointment of Mr.Anvar Jay Varadaraj as an Executive Director of the Company

Based on the recommendation of the Nomination and Remuneration Committee and the approval of the Audit Committee, and subject to the approval of the shareholders at the ensuing Annual General Meeting, the Board of Directors have approved the appointment of Mr.Anvar Jay Varadaraj as an Executive Director of the Company for a period of 5 years with effect from 2[nd] August, 2021, subject to approval of shareholders at the AGM. The brief profile of Mr.Anvar Jay Varadaraj is enclosed herewith.

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Mr.Anvar Jay Varadaraj is the son of Mr.Jairam Varadaraj, Managing Director of the Company.

We further affirm that Mr.Anvar Jay Varadaraj is not debarred from holding the office of Director by virtue of any SEBI order or any other statutory authority under any laws.

Kindly take the above information on record.

Thanking You,

Yours Faithfully

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