Elgi Equipments has completed sale/disposal of a property of Pattons Inc, USA, a material subsidiary of the Company which constituted more than 20% of its total assets on January 10, 2023. Earlier, the company had received approval from Board of Directors for such sale/ disposal.
Elgi Equipments is a holding company and an air compressor manufacturer. The company’s segments include Compressors, Automotive Equipments and Others.