Elgi Rubber Company Limited — Others, 01-08-2025: Shareholders meeting

Elgi Rubber's shareholders have overwhelmingly approved a special resolution via postal ballot, granting the company the authority to sell, lease, or dispose of its entire stake or assets in its material wholly-owned Netherlands subsidiary and/or its step-down subsidiary. A significant 3.28 Cr shares were cast in favour, with a negligible 1,523 shares against. Public shareholders also strongly backed the move, with 11.03 lakh votes in favour. This decision provides the company strategic flexibility to restructure its international operations and asset base.