Elgi Equipments has appointed Vikas Thiruvalluru as Senior Management Personnel, effective September 1, 2026. The appointment was approved by the Board of Directors based on the recommendation of the Nomination and Remuneration Committee.

The move formalizes Thiruvalluru’s role within the company’s top leadership structure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was issued to the National Stock Exchange of India Limited and BSE Limited on September 1, 2026.

Appointment Details

Thiruvalluru joins as President and Head - GPMO. His profile highlights a career spanning technology, consulting, and industrial manufacturing sectors.

Professional Background

Thiruvalluru holds an MBA in Finance and Marketing from the Indian School of Business (ISB), Hyderabad, and a B.E (Hons.) in Electrical and Electronics Engineering from BITS Pilani. He joined Elgi Equipments in March 2026 after serving as Chief Operating Officer at Jayem Automotives Private Limited.

At Jayem Automotives, he led new business initiatives, operational strategy, and scale-up programs. Prior to that, he held multiple roles at Rexnord, including Managing Director for Rexnord India and global commercial lead for the high-performance coupling portfolio.

His earlier career includes product development roles at Oracle Financials and Flexcube platforms, followed by strategy and operations projects at Monitor Deloitte across multiple sectors. With over two decades of experience, he has focused on P&L management, global operations, and organizational transformation.

Elgi Equipments received a US$ 1.55 million tariff refund from US Customs and Border Protection on August 29, 2026. The amount, equivalent to approximately ₹14.82 crore, is recorded as exceptional income.

The refund was received by the company's wholly owned subsidiary, Elgi Compressors USA Inc. It follows directives from the US Supreme Court ordering the US Government to refund excess tariffs collected from importers.

Regulatory Disclosure

The company disclosed the receipt under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This intimation supplements a previous notice issued on July 16, 2026.

What the Numbers Show

The ₹14.82 crore inflow represents a non-operational boost to earnings. As this is classified as exceptional income, it does not reflect changes in core operating margins or revenue generation from compressor sales.