Elgi Rubber Company Limited has informed the Exchange regarding Outcome of Board Meeting held on November 13, 2025 for reversal of interest receivable from wholly owned subsidiaries recognized during the quarter ended September 30 2025
ELGIRUBCO · price
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Elgi Rubber Company Limited's board, at its meeting on November 13, 2025, approved the reversal of interest receivable from its wholly owned subsidiaries that had been recognized in the quarter ended September 30, 2025. This means the interest income previously booked from these subsidiaries will be reversed out, reducing the reported earnings for that quarter. The reversal suggests the company no longer expects to collect this interest or has revised the recoverability assessment. No specific quantum of the reversal has been disclosed in the headline, and the impact will be visible in the revised Q2 FY26 financial results.
Short-term negative for reported Q2 FY26 profits as interest income is taken back; shareholders should look for the revised numbers and any commentary on why recovery from subsidiaries is now doubtful.