Elgi Rubber Company Limited has informed the Exchange regarding Outcome of Board Meeting held on July 09, 2025.
ELGIRUBCO · price
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The board of Elgi Rubber Company met on July 9, 2025 and recommended the appointment of M/s. Arun & Co., Chartered Accountants as Statutory Auditors to fill a casual vacancy caused by the firm's conversion from a sole proprietorship into a partnership firm. The same firm has also been recommended for a fresh five-year term as Statutory Auditors, from the conclusion of the 19th Annual General Meeting (AGM) until the 24th AGM in 2030. The board approved a revised notice for the 19th AGM, which will now also include these auditor-related resolutions. The 19th AGM is scheduled for August 11, 2025 at 10:00 AM via video conferencing. All other AGM details such as dates, e-voting period, and book closure remain unchanged from the earlier intimation of May 29, 2025. Shareholder approval will be sought at the AGM for these auditor appointments.
This is a routine governance update with no material financial impact. The same audit firm continues in a new legal form, and the five-year reappointment signals continuity in audit oversight. Shareholders should note the August 11 AGM date to vote on these resolutions.