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

Elgi Rubber Company Limited has announced a board meeting approving key decisions to support its overseas subsidiaries by reversing Rs.2.13 Cr of interest income and extending loan repayment tenures with moratoriums up to three years, boosting their liquidity. The board reappointed auditors for FY 2025-26 and appointed Ashty David as an Independent Director. No dividend was declared. The company reported a standalone net loss of Rs.4.26 Cr versus a profit last year, mainly due to exceptional items and higher expenses, with revenue rising modestly to Rs.227.23 Cr standalone and Rs.383.92 Cr consolidated. Operating cash flow was positive standalone but negative consolidated, reflecting ongoing operational challenges and investments.