Elgi Rubber Company Limited has informed the Exchange regarding 'Intimation of closure of Register of Members and Share Transfer books for the purpose of Annual General Meeting'.
ELGIRUBCO · price
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Elgi Rubber Company reported its Q4 and FY26 standalone financial results showing a net loss of Rs. 2,492.30 lakhs for Q4 and Rs. 11,494.55 lakhs for full year, significantly higher than FY25 loss of Rs. 425.70 lakhs. Revenue for FY26 stood at Rs. 23,627.06 lakhs. The company approved reversal of Rs. 16.43 million interest receivable from two overseas subsidiaries (USA and Brazil) to reduce their interest burden. Exceptional items include full impairment of Rs. 3,658.47 lakhs investment and Rs. 5,441.64 lakhs loan provision for Rubber Resources B.V., Netherlands, which entered liquidation in January 2026. The Board re-appointed Sudarsan Varadaraj as Chairman and Managing Director and Harsha Varadaraj as Executive Director for 5 years each. The 20th AGM is scheduled for August 27, 2026.
The company reported a significant widening of losses primarily due to impairments and higher finance costs. Shareholders should note the substantial exceptional items from the Dutch subsidiary liquidation and the need for operational improvement to return to profitability.