Elgi Compressors USA Divests Stake in Gentex Air Solutions

Elgi Compressors USA Inc., a wholly owned subsidiary of Elgi Equipments Ltd, has divested its entire stake in Gentex Air Solutions LLC to its existing joint venture partner. This divestment was undertaken to release exclusivity in certain counties of Texas, USA. The contribution of Gentex Air Solutions to Elgi's consolidated financials was minimal, with a share of profit of USD 7,735 (0.02% of PAT) and a share of net worth of USD 1,38,972 (0.06% of Equity) as of March 31, 2026. The transaction was completed on September 4, 2026, and is not considered a related party transaction.