Elgi Rubber Company Limited — Credit Ratings, 12-06-2026: Credit Rating- Revision

Infomerics downgraded ELGI Rubber's long-term bank facilities & fixed deposits to IVR BB-/Negative (from BB+/Stable) and short-term facilities to IVR A4 (from A4+). This reflects a sharp financial deterioration in FY26, driven by ~Rs. 170 Cr impairment losses from a subsidiary's liquidation, weak profitability, and elevated debt. The outlook is Negative.