Elgi Equipments reports share pledge and new ESG ratings

Elgi Equipments Limited announced on August 25, 2025, that its promoter, Elgi Rubber Company Limited, pledged 664,160 shares, representing 0.21% of the total share capital, to RBL Bank Limited. This pledge was created on August 21, 2025, to secure a loan taken by Elgi Rubber Company Limited for its business requirements. The value of the pledged shares on the event date was INR 33,56,66,464, against a loan amount of INR 42,31,00,000, resulting in an asset cover ratio of 0.80.

Following this, Elgi Equipments also reported receiving independent ESG ratings on August 26, 2025. Crisil ESG Ratings & Analytics Ltd assigned a 'Crisil ESG 50' rating, while NSE Sustainability Ratings & Analytics Ltd assigned an ESG rating of '66'. The company noted that it did not engage these providers for the ratings, which were based on publicly available data.