Elgi Rubber Company Limited — Board Meeting, 13-02-2025: Outcome of Board Meeting

The Board of Directors of Elgi Rubber Company Limited has approved the reversal of interest receivable amounting to ₹6.55 crore from its wholly-owned subsidiaries, recognizing this during the quarter ended December 31, 2024. The subsidiaries involved are Borrachas e Equipamentos Elgi Ltda (₹4.21 crore), Elgi Rubber Company Holdings B.V. (₹1.59 crore), and Elgi Rubber Company LLC (₹0.75 crore). Additionally, unaudited financial results were approved, revealing a loss of ₹3.53 crore for the quarter and net income of ₹41.30 crore for the nine months ending December 31, 2024.