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

Elgi Rubber Company Limited has approved reversing Rs.21.28 million interest receivable from its overseas subsidiaries to ease their financial burden, alongside extending loan repayment tenures with a 3-year moratorium up to 2030 and 2034 for subsidiaries in the USA, Netherlands, and Brazil. The board re-appointed auditors and added a new independent director. No dividend has been proposed for 2024-25. Standalone results show a net loss of Rs.425.70 lakh, down from a profit last year, while consolidated results also report a loss due to higher expenses and depreciation. The company continues investing in assets and managing working capital to support subsidiaries and group stability.