Elgi Rubber Company Limited has informed the Exchange about proposal of Sale of immovable property at Trichy Road, Coimbatore

Elgi Rubber Company's board met on Feb 12, 2026 and approved three key items. First, it reversed Rs. 22.18 million of interest receivable from three overseas wholly-owned subsidiaries (USA, Brazil, Netherlands) for Q3 FY26 due to uncertainty of recovery. Second, it approved unaudited financial results showing a sharp deterioration: standalone loss after tax of Rs. 9,480.76 lakhs in Q3 FY26 and Rs. 9,002.25 lakhs for 9M FY26, driven by exceptional items of Rs. 7,666.45 lakhs including full impairment of investment (Rs. 3,638.38 lakhs) and loans (Rs. 4,006.42 lakhs) in step-down subsidiary Rubber Resources B.V., Netherlands. Consolidated Q3 loss after tax was Rs. 2,866.51 lakhs (eliminated on consolidation). Third, the board approved sale of 7.24 acres of non-core land with buildings on Trichy Road, Coimbatore to unrelated buyers at market price or higher, with intent to use proceeds to reduce debt, expected by Dec 31, 2026. The Netherlands subsidiary has subsequently filed for voluntary liquidation/bankruptcy in January 2026.