Elgi Rubber Company Limited has informed the Exchange about update regarding sale or disposal of land property
ELGIRUBCO · price
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Awaiting price reaction for this filing.
Elgi Rubber Company has completed the sale of 20 cents of land (out of 37 cents) along with non-core buildings in Kanyakumari District, Tamil Nadu, to an unrelated individual buyer for Rs. 35 lakhs. The sale deed was executed on 6 August 2025, following Board approval from November 2024. The assets sold are classified as non-core and non-substantial, and the buyer has no connection to the promoter or promoter group. The transaction is not a related party transaction and falls outside any Scheme of Arrangement. The company also acknowledged an inadvertent delay in disclosing this information to the exchange.
The sale is of a small, non-core asset worth just Rs. 35 lakhs and is unlikely to have any material impact on the company's financials or stock price. Shareholders should note this is routine asset monetisation of non-essential property.