Elgi Rubber Company Limited — Others, 29-05-2025: Related Party Transactions

Elgi Rubber has reversed Rs.2.13 Cr interest receivable from its overseas subsidiaries to ease their interest burden and strengthen their financials. The financial results for the quarter and half-year showed a standalone net loss of Rs.4.26 Cr and a consolidated net loss of Rs.4.36 Cr, influenced by exceptional items including asset sale gains. The Board has not proposed any dividend for FY 2024-25. Key re-appointments include the Cost Auditor and Internal Auditors, alongside plans to appoint a new Secretarial Auditor and an Additional Independent Director. Loan repayment tenure for subsidiaries was extended to 2030-34 to support their stability. The 19th AGM will be held via video conferencing.