Elgi Rubber Company Merger & Restructuring Worth ₹12 Cr
Elgi Rubber Company Limited sold land and buildings in Ranga Reddy, Telangana for ₹12 Crore to Vega Elite LLP.
- Value
- ₹12.00 Cr
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16 announcements
Elgi Rubber Company Limited sold land and buildings in Ranga Reddy, Telangana for ₹12 Crore to Vega Elite LLP.
Elgi Rubber Company Limited held its 20th Annual General Meeting via video conferencing on August 27, 2026, to conduct ordinary and special business.
Elgi Rubber Company Limited's board approved the voluntary winding-up of its inoperative wholly-owned subsidiary, Pincott International Pty Limited. The closure has no material impact on company financials.
Elgi Rubber Company is initiating voluntary winding up of its dormant, non-material wholly-owned subsidiary in Kenya. This closure has no material financial impact on the company.
Elgi Rubber Company approved reversing Rs.1.66 Crore of interest receivable from its overseas subsidiaries to reduce their interest burden and improve financial positions.
Elgi Rubber Company scheduled its 20th AGM for August 27, 2026. The company also requested shareholders to update their KYC details for physical holdings.
Elgi Rubber Company Limited has scheduled a board meeting for August 12, 2026. The board will consider standalone and consolidated unaudited financial results for the June quarter.
Elgi Rubber Company agreed to sell non-core land and buildings in Hyderabad for ₹12 Crore. The transaction is expected to conclude by September 30, 2026.
Elgi Rubber sold land and building in Coimbatore for ₹43.5 Crore to an unrelated buyer. The transaction, approved via special resolution, is completed on 25 June 2026.
Elgi Rubber's credit rating was downgraded by Infomerics to IVR BB-/Negative due to large impairment losses and weak profitability. The downgrade signals heightened credit risk and potential liquidity pressure.
Elgi Rubber Company agreed to sell a Coimbatore land parcel for ₹43.50 Crore. The transaction involving non-core assets is expected to conclude by June 2026.
Elgi Rubber approved a ₹1.64 Crore interest reversal on loans to its US and Brazilian subsidiaries. The move aims to reduce subsidiary debt burdens and improve financial health.
Elgi Rubber approved the five-year re-appointments of MD Sudarsan Varadaraj and WTD Harsha Varadaraj. Internal and cost auditors were also re-appointed for 12 months.
Elgi Rubber Company Ltd reported revenue from operations of ₹86.3 Cr (-11.2% YoY) and a net loss of ₹204 Cr for Q4 FY26.
Elgi Rubber Company Limited reported audited financial results for the year ended March 31, 2026. The Board also approved the re-appointment of directors and auditors.
Elgi Rubber Company Limited submitted its quarterly compliance certificate under SEBI (Depositories and Participants) Regulations for the period ended March 31, 2026. The Registrar and Share Transfer Agent, MUFG Intime India, confirmed the processing of dematerialisation requests within prescribed timelines.