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Incorporated in 1969, Elin Electronics Limited is a leading electronics manufacturing services ("EMS") provider. The company is a manufacturer of end-to-end product solutions for major brands of lighting, fans, and small/ kitchen appliances in India, and is one of the largest fractional horsepower motors manufacturers in India.
Elin Electronics posted ₹1,287.7 Cr revenue. The new Bhiwadi plant and growing fan/medical cartridge sales set to boost margins. Despite Q4 commodity pressures, the company targets 15% growth with ₹70 Cr capex next year, improving its debt-equity profile.
Elin Electronics launched a "Saksham Niveshak" campaign for shareholders to claim unpaid dividends and update KYC (PAN, bank, contact). This helps investors secure their past dividends before they transfer to a government fund.
Elin Electronics has expanded its lighting business by adding two new customers following the end of its exclusivity with Signify India. This broadens its market presence and signals growth potential in the lighting segment. No financial impact was disclosed.