Elgi Rubber Company Limited has scheduled its 20th Annual General Meeting (AGM) for Thursday, August 27, 2026, at 10:00 AM (IST). The meeting will be conducted exclusively through Video Conference (VC) or Other Audio-Visual Means (OAVM), without physical presence of members, in compliance with the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Notice of the 20th AGM and the Annual Report for the year ended March 31, 2026, including audited financial statements, will be dispatched via email to registered members. For shareholders who have not registered their email addresses, a letter containing the weblink to access the documents will be sent to their registered postal addresses. The documents are also available on the company’s website and the National Stock Exchange of India Limited (NSE) website.

Key Details for Shareholders

Shareholders participating via VC/OAVM will be counted for quorum purposes under Section 103 of the Companies Act, 2013. Instructions for joining the meeting and casting votes through the remote e-voting system or during the AGM will be provided in the official notice.

Dividend and Compliance Updates

The company emphasized that dividends, if declared, are taxable in the hands of shareholders, and tax at source (TDS) will be deducted as per prevailing Income Tax laws. In line with SEBI Master Circular No. HO/MIRSO/POD-1/P/CIR/2024/37 dated May 7, 2024, dividends to physical shareholders will be paid only through electronic mode effective April 1, 2024.

Physical shareholders must furnish their PAN, nomination choice, contact details, bank account information, and specimen signature to receive dividends electronically. Members holding shares in demat form should update these details with their Depository Participants, while physical shareholders must file Form ISR-1 with the Registrar and Share Transfer Agent, MUFG Intime India Private Limited.

Elgi Rubber Company Limited has entered into an agreement to sell land and buildings in Hyderabad for Rs 12 crore to unlock value from non-core assets. The company signed the Agreement of Sale on July 20, 2026, for the property located in Bagh Hayathnagar, Ranga Reddy District, Telangana. The buyer, Vega Elite LLP, is an unrelated third party, and the transaction is not classified as a related party deal.

The sale property comprises Plot Nos. 14, 15, and 16, admeasuring 5213.40 Sq. Yards, or 4359.03 Sq. Mtrs (approximately 1.07 acres), along with the buildings thereon. The total consideration is fixed at Rs 12 crore, of which the company has received an advance of Rs 4 crore. The disposal of these assets was previously approved by shareholders via a postal ballot process on October 28, 2023, under Section 180(1)(a) of the Companies Act, 2013, and Regulation 37A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The completion of the sale is subject to requisite consents and approvals, with an expected closing date on or before September 30, 2026. The company has not yet executed the final sale deed. As the assets are classified as non-core, the disclosure regarding their contribution to turnover or net worth was not applicable.

Transaction Details

The sale is being conducted outside a Scheme of Arrangement. The special resolution passed in 2023 had received majority support from public shareholders, authorizing the company to sell the identified non-core assets to unrelated parties.