Integrated Filing — IndAS



General information about company

Scrip Code 000000
NSE Symbol ELGIRUBCO
MSEI Symbol NOTLISTED
ISIN INE819L01012
Name of company Elgi Rubber Company Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 28-05-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 19-05-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment RUBBER INDUSTRY
Start date and time of board meeting 28-05-2026   11:30:00
End date and time of board meeting 28-05-2026   18:00:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 8,633.53 36,649.90
Other income 882.15 2,543.81
Total income 9,515.68 39,193.71
2 Expenses
(a) Cost of materials consumed 4,177.63 19,115.53
(b) Purchases of stock-in-trade (197.36) 1,384.07
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 689.03 (264.60)
(d) Employee benefit expense 1,780.84 7,000.66
(e) Finance costs 695.89 3,192.18
(f) Depreciation, depletion and amortisation expense 562.34 1,789.77
(f) Other Expenses
1 Impairment of receivables from foreign subsidiary 1,766.96 1,766.96
2 Other Expenses 4,559.96 13,812.38
Total other expenses 6,326.92 15,579.34
Total expenses 14,035.29 47,796.95
3 Total profit before exceptional items and tax (4,519.61) (8,603.24)
4 Exceptional items (15,533.87) (15,502.98)
5 Total profit before tax (20,053.48) (24,106.22)
6 Tax expense
7 Current tax (138.34) 116.01
8 Deferred tax 489.67 (198.44)
9 Total tax expenses 351.33 (82.43)
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations (20,404.81) (24,023.79)
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period (20,404.81) (24,023.79)
17 Other comprehensive income net of taxes 47.88 32.34
18 Total Comprehensive Income for the period (20,356.93) (23,991.45)
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent (20,404.81) (24,023.79)
Total profit or loss, attributable to non-controlling interests 0.00 0.00
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent (20,356.93) (23,991.45)
Total comprehensive income for the period attributable to owners of parent non-controlling interests 0.00 0.00
21 Details of equity share capital
Paid-up equity share capital 500.50 500.50
Face value of equity share capital 1 1
27 Details of debt securities
22 Reserves excluding revaluation reserve 7,068.83
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations -40.77 -48
Diluted earnings (loss) per share from continuing operations -40.77 -48
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations -40.77 -48
Diluted earnings (loss) per share from continuing and discontinued operations -40.77 -48
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) Notes 1 In accordance with Regulation 33 of the SEBI Listing Obligations and Disclosure Requirements Regulations 2015 the above Consolidated financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on May 28 2026 and the same has been audited by the statutory auditors of the Company who have expressed an unmodified audit opinion thereon 2 These statements have been prepared in accordance with the Companies Indian Accounting Standards Rules 2015 Ind AS prescribed under section 133 of the Companies Act 2013 and other recognised accounting practices and policies to the extent applicable 3 Figures for the quarter ended March 31 2026 and the corresponding quarter ended in the previous year as reported in these financial results are the balancing figures between audited figures in respect of the full financial year and the published year to date figures upto the end of the third quarter of the relevant financial year 4 Exceptional items represents the following 4 1 Profit on sale of assets 4 2 Consequent to the notification of four new Labour Codes on November 21 2025 the Group has assessed and recognised an incremental gratuity cost of Rs 21.65 lakhs is primarily arise due to change in wage definition under the exceptional item being regulatory driven and non recurring in nature Further the Group continues to monitor Central and State Rules and clarifications for any other impact 4 3 Consequent to liquidation of step down subsidiaries Rubber Resources B V incorporated in Netherlands the Company has recognized the loss arising from such liquidation as an exceptional item considering its materiality and non recurring nature 5 Rubber Resources B V Netherlands wholly owned step down material foreign subsidiary has voluntarily filed application for liquidation bankruptcy on 26 January 2026 and entered into liquidation proceedings pursuant to the appointment of a liquidator under the applicable laws of the relevant jurisdiction This resulted in the Group ceasing to exercise control over the said entity Accordingly in accordance with Ind AS the Group has derecognised the assets and liabilities of the said subsidiary recognised the resulting impact on loss of control including recycling of the cumulative foreign currency translation reserve and assessed the recoverability of the financial exposure if any remaining with the Group in accordance with Ind AS The aggregate impact of the above has been recognised and disclosed as an Exceptional Item in the audited consolidated financial results for the quarter and year ended 31 March 2026 6 A Commercial Court has passed an order on 17 December 2025 in respect of a claim relating to pre payment penalty charges expensed in earlier years This order is now under appeal with Commercial Appeal Division CAD High Court Chennai Hence the claim continues to be treated as a contingent asset in accordance with Ind AS 37 and no income has been recognised in the above financial results 7 The company is engaged primarily in only one segment of providing solutions to the Rubber industry Hence there are no reportable segments as per Ind AS 108 Operating Segments 8 The above statements includes the results of the following wholly owned subsidiaries i Elgi Rubber Company LLC USA ii Elgi Rubber Company Limited Kenya iii Elgi Rubber Company Limited Sri Lanka iv Treadsdirect Limited Bangladesh v Borrachas e Equipamentos Elgi Ltda Brasil vi Elgi Rubber Company Holdings B V The Netherlands a Rubber Resource B V The Netherlands step down wholly owned subsidiary upto 26 01 2026 b Elgi Rubber Company B V The Netherlands step down wholly owned subsidiary vii Pincott International Pty Limited Australia 9 9 The previous period figures have been regrouped or reclassified wherever necessary



