Elecon Engineering Company Limited — Board Meeting, 23-04-2025: Outcome of Board Meeting

The Board of Directors of Elecon Engineering Company Limited has approved the execution of a Termination Agreement with Sandvik Mining entities to end a longstanding shareholders’ agreement concerning Eimco Elecon. This decision leads to Eimco Elecon ceasing to be classified as an Associate Company of Elecon Engineering. Additionally, they have withdrawn the nomination of Mr. Prashant C. Amin from Eimco Elecon’s Board with immediate effect. The Termination Agreement includes provisions on representations, warranties, indemnities, and termination matters. The meeting took place for half an hour.