Elgi Equipments Subsidiary Divests Stake in US JV

Elgi Compressors USA Inc., a wholly owned subsidiary of Elgi Equipments Ltd, has divested its stake in PLA Holding Company, LLC and its subsidiary, Pattons of California, LLC. The transaction, effective July 10, 2026, involved a consideration of USD 100,000 plus release of exclusivity for certain compressor types in California. The divested unit contributed 0.09% to the consolidated profit after tax and 0.23% to consolidated equity as of March 31, 2026. The buyer is the joint venture partner, Jeffery Brandon Todd, who is not part of the promoter group. This transaction does not fall under related party transactions.