Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Elgi Equipments has informed that the Company’s wholly owned subsidiary, Elgi Compressors USA INC, has received a tariff refund from US Customs and Border Protection (CBP) amounting to US$ 2.68 million, equivalent to approximately ?25.6 crores. This is consequent to the US Supreme Court’s directives to the US Government to refund the excess tariff collected from the importers. The above intimation is also being hosted on the website of the Company at www.elgi.com.
The above information is a part of company’s filings submitted to BSE.
