Elgi Equipments (ELGIEQUIP) — Announcement

📢 Key Event
US subsidiary receives $1.55 million tariff refund

🔄 What Changed
Received tariff refund from US Customs

💡 Investor Takeaway
This one-time refund improves cash flow and resolves a US tariff dispute.

Elgi Equipments announced its US subsidiary Elgi Compressors USA Inc received a $1.55 million tariff refund from US Customs, equivalent to approximately ₹14.82 crores, following a Supreme Court directive to refund excess tariffs collected from importers. This refund resolves a prior tariff dispute affecting the company's US operations and represents a material one-time gain that improves cash flow. The company confirmed the update will be posted on its official website.

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About Elgi Equipments Ltd (ELGIEQUIP)

Capital Goods · Capital Goods-Non Electrical Equipment · Listed on BSE

Market Cap: ₹19,924.07 Cr P/E: 44.3 ROE: 20.1% ROCE: 23.6% Div Yield: 0.43%

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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