Elgi Rubber Company Limited — Others, 29-05-2025: Change in Auditors

Elgi Rubber Company has approved reversing Rs.2.13 Cr interest receivable from three wholly owned overseas subsidiaries and extended their loan repayment tenure, including a 3-year moratorium until 2030-2034, to ease their financial stress. The financial results for the quarter and half-year show a standalone net loss of Rs.4.26 Cr and consolidated net loss of Rs.4.36 Cr. No dividend is planned for FY25. Cost, secretarial, and internal auditors were re-appointed. Ashty David was appointed as an Additional Independent Director, pending shareholder approval. Shareholders will also vote on material related party transactions with LRG Technologies.