Greaves Cotton Limited — Others, 04-07-2025: Shareholders meeting

Greaves Cotton Limited reported standalone revenue of ₹1,988 Cr and profit after tax of ₹186 Cr, down from ₹284 Cr last year due to absence of prior exceptional gains. The Board has announced a dividend of ₹2 per share (100%). The company continues its transition from diesel engine manufacturing to a diversified mobility solutions provider, operating through five core units: Engineering, Retail, Electric Mobility, Finance, and Technologies. Subsidiary Greaves Electric Mobility Limited filed a Draft Red Herring Prospectus for an IPO with planned fresh equity issuance and offer for sale. The company acquired an additional 10% stake in Excel Controlinkage Private Limited, increasing its holding to 70%. Employee strength stood at 1,079 with ongoing focus on upskilling and diversity. Greaves maintains robust corporate governance, sustainability initiatives including solar energy installations, zero lost-time injury record, and continued investments in R&D with 1.9% of revenue spent. No material regulatory or legal issues reported. The Board recommends reappointment of Mr. Karan Thapar as Director liable to retire by rotation and proposes appointment of Price Waterhouse LLP as statutory auditor and Purwar & Purwar Associates LLP as secretarial auditor for five-year terms.