Elgi Rubber Company Share Price Today

Elgi Rubber sets Aug 27 for 20th AGM to approve director pay despite loss

Elgi Rubber Company Limited has confirmed its 20th AGM for August 27, 2026, focusing on the re-appointment of key directors and their remuneration amidst a widening FY26 net loss of ₹1,149.44 million. The meeting will be held via VC/OAVM, with e-voting open from August 24 to 26 for shareholders holding shares as of August 20.

Elgi Rubber Company sells Hyderabad land for Rs 12 Cr

Elgi Rubber Company Limited signed an agreement on July 20, 2026, to sell 1.07 acres of land and buildings in Hyderabad to Vega Elite LLP for Rs 12 crore. The company received an advance of Rs 4 crore, with the deal expected to close by September 30, 2026, following prior shareholder approval via postal ballot.

Elgi Rubber sells Coimbatore land for Rs 43.50 Cr

Elgi Rubber Company Limited executed a sale deed on June 25, 2026, to dispose of a land property in Coimbatore for a total consideration of Rs 43.50 crore. The sale, involving 75 cents and 37 sq.ft of land along with buildings and fixtures, was concluded with an unrelated third party buyer, Mr. S. Senthilnathan. The transaction was approved by shareholders via a postal ballot process in May 2023.

Elgi Rubber FY26 loss widens on subsidiary liquidation impact

Elgi Rubber Company Limited reported a significant widening of its net loss for FY26 to ₹11,494.55 lakh standalone and ₹24,023.78 lakh consolidated, primarily due to exceptional items including the full impairment of investment and loans to its subsidiary Rubber Resources B.V., which filed for liquidation. The board approved a reversal of ₹16.43 million in interest receivable from overseas subsidiaries to support their financial position. Additionally, the company re-appointed its cost auditor, internal auditors, and key leadership positions, including Sudarsan Varadaraj as Chairman and Managing Director and Harsha Varadaraj as Executive Director, subject to shareholder approval.