Elgi Rubber Company Limited — Others, 01-07-2025: Shareholders meeting

Elgi Rubber Company Limited has announced a board meeting to approve a special resolution seeking shareholder approval via postal ballot for the proposed sale, lease, transfer, liquidation, or disposal, wholly or partly, of its material wholly owned subsidiary Elgi Rubber Company Holding B.V. and its step-down subsidiary Rubber Resources B.V., both based in the Netherlands. This strategic restructuring aims to reduce the company’s debt and improve its financial position. Shareholders will vote remotely via e-voting, with results announced shortly after the voting period concludes. The proceeds from the transaction will be used primarily for debt repayment and general corporate purposes.