Elgi Rubber Company Limited — Updates, 29-05-2025: Other Restructuring

Elgi Rubber Company has approved reversing Rs.21.28 million interest receivable from its three overseas subsidiaries to ease their interest burden and strengthen their finances. The company posted a loss before tax of Rs.4.9 Cr and consolidated loss before tax of Rs.4.5 Cr for the year, impacted by exceptional items, with no dividend declared. Key appointments include re-appointment of cost and internal auditors, and a proposed secretarial auditor. An additional independent director has been appointed, pending shareholder nod. Loan repayment for overseas subsidiaries has been extended to 2030-34 to aid their financial stability. Material related party transactions with LRG Technologies have been proposed for approval. Elgi remains focused on its core rubber solutions, with audited results clean.