Elgi Rubber Company MD, chairman, board of directors and AGM
NSE: ELGIRUBCOIndustrial ProductsSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹50.43.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹241 Cr2,328th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit.
- Lossover the last 12 months
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 28 May 2026
- 3.2
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 12 Aug 2026
- −155.3%
- ROE without one-offsReturn on equity without one-off items. Core profit, the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders less one-off items (exceptional items and the result of businesses sold or closed), as a percentage of the same net worth as the return on equity. Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹112 crore of one-off items, the largest of them in the quarter to Mar 2026.
- −67.6%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 12 Aug 2026
- −20.1%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 28 May 2026
- 4.13
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 18,28855.7% delivered
Elgi Rubber Company board of directors
At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- Chairperson and managing directorSUDARSAN VARADARAJRelated to the promoter
- Company Secretary and Compliance OfficerFAIZUR REHMAN ALLAUDEEN
6 directors3 independent2 executive1 non-executive
- SUDARSAN VARADARAJ · Chairperson and managing directorExecutive · joined Oct 2006 · reappointed Jan 2024 · 3 listed boards · 1 as independent · 2 committee seats, 2 as chair
- HARSHA VARADARAJExecutive · joined Nov 2020 · reappointed Nov 2023 · 2 listed boards · 1 as independent · 2 committee seats
- JAIRAM VARADARAJNon-executive · joined Jan 2011 · reappointed Aug 2025 · 2 listed boards · 1 committee seat
- SARATHRAJ SELVAKUMARIndependent · joined Aug 2024 · reappointed Aug 2024 · 22 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
- PARVATHI SRINIVASANIndependent · joined Sep 2024 · reappointed Sep 2024 · 22 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
- ASHTY DAVIDIndependent · joined May 2025 · reappointed May 2025 · 13 months as independent · 1 listed board · 1 as independent · 2 committee seats
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
1 director who left
- RAMANI VIDHYA SHANKAR, left 4 Jun 2025: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 28 May 20266 of 6 present3 independent · 104 days in between
- 12 Feb 20266 of 6 present3 independent · 23 days in between
- 19 Jan 20266 of 6 present3 independent
Audit Committee
Chair PARVATHI SRINIVASAN
SARATHRAJ SELVAKUMAR, ASHTY DAVID
- 28 May 20263 of 3 present3 independent · 104 days in between
- 12 Feb 20263 of 3 present3 independent · 23 days in between
- 19 Jan 20263 of 3 present3 independent
Nomination and remuneration committee
Chair ASHTY DAVID
PARVATHI SRINIVASAN, SARATHRAJ SELVAKUMAR
- 28 May 20263 of 3 present3 independent · 104 days in between
- 12 Feb 20263 of 3 present3 independent
Stakeholders Relationship Committee
Chair SARATHRAJ SELVAKUMAR
PARVATHI SRINIVASAN, ASHTY DAVID
- 26 Jun 20263 of 3 present3 independent · 153 days in between
- 23 Jan 20263 of 3 present3 independent
Finance and Administrative Committee
Chair SUDARSAN VARADARAJ
HARSHA VARADARAJ, PARVATHI SRINIVASAN, SARATHRAJ SELVAKUMAR
No meeting listed in the filing.
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Jun 2026.
- Arun & Co.Peer-review certificate valid to Jul 2027
1 earlier auditor
- Arun & Co., a partnership firmNamed in the filing for the quarter to Mar 2026
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Elgi Rubber Company AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Elgi Rubber Company dividend history
Annual general meeting, 27 Aug 2026
16,926 shareholders on the register on 20 Aug 2026; present: 3 promoters and 45 others; votes counted by M D SELVARAJ / MDS AND ASSOCIATES LLP.The company's voting result (opens in a new tab)
Adoption of the audited standalone financial statements of the company along with consolidated financial statements including statement of profit and loss (including other comprehensive income) along with the statement of cash flows and the statement of changes in equity for the financial year ended March 31, 2026 together with notes and the reports of the board of directors and the auditors thereonMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 65.83% · promoters 100.00% · institutions 0.00% · other public 2.52%
- Re-appointment of Sudarsan Varadaraj (DIN: 00133533) as a Director on retirement by rotationOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 65.83% · promoters 100.00% · institutions 0.00% · other public 2.52%
Approval for re-appointment of Sudarsan Varadaraj (DIN: 00133533) as Chairman and Managing Director of the company for a further period of 5 years with effect from January 1, 2027 and the remuneration payable to himMoreLess
SpecialPromoters have an interest in it100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 65.83% · promoters 100.00% · institutions 0.00% · other public 2.52%
Approval for re-appointment of Harsha Varadaraj (DIN: 06856957) as Whole-time Director (designated as “Executive Director”) of the company for a further period of 5 years with effect from November 6, 2026 and the remuneration payable to himMoreLess
SpecialPromoters have an interest in it100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 65.83% · promoters 100.00% · institutions 0.00% · other public 2.52%