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 31-03-2026
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 10,936.04
Capital work-in-progress 1,239.78
Investment property 0.00
Goodwill 1,303.47
Other intangible assets 86.29
Intangible assets under development 0.00
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 0.00
Non-current financial assets
Non-current investments 3,119.75
Trade receivables, non-current 0.00
Loans, non-current 0.00
Other non-current financial assets
1 Other financial assets 453.47
Total of other non-current financial assets 453.47
Total non-current financial assets 3,573.22
Deferred tax assets (net) 2,962.41
Other non-current assets
1 Other non-current assets 308.52
Total of other non-current assets 308.52
Total non-current assets 20,409.73
2 Current assets
Inventories 8,262.64
Current financial asset
Current investments 0.00
Trade receivables, current 5,846.14
Cash and cash equivalents 454.06
Bank balance other than cash and cash equivalents 2,296.32
Loans, current 62.55
Other current financial assets
Total of other current financial assets
Total current financial assets 8,659.07
Current tax assets (net)
Other current assets
1 Other current assets 4,574.17
2 Properties held for sale 1,499.12
Total of other current assets 6,073.29
Total current assets 22,995.00
3 Non-current assets classified as held for sale 0.00
4 Regulatory deferral account debit balances and related deferred tax Assets 0.00
Total assets 43,404.73
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 500.50
Other equity 7,068.83
Total equity attributable to owners of parent 7,569.33
Non controlling interest 0.00
Total equity 7,569.33
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 9,188.63
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
Total Trade payable 0.00
Other non-current financial liabilities
1 Lease liability 6.96
Total of other non-current financial liabilities 6.96
Total non-current financial liabilities 9,195.59
Provisions, non-current 0.00
Deferred tax liabilities (net) 0.00
Deferred government grants, Non-current 0.00
Other non-current liabilities
Total of other non-current liabilities
Total non-current liabilities 9,195.59
Current liabilities
Current financial liabilities
Borrowings, current 22,063.09
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 169.84
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 1,966.22
Total Trade payable 2,136.06
Other current financial liabilities
1 Lease Liability 19.20
Total of other current financial liabilities 19.20
Total current financial liabilities 24,218.35
Other current liabilities 2,257.93
1 Other current liabilities 2,257.93
Total of other current liabilities 2,257.93
Provisions, current 163.53
Current tax liabilities (Net) 0.00
Deferred government grants, Current 0.00
Total current liabilities 26,639.81
3 Liabilities directly associated with assets in disposal group classified as held for sale 0.00
4 Regulatory deferral account credit balances and related deferred tax liability 0.00
Total liabilities 35,835.40
Total equity and liabilites 43,404.73
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-01-2026 01-04-2025
Date of end of reporting period 31-03-2026 31-03-2026
Whether results are audited or unaudited Audited Audited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Items that will not be reclassified to profit or loss 63.99 43.22
Total Amount of items that will not be reclassified to profit and loss 63.99 43.22
2 Income tax relating to items that will not be reclassified to profit or loss 16.11 10.88
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income 47.88 32.34



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 31-03-2026
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax (24,106.22)
Adjustments for reconcile profit (loss)
Adjustments for finance costs 3,192.18
Adjustments for decrease (increase) in inventories 3,883.90
Adjustments for decrease (increase) in trade receivables, current (683.16)
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets 162.13
Adjustments for decrease (increase) in other non-current assets (7.89)
Adjustments for other financial assets, non-current 67.43
Adjustments for other financial assets, current (17.70)
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current (2,364.73)
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 0.00
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 1,789.77
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current (231.19)
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current 0.00
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains 194.39
Adjustments for dividend income 0.00
Adjustments for interest income 0.00
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) 0.00
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) 1,865.19
Other adjustments for non-cash items 15,404.75
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) 23,255.07
Net cash flows from (used in) operations (851.15)
Dividends received (14.71)
Interest paid 0.00
Interest received (247.11)
Income taxes paid (refund) 36.17
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities (1,149.14)
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 359.28
Purchase of property, plant and equipment 654.11
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 14.71
Interest received 272.86
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (611.32)
Net cash flows from (used in) investing activities (618.58)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 4,308.80
Repayments of borrowings 0.00
Payments of lease liabilities (10.87)
Dividends paid 0.60
Interest paid 3,186.61
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities 1,132.46
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes (635.26)
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents (635.26)
Cash and cash equivalents cash flow statement at beginning of period 1,089.30
Cash and cash equivalents cash flow statement at end of period 454.04





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 Arun & Co., Partnership firm Yes 31-07-2027