Elgi Rubber Company Limited — Updates, 14-08-2025: Other Restructuring

Elgi Rubber's Board approved reversing Rs 2.055 Cr in interest receivable from three overseas wholly-owned subsidiaries (USA, Brazil, Netherlands). This move, approved after review by the Audit Committee, aims to ease the subsidiaries' interest burden and boost their financial health for the quarter ended June 30, 2025. The Board also approved the financial results for the quarter, reporting a standalone profit of Rs 6.04 Cr and a consolidated loss of Rs 1.51 Cr. This reflects a strategic decision to support international operations amidst mixed group performance.