- Ratification of the remuneration payable to M/s. P. Mohan Kumar & Co., (Firm Registration No.100490), Cost Auditor of the Company for the financial year 2026-27Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 65.83% · promoters 100.00% · institutions 0.00% · other public 2.52%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 11 Aug 2025, 8 resolutions
16,340 shareholders on the register on 4 Aug 2025; present: 9 promoters and 63 others; votes counted by MD SELVARAJ / MDS AND ASSOCIATES LLP.The company's voting result (opens in a new tab)
Adoption of the audited standalone financial statements of the company along with consolidated financial statements including statement of profit and loss (including other comprehensive income) along with the statement of cash flows and the statement of changes in equity for the financial year ended March 31, 2025 together with notes and the reports of the board of directors and the auditors thereonMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 65.59% · promoters 99.97% · institutions 0.06% · other public 1.82%
- Re-appointment of Dr. Jairam Varadaraj (DIN: 00003361) as a Director on retirement by rotationOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 65.59% · promoters 99.97% · institutions 0.06% · other public 1.82%
Approval for the appointment of M/s. Arun & Co., Chartered Accountants, Tirunelveli, a partnership firm as Statutory Auditors to fill up the casual vacancy caused due to the change in their legal constitution by way of conversion from a sole proprietorship firm into a partnership firm and the remuneration payable to themMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 65.59% · promoters 99.97% · institutions 0.06% · other public 1.82%
- Approval for the appointment M/s. Arun & Co., Chartered Accountants, Tirunelveli, a partnership firm as Statutory Auditors for a period of five consecutive years and the remuneration payable to them.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 65.59% · promoters 99.97% · institutions 0.06% · other public 1.82%
- Approval for the appointment of Ashty David (DIN: 01813998) as a Non-Executive Independent Director for a first term of 5 (five) consecutive years effective from May 29, 2025 to May 28, 2030.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 65.59% · promoters 99.97% · institutions 0.06% · other public 1.82%
Approval for the appointment of C N Paramasivam (FCS 4654/COP 3687), Practicing Company Secretary, Coimbatore as Secretarial Auditor of the Company for a period of 5 (five) consecutive years commencing from Financial Year 2025-26 till Financial Year 2029-30 and the remuneration payable to him.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 65.59% · promoters 99.97% · institutions 0.06% · other public 1.82%
- Ratification of the remuneration payable to M/s. P. Mohan Kumar & Co., (Firm Registration No.100490), Cost Auditor for the financial year 2025-26.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 65.59% · promoters 99.97% · institutions 0.06% · other public 1.82%
- Approval to enter into material related party transactions with LRG Technologies Limited, a related partyOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 0.10% · promoters 0.00% · institutions 0.06% · other public 0.32%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 31 Jul 2025, 1 resolution
16,459 shareholders on the register on 27 Jun 2025; votes counted by C N Paramasivam / C N Paramasivam.The company's voting result (opens in a new tab)
Approval to sell, lease, transfer, liquidate or otherwise dispose of the entire shareholding or any part thereof held by the Company in its material wholly owned subsidiary in Netherlands and/or its Step Down Subsidiary and/or the assets thereof pursuant to Section 180(1)(a) of the Companies Act, 2013 read with Regulation 24(5) & 24(6) and Regulation 37A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015MoreLess
Special100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.14%
Turnout: all 65.70% · promoters 97.63% · institutions 0.06% · other public 6.97%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 3 Nov 2024, 5 resolutions
The company's voting result (opens in a new tab)
Approval for the appointment of Parvathi Srinivasan (DIN: 10646746) as a Non-Executive Independent Director of the Company for a first term of five (5) consecutive years with effect from September 01, 2024MoreLess
Special100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 66.85% · promoters 100.00% · institutions 0.00% · other public 5.73%
Approval for the appointment of R Vidhya Shankar (DIN: 00002498) as a Non-Executive Independent Director of the Company for a first term of five (5) consecutive years with effect from September 27, 2024MoreLess
Special100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 66.85% · promoters 100.00% · institutions 0.00% · other public 5.73%
Approval to sell or otherwise dispose off certain immovable properties, comprising of land and buildings, of the Company pursuant to Section 180(1)(a) of the Companies Act, 2013 and Regulation 37A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015MoreLess
Special100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 66.85% · promoters 100.00% · institutions 0.00% · other public 5.73%
Approval to sell or otherwise dispose off the non-current investments (excluding those investments in the subsidiaries) of the Company pursuant to Section 180(1)(a) of the Companies Act, 2013 and Regulation 37A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015MoreLess
