The agreement has been executed with Nirav Gopalbhai Patel, Kashyap Gopalbhai Patel, and Jyotsanaben Gopalbhai Patel as sellers.
A total consideration of Rs 45,55,74,000 has been paid as full and final settlement. The transaction has been completed on a 100% cash basis through normal banking channels, with no further consideration remaining payable.
The sellers are not related to the Company's promoter, promoter group, group companies, or key managerial personnel in any manner. Accordingly, the transaction does not qualify as a related party transaction and has been executed at arm's length.
The agreement does not involve any special rights, including board representation, share subscription rights, or changes in capital structure. It also does not involve issuance of shares or any loan arrangements.
There are no nominee directors, conflicts of interest, or additional regulatory disclosures arising from the transaction, and no termination or amendment-related disclosures are applicable at this stage.
Eimco Elecon (India) is principally engaged in the business of manufacturing of equipment for mining and construction sector.
Eimco Elecon (India) reported a 57.22% year-on-year decline in standalone net profit to Rs 6.36 crore for the quarter ended 31 March 2026, compared with Rs 14.87 crore in the corresponding quarter last year. Revenue from operations rose 4.04% to Rs 66.88 crore in Q4 FY26 as against Rs 64.28 crore in Q4 FY25.
Shares of Eimco Elecon (India) rose 0.89% to Rs 1,657.40 on the BSE.
Beware of fraudulent tips, unauthenticated news and advice on stock market.
At BOB Capital, your account security is our topmost priority. Beware of receiving fraudulent communications, unauthenticated trading tips and unsolicited calls on trading in stocks from unverified sources, received through Whatsapp, Telegram, SMS, Calls, etc and take an informed decision before investing.
What should you do if you receive a trading tip over phone or SMS?
Report unsolicited messages to the Stock Exchange on +91 8291833676 or on designated email id i.e. feedbk_invg@nse.co.in. Please visit here to understand better.
Please visit CVC website at pledge.cvc.nic.in and take "Integrity Pledge" to be an active part of the "Satark Bharat, Samriddh Bharat" (Vigilant India, Prosperous India).
Filing complaints on SCORES - Easy & quick: a. Register on SCORES portal scores.sebi.gov.in/ b. Mandatory details for filing complaints on SCORES are i. Name, PAN, Address, Mobile Number, E-mail ID. c. Benefits: i. Effective communication ii. Speedy redressal of the grievances.
Valued Customer,
BOB Capital Markets Limited (BOBCaps) is firmly committed to the safety of your wealth. We would like to bring to your notice certain precautions that you certainly must take against potential tele-fraudsters/ unscrupulous and unregistered portfolio managers:
ALWAYS AVOID
We would like to caution you against such fraudulent calls and SMSes and urge you to be alert. Follow the golden rule:
Do not share your Login Credentials or Passwords with anybody
BOBCaps employees / representatives never ask for your password.
Certain tele-fraudsters / unscrupulous and unregistered portfolio managers call customers or SMS them on the pretext of providing investment tips and lure them to invest through their bogus firms by promising huge profits.
Such deceitful callers ask the customer to share his/her login credentials with passwords to allow trading in their accounts, assuring huge returns.
Often trades done in the customer’s accounts are far from the best interest of the customers. Holdings of customers are often sold and with the funds, trades are then placed in illiquid securities at unrealistic prices.
At times, the holdings of customers are sold at prices detrimental to the customer. The so-called “portfolio manager” assures profits, which naturally does not materialize. Customers are deceived into providing access to their trading accounts, thereby allowing such fraudsters access to funds and securities available to execute trades, injurious to the customer’s interest.
In our continuous effort to keep you safeguard from the market related frauds and increase awareness while conducting trades, we request you to go through the Press Release issued by the NSE and would request you to ensure that you do not engage with the individuals and entities mentioned below: