Elgi Compressors USA Inc, a wholly owned subsidiary of the Elgi Equipments Limited, has subscribed and invested in, an extent of $ 1,34,000, which is 50% of the total capital of, Evergreen Compressed Air and Vacuum LLC, having its registered office at 3217, 44th Ave, SW, Seattle, WA 98116.

Evergreen Compressed Air and Vacuum LLC will function as an exclusive dealer/distributor for Elgi Compressors USA Inc, (a wholly owned subsidiary of Company) for the ELGi rotary screw (oil-flooded or oil-free) compressors. The object of acquiring 50% ownership stake is for creating a model distributorship in USA that can be the reference point for creating more such channel arrangements in USA.