Elgi Rubber Company Limited — Others, 04-06-2025: Resignation

Elgi Rubber Company Limited announced the resignation of Independent Director R. Vidhya Shankar due to a potential conflict of interest from his role at Karur Vysya Bank, a major lender to the company. This move eases compliance complexities and resolves governance concerns related to his dual positions. His departure enhances clarity in the company’s banking relationships, supporting smoother operations and greater confidence for shareholders.