CEAT submits details of duplicate share certificates to exchanges

CEAT Limited submitted information regarding the issuance of duplicate share certificates to the stock exchanges on May 28, 2026. The disclosure was made in compliance with Regulation 39(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The submission details the issuance of new certificates to replace original share certificates for specific shareholders.

The data was received from NSDL Database Management Limited, the Registrar and Transfer Agent for CEAT Limited. Pursuant to a SEBI circular dated January 30, 2026, the shares have been credited to the respective shareholders or claimants in electronic form to their demat accounts upon completion of necessary actions.

The filing covers 11 folios, involving the issuance of new share certificates for a total of 517 shares. The certificates were issued on May 26, 2026, to various individuals, including members of the Bhansali family and other shareholders.

The following table provides the specific details of the duplicate share certificates submitted:

Folio No	Date of Issue	Name of shareholder	New Certificate	No of Share(s)	Distinctive Nos from	Distinctive Nos To
ZVD0000714	26-05-2026	Dhiren Niranjn Bhansali Niranjan Hargovandas Bhansali	46422	22	3129554	3129575
ZVD0000920	26-05-2026	Dhiren Niranjn Bhansali Niranjan Hargovandas Bhansali	46423	15	3133473	3133487
ZVD0001254	26-05-2026	Dhiren Niranjn Bhansali Niranjan Hargovandas Bhansali	46424	15	3138144	3138158
ZVA0000143	26-05-2026	Ashish Niranjn Bhansali Niranjan Hargovandas Bhansali	46425	22	2893758	2893779
ZVA0000908	26-05-2026	Ashish Niranjn Bhansali Niranjan Hargovandas Bhansali	46426	15	2919670	2919684
ZVA0000707	26-05-2026	Ashish Niranjn Bhansali Niranjan Hargovandas Bhansali	46427	15	2914937	2914951
ZVP0001724	26-05-2026	Prayaga Subrahmanyam	46428	49	3774835	3774883
ZVM0001081	26-05-2026	Madhavan A N Malathi T E R	46429	33	3583209	3583241
ZVV0001128	26-05-2026	Vijay Maneklal Shah	46430	9	4217866	4217874
ZVE0000004	26-05-2026	Elsie Fernandez Trevor J Fernandez	46431	37	3167883	3167919
ZVS0000641	26-05-2026	Sushma Bahl Brij Mohan Bahl Anuradha Bhardwaj	46432	300	3933405	3933704

The intimation was signed by Gaurav Tongia, Company Secretary of CEAT Limited, and Sunil Dhondiram Kamble, Assistant Vice President of NSDL Database Management Limited.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.65%	+2.32%	-8.32%	-16.24%	-13.27%	+148.08%

CEAT Limited reported a revenue of Rs 15,678 Cr for FY26, achieving a 5-year revenue CAGR of 15.6%. The company disclosed an EBITDA margin of 13.2% for the fiscal year, alongside a Debt/EBITDA ratio of 1.46x and a Debt/Equity ratio of 0.60x. These financial highlights were shared in the investor presentation for the RPG Annual Investor Conference 2026 scheduled on May 26, 2026.

The presentation, submitted to the exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, outlines the company's strategic vision for 2031. Key targets include securing the #1 position in the 2W and 4W tyre segments in the aftermarket and achieving a 15% share in Commercial Radials in the India aftermarket. CEAT also aims for 33% saliency in its international business.

Financial Performance and Metrics

CEAT demonstrated strong growth momentum, with standalone revenue increasing to Rs 15,215 Cr in FY26, up from Rs 7,573 Cr in FY21. This growth trajectory has positioned the company at #3 in India based on standalone revenue. The company maintained a credit rating of AA with a positive outlook and announced a dividend of 350%.

Metric	Value
FY26 Revenue	Rs 15,678 Cr
5-yr Revenue CAGR	15.6%
FY26 EBITDA	13.2%
Debt / EBITDA	1.46x
Debt / Equity	0.60x
Dividend	350%
Credit Rating	AA (Outlook +ve)

Strategic Initiatives and Future Growth

The company is focusing on enhancing profitability through cost optimization measures. Marketing costs as a percentage of net sales increased slightly to 2.1% in FY26 from 1.9% in FY22, while manpower costs decreased to 7.5% from 7.9% over the same period. The EBITDA gap to peers narrowed significantly to 1.6% in FY26 from a peak of 3.4% in FY24.

CEAT is leveraging the CAMSO acquisition to unlock a billion-dollar opportunity. The integration timeline includes the completion of deal signing in Dec 2024 and production takeover in Sep 2025. Future milestones involve sales takeover in Oct 2026 and the complete transfer of the CAMSO brand by Sep 2028. The company is also advancing in electrification, premiumization, and digital technologies to drive future growth.