EEEimco Elecon (India)523708Senior KMP change

CFO and Key Managerial Personnel Vishal C. Begwani resigns, effective close of business 30th October 2026

CFO & Key Managerial Personnel Mr. Vishal C. Begwani has resigned to pursue another professional opportunity outside the organisation.

By ScoutQuest · Tue 13 Oct 2026, 1:23 PM IST · 2 min read

Effective date of cessation

close of business hours on 30th October 2026

Stated reason for resignation

to pursue another professional opportunity outside the organisation

Additional roles ceased

KMP authorised for materiality of events and member of the Risk Committee

Resignation of the CFO and Key Managerial Personnel

• The company has noted the resignation of Mr. Vishal C. Begwani as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the company.
• The stated reason is to pursue another professional opportunity outside the organisation.
• The company has received a confirmation from him that there are no material reasons for his resignation other than those mentioned in his resignation letter.

Effective date and other changes

• He ceases to hold the CFO and KMP positions with effect from the close of business hours on 30th October 2026.
• From the same time, he also ceases to be the KMP authorised for determining materiality of events or information for the purpose of disclosures to the stock exchanges.
• He also ceases to be a member of the Risk Committee of the company with effect from the close of business hours on 30th October 2026.
• The company has placed on record its appreciation for the services rendered by him as CFO.

Results approved at the same board meeting

• The board considered and approved the unaudited financial results for the quarter and half year ended 30th September 2026, along with the limited review report of the statutory auditors and a press release on the performance.
• The auditors' review conclusion on the results is unmodified.

Highlights of the performance shared

• Revenue for the quarter was ₹57 crore, up 70.9% year on year.
• EBITDA for the quarter was ₹11 crore, with an EBITDA margin of 18.8%.
• Profit after tax for the quarter was ₹8 crore, up 46.5% year on year.
• For the half year, revenue was ₹134 crore.
• The order book as on 30th September 2026 stood at ₹133 crore.

What this means for investors

• The update records a change in key management: the CFO and KMP steps down at the close of business hours on 30th October 2026, with the reason given as an opportunity outside the organisation and his confirmation that there are no other material reasons.
• The same update carries the company's unaudited results for the September 2026 quarter and half year, showing year-on-year growth in revenue, EBITDA and profit after tax, along with an order book of ₹133 crore as on 30th September 2026.

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