Special100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 66.85% · promoters 100.00% · institutions 0.00% · other public 5.73%
Approval to enter into material related party transactions with LRG Technologies Limited, a related party, pursuant to Section 188 of the Companies Act, 2013 and Regulation 23 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015MoreLess
OrdinaryPromoters have an interest in it100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 1.81% · promoters 0.00% · institutions 0.00% · other public 5.73%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 14 Aug 2024, 4 resolutions
Present: 8 promoters and 43 others.The company's voting result (opens in a new tab)
Adoption of the Audited Standalone and Consolidated Financial Statements of the Company for the financial year ended 31st March, 2024 together with notes and the reports of the Board of Directors and the Auditors thereonMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.12%
Turnout: all 66.23% · promoters 99.97% · institutions 0.00% · other public 3.86%
- Re-appointment of Harsha Varadaraj (DIN: 06856957) as Director, who retires by rotationOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.12%
Turnout: all 66.23% · promoters 99.97% · institutions 0.00% · other public 3.86%
Approval for appointment of Sarathraj Selvakumar (DIN: 08904057) as a Non-Executive Independent Director for a first term of 5 (five) consecutive years effective from August 14, 2024 to August 13, 2029MoreLess
Special100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.12%
Turnout: all 66.23% · promoters 99.97% · institutions 0.00% · other public 3.86%
- Ratification of the re-appointment and the payment of remuneration to M/s. P. Mohan Kumar & Co., (Firm Registration No.100490), Cost Accountants, for the financial year 2024-25Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.12%
Turnout: all 66.23% · promoters 99.97% · institutions 0.00% · other public 3.86%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 22 Mar 2024, 1 resolution
The company's voting result (opens in a new tab)
Approval to sell or otherwise dispose off the assets in material wholly owned subsidiary (step down) in Netherlands pursuant to Regulation 24(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015MoreLess
Special100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 65.06% · promoters 99.97% · institutions 0.00% · other public 0.14%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 28 Oct 2023, 2 resolutions
The company's voting result (opens in a new tab)
Approval to sell or otherwise dispose off the Aircraft Tyre Retreading business of the Company pursuant to Section 180(1)(a) of the Companies Act, 2013 and Regulation 37A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015MoreLess
Special99.99% for0.01% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.82%
Turnout: all 64.60% · promoters 97.63% · institutions 0.00% · other public 3.55%
Approval to sell or otherwise dispose off certain immovable properties (being non-core assets), comprising of land and buildings, of the Company pursuant to Section 180(1)(a) of the Companies Act, 2013 and Regulation 37A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015MoreLess
Special99.99% for0.01% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.82%
Turnout: all 64.60% · promoters 97.63% · institutions 0.00% · other public 3.55%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 18 Aug 2023, 5 resolutions
Present: 7 promoters and 28 others.The company's voting result (opens in a new tab)
Adoption of the Audited Standalone and Consolidated Financial Statements of the Company for the financial year ended 31st March, 2023 together with the reports of the Board of Directors and the Auditors thereonMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.11%
Turnout: all 65.53% · promoters 100.00% · institutions 0.00% · other public 1.59%
- Re-appointment of Sudarsan Varadaraj (DIN: 00133533) as Director, who retires by rotationOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.11%
Turnout: all 65.53% · promoters 100.00% · institutions 0.00% · other public 1.59%
Approval to re-appoint Sudarsan Varadaraj (DIN: 00133533) as Chairman and Managing Director of the Company for a further period of 3 (three) years with effect from January 01, 2024 and the remuneration payable to himMoreLess
SpecialPromoters have an interest in it100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.11%
Turnout: all 65.53% · promoters 100.00% · institutions 0.00% · other public 1.59%
Approval to re-appoint Harsha Varadaraj (DIN: 06856957) as Whole-time Director (designated as “Executive Director”) of the Company for a further period of 3 (three) years with effect from November 06, 2023 and the remuneration payable to himMoreLess
SpecialPromoters have an interest in it100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.11%
Turnout: all 65.53% · promoters 100.00% · institutions 0.00% · other public 1.59%
- Ratification of the appointment and the payment of remuneration to M/s. P. Mohan Kumar & Co., (Membership Number 18692 / FRN 100490), Cost Auditor of the Company for the financial year 2023-24Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.11%
Turnout: all 65.53% · promoters 100.00% · institutions 0.00% · other public 1.59%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- No
- The chair is related to the managing director
- Yes
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- No
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.