Trading Window to Purchase/ sale /or deal in the Securities of ELECON ENGINEERING COMPANY LIMITED to remain closed from Saturday, 15 th July, 2006 to Thursday, 27 th July, 2006

In compliance to SEBI (Prohibition of Inside Trading) Regulations, this is to inform you that Trading Window to Purchase/ sale /or deal in the Securities of ELECON ENGINEERING COMPANY LIMITED, ANAND –SOJITRA ROAD, VALLABH VIDYANAGAR will be closed from Saturday, 15 th July, 2006 to Thursday, 27 th July, 2006.

You are requested not to sell/ purchase or deal in the Equity Shares of the Company during Trading window closed period.

For Elecon Engineering Company Limited

Nayan Adhyaru
Company Secretary

Elecon has recorded a turnover of Rs. 187.38 Cr and Net Profit of Rs. 10.96 Cr for the quarter ended March 31, 2006 as against the turnover of Rs. 102.79 Cr and Net Profit of Rs. 6.04 Cr during the corresponding period of the previous year.

The Turnover and Net Profit have gone up impressively by 82% and 81% respectively for the quarter ended March 31, 2006 over corresponding period of previous year.

For the year ending, the Company has achieved Turnover of Rs. 442.48 Cr and Net Profit of Rs 27.88 Cr as against the Turnover of Rs 277.72 Cr and Net Profit of Rs. 10.04 Cr during the corresponding period of previous year, representing remarkable growth in Turnover of 59% and in Net Profit of 178%.

The Board of Directors at its meeting held on June 28, 2006 recommended dividend of Rs. 5 per Equity share. (50%)

The Board of Directors has also approved subdivision of Equity share of Rs. 10/- each into Equity share of Rs. 2 each subject to approval of members in the next Annual General Meeting as well as holders of Foreign Currency Convertible Bond.

While the Gear division of the Company is maintaining a steady growth, the MHE division has grown near to thrice in size.

The Company is having an unexecuted order book of about Rs. 626 Cr. as on end of May’ 06.

The Company has on hand major orders from BHEL A/c DVC Mejia, Tecpro System (P) Ltd. A/c Reliance Energy and Torrent Power, Ahmedabd aggregating to Rs. 143.98 Cr. apart from other orders received.

The Company has signed the documents for issue of Foreign Currency Convertible Bonds (FCCB) of US$ 18 mn. comprising of two tranches of US$ 9 mn. each. Out of which, the Company has issued 9,000 0.5% FCCB of US$ 1,000 each aggregating to US$ 9 mn. @ 1% Premium on 20th December 2005. These bonds are convertible into equity shares of Rs. 10/- each fully paid, at the conversion price of Rs. 750/- per share, subject to the terms of issue, with a fixed rate of exchange of Rs. 45.28 equal to US$ 1.00. Pursuant to the notices of conversion received till now, bonds equivalent to US$ 8 mn. have been converted into 4,82,984 no. of equity share of Rs. 10/- each fully paid. This has resulted into share premium of Rs. 35.74 Cr.

Current Market Capitalisation of the Company is around Rs. 617 Cr.

Date: 28-06-2006

Trading Window to Purchase/ sales /or deal in the Securities of ELECON ENGINEERING COMPANY LIMITED, ANAND –SOJITRA ROAD, VALLABH VIDYANAGAR.

In compliance to SEBI (Prohibition of Inside Trading ) Regulations , this is to inform you that  Trading Window to Purchase/ sales /or deal in the Securities of ELECON ENGINEERING COMPANY LIMITED, ANAND –SOJITRA ROAD, VALLABH VIDYANAGAR will be closed from Monday, the 19th June, 2006 to Friday, the 30th June, 2006 .

You are requested not to sell/ purchase or deal in the Equity Shares of the Company during Trading window closed period.

For Elecon Engineering Co. Ltd.

N M.ADHYARU
COMPANY SECRETARY

Date: 19-06-2006

The Committee of Directors allots 120,746 Equity Shares for Conversion to Bank of New York

We are pleased to inform you that the Committee of Directors of the Company, at its meeting held on 27th April, 2006 has allotted 120,746 Equity Shares of Rs. 10/- each pursuant to 3rd Conversion Notice dated 24th April, 2006 received from the Bank of New York, London in respect of conversion for 2,000 Foreign Currency Convertible Bonds of US $ 1,000 each, aggregating to US $ 2 mn. After this allotment, the total paid up share capital of the Company shall be Rs. 5,88,89,020 divided into 58,88,902 Equity Shares of Rs. 10 each fully paid up.

The outstanding amount of Foreign Currency Convertible Bonds is now, US $ 5 mn divided into 5,000 Foreign Currency Convertible Bonds of US $ 1,000 each.

Elecon has recorded an all time high in Turnover (Provisional - Unaudited) of about Rs. 445 Crores in Financial Year 2005-2006 as against the turnover of Rs. 278 Crores in the previous year 2004-2005.

We are pleased to report that Elecon Engineering Company Limited, one of India’s largest manufacturers of Material Handling Equipment and Transmission Products has achieved a phenomenal growth in turnover of about 60% over the previous year. The Company has recorded an all time high in Turnover (Provisional - Unaudited) of about Rs. 445 Crores in Financial Year 2005-2006 as against the turnover of Rs. 278 Crores in the previous year 2004-2005.

The Material Handling Equipment (MHE) Division of the Company has achieved an all time high Turnover (Provisional - Unaudited) of about Rs. 209 Crores in Financial Year 2005-06 as compared to Rs. 76 Crores in the previous year, which shows an impressive growth of about 175% over the previous year.

The Gear Division of the Company has also achieved a record Turnover (Provisional - Unaudited) of about Rs. 236 Crores in Financial Year 2005-06 as compared to Rs. 202 Crores in the previous year, which shows growth of about 17% over previous year.

The Company has a current pending order book position of about Rs. 600 Crores.

Date: 12.04.2006

The Committee of Directors allots 60,373 Equity Shares for conversion to Bank of New York

This is to inform you that the Committee of Directors of the Company at its meeting held on April 6, 2006 has allotted 60,373 Equity Shares of Rs. 10 each fully paid up pursuant to 2nd conversion notice dated 3rd April, 2006 received from the Bank of New York, London in respect of conversion for 1,000 Foreign Currency Convertible Bonds of US $1,000 each aggregating to US $1 mn.

The outstanding amount of Foreign Currency Convertible Bonds is now, US $7 mn divided into 7,000 Foreign Currency Convertible Bonds of US $1,000 each.

Date: 06.04.2006

The Board of Directors of the Company have appointed Shri Prayasvin B. Patel, Managing Director of the Company, as Chairman of the Board of Directors at its meeting held on 28th March, 2006. Shri Prayasvin B. Patel has taken over the charge as Chairman and Managing Director of the Company with immediate effect.

Date: 28.03.2006

The board of directors at its meeting held on 28/3/2006, have allotted 60373 equity shares of Rs. 10.00 each to Credit Suisse (Singapore) Ltd. consequent upon conversion of 1000 foreign currency convertible bonds of US $1000 each, aggregating to US $1 million, out of its 9000 foreign currency convertible bonds of US $1000 each.

Date: 28.03.2006

Elecon has finalised Foreign Currency Convertible Bonds (FCCB) issue of US $18 million comprising of two trenches of US $9 million each mainly for the purpose of modernisation & expansion program for its MHE & Gear Division to enhance its production capacity by installing state of the art technology driven machines.

Pursuance to the same, Elecon has issued foreign currency convertible bonds for US $9 million at a premium of 1% and received proceeds thereof in terms of documents executed by the Company.

Date: 21.12.2005