Elgi Equipments Limited announced that Elgi Rubber Company Limited has encumbered 0.21% of its shares. The pledge was created on August 21, 2025, in favor of RBL Bank Limited to secure a loan taken by Elgi Rubber Company Limited.
According to the disclosure, 6,64,160 shares were encumbered, representing 0.21% of the total share capital. The promoter holding in the target company is 31.19% or 9,88,54,180 shares.
| Particulars | Details |
|---|---|
| Name of the promoter | Elgi Rubber Company Limited (Promoter Group) |
| Number of shares encumbered | 6,64,160 |
| % of total share capital | 0.21% |
| Type of event | Creation of Pledge |
| Date of creation | August 21, 2025 |
| Type of encumbrance | Pledge |
| Name of the entity in whose favor shares encumbered | RBL Bank Limited |
| Post event holding of encumbered shares | 6,64,160 (0.21%) |
The value of shares on the date of the event was ₹33.57 Crores, against a loan amount of ₹42.31 Crores, resulting in a ratio of 0.80.
The borrowed amount will be utilized by Elgi Rubber Company Limited (Promoter Group) for its business requirements.
Faizur Rehman Allaudeen, the Company Secretary, has signed off on the announcement.
The borrowed amount will be utilized by Elgi Rubber Company Limited (Promoter Group) for its business requirements.
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