Elgi Rubber Company Limited
Incorporated in 1981, ELGI Rubber Ltd is in the business of manufacture of Reclaimed rubber, Retreading machinery, and Retread rubber
What Elgi files
- Others61
- Important19
- Board Meeting11
- Updates11
- Credit Ratings3
- Results1
Elgi Rubber has scheduled its 20th Annual General Meeting for August 27. The Annual Report for FY 2025-26 is now accessible online. Shareholders are advised to update KYC details for smooth payment processing and regulatory compliance.
Company posted substantial losses for Q4 & FY26, primarily due to the liquidation of its Netherlands step-down subsidiary. This resulted in significant impairment charges and a Rs 1.64 Cr reversal of interest income from other overseas units, impacting overall financial results.
Elgi Rubber reported a Q4 consolidated net loss of ₹204.05 Cr and FY loss of ₹240.24 Cr, primarily due to a ₹132.54 Cr impairment from a subsidiary liquidation. The board also reversed ₹1.64 Cr interest receivable from overseas units. Key leadership reappointed.
Company's board approved selling 7.24 acres of non-core land to reduce debt. Also, reversed Rs 2.22 Cr interest from overseas subsidiaries. Financial results for the quarter and nine-months show significant losses, partly due to a step-down subsidiary's bankruptcy.
Elgi Rubber's Board approved, following Audit Committee review, reversing Rs 2.16 Cr interest from overseas subsidiaries to aid their financials. Also approved: financial results for the quarter and half-year showing standalone half-year profit but consolidated losses.