Elgi Rubber Company Limited — Others, 29-05-2025: Appointment

Elgi Rubber Company Limited has announced a board meeting outcome focused on supporting its overseas subsidiaries and governance. It approved reversing Rs. 2.13 Cr of interest receivable from subsidiaries in the USA, Brazil, and the Netherlands to ease their financial burden and extended loan repayment tenures for these units up to 2030-34, including a moratorium period. The financial results for the quarter and half-year showed a loss due to exceptional items and lower profitability. No dividend is proposed for FY 2024-25. The Board re-appointed key auditors and nominated a Secretarial Auditor for five years. An Additional Independent Director was appointed, subject to shareholder approval. The 19th AGM will be held via video conferencing, with material related party transactions proposed for approval.