Elgi Equipments , a leading air compressor manufacturer, has introduced an innovative solution aimed at enhancing energy efficiency in industrial operations. The company has launched the Elgi Demand-Match System, specifically designed for fixed-speed compressors, marking a significant advancement in compressed air technology.

Key Features of the Elgi Demand-Match System

The newly launched system boasts several noteworthy features:

1. Energy Savings: The Elgi Demand-Match System promises energy savings comparable to those achieved by variable frequency drives (VFDs). This is a crucial benefit for industries looking to reduce their energy consumption and operational costs.

2. Enhanced Reliability: While matching the energy efficiency of VFDs, the system offers improved reliability. This feature is particularly important for industries where consistent and dependable performance is critical.

3. Compatibility with Fixed-Speed Compressors: The system is specifically designed to work with fixed-speed compressors, potentially offering a cost-effective upgrade path for existing installations.

Market Availability and Future Plans

Elgi Equipments has adopted a phased approach for the rollout of its new Demand-Match System:

• Initial Launch: The product is currently available in the Indian market, allowing domestic industries to benefit from this energy-efficient solution.

• Global Expansion: Elgi Equipments has announced plans for a global rollout, indicating the company's confidence in the system's potential and its ambition to cater to international markets.

This launch demonstrates Elgi Equipments' commitment to innovation and energy efficiency in the compressed air industry. By offering a solution that combines the benefits of variable frequency drives with enhanced reliability, the company is addressing key concerns of industrial users, potentially strengthening its position in both domestic and global markets.

As industries worldwide continue to focus on energy efficiency and sustainable operations, Elgi Equipments' new Demand-Match System could play a significant role in helping businesses optimize their compressed air systems while reducing energy consumption.

Elgi Equipments Limited's promoter group entity, Elgi Rubber Company Limited, has pledged a portion of its shareholding in Elgi Equipments to secure a loan from RBL Bank Limited. This move is part of Elgi Rubber Company's efforts to meet its business requirements.

Key Details of the Share Pledge

Impact on Promoter Shareholding

The pledged shares represent 0.67% of the total promoter shareholding in Elgi Equipments Limited. The promoter group, including Elgi Rubber Company Limited, holds a total of 9,88,54,180 shares, accounting for 31.19% of Elgi Equipments' total share capital.

Disclosure and Compliance

Elgi Rubber Company Limited has made the necessary disclosures to the stock exchanges as per Regulation 31(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company has also provided additional details in Annexure II, as required by SEBI circular dated August 05, 2015.

Purpose of the Loan

According to the disclosure, Elgi Rubber Company Limited has borrowed the loan for its business requirements. The company has clarified that the borrowed amount is not for personal use by promoters and Persons Acting in Concert (PACs) or for the benefit of Elgi Equipments Limited.

Market Implications

While the pledge represents a small portion of Elgi Equipments' total share capital, it underscores the ongoing financial activities within the promoter group. Investors and market watchers may want to monitor any further developments or changes in the promoter shareholding pattern of Elgi Equipments Limited.

Elgi Equipments Limited continues to be listed on both the BSE Limited and the National Stock Exchange of India Limited. As always, stakeholders are advised to consider the broader financial health and performance of the company when making investment decisions.