Elgi Rubber Company Limited — Board Meeting, 29-05-2025: Outcome of Board Meeting

Elgi Rubber Company has announced a board meeting on key updates. The board approved the financial results for the quarter and half-year, with consolidated revenue at ₹389.95 Cr and a consolidated net loss of ₹4.36 Cr for FY25, hit by exceptional charges and higher expenses. No dividend declared. Interest receivables of ₹2.13 Cr were reversed from overseas subsidiaries to bolster their finances. Loan tenures for US, Netherlands, and Brazil subsidiaries were extended to ease repayment. Ashty David joins as an additional independent director, while key auditors were re-appointed. The 19th AGM will address further appointments and related-party matters.