JK Tyre & Industries Completes Postal Ballot for Dr. Nand Gopal Khaitan's Appointment as Independent Director

JK Tyre & Industries has successfully completed the postal ballot process for the appointment of Dr. Nand Gopal Khaitan as Independent Director. The special resolution was passed on April 22, 2026, with 95.39% of votes in favour, marking a significant corporate governance milestone for the tyre manufacturing company. The appointment is effective from February 9, 2026, for a term of five consecutive years.

Postal Ballot Results Overview

The postal ballot process demonstrated strong shareholder participation with 78.34% of outstanding shares participating in the voting. The company received substantial backing from its investor base across all categories, with the voting period conducted from March 24, 2026, to April 22, 2026.

Voting Parameter	Details
Total Shareholders on Record	286972
Voting Period	March 24, 2026 to April 22, 2026
Cut-off Date	March 17, 2026
Total Valid Votes Cast	225848868
Voting Participation	78.34% of outstanding shares

Detailed Voting Breakdown

The resolution received comprehensive support across all shareholder categories, with particularly strong backing from promoter groups and retail investors.

Shareholder Category	Votes in Favour	Votes Against	Approval Rate
Promoter and Promoter Group	149114536	0	100.00%
Public - Institutions	55514832	10408204	84.21%
Public - Non Institutions	10806364	4932	99.95%
Total	215435732	10413136	95.39%

Appointment Details

Dr. Nand Gopal Khaitan's appointment as Independent Director represents a strategic addition to the company's board structure. The appointment terms reflect the company's commitment to strengthening its governance framework.

Appointment Parameter	Details
Director Name	Dr. Nand Gopal Khaitan
DIN Number	00020588
Position	Independent Director
Term Duration	Five consecutive years
Effective Date	February 9, 2026

Process and Compliance