The Joint Venture Partners have expressed their interest to buyout the investment of Elgi Compressors USA Inc (Elgi USA) in CS Industrial Services LLC as per the terms of the operating agreement. The formalities under the operating agreement and the actual closure are expected to be completed by 30 June 2024. As per the terms of the operating agreement, post divestment of Elgi USA's stake, CS Industrial Services LLC shall be the exclusive distributor to sell, maintain and service ELGi branded oil flooded rotary screw category products for a period of five years.