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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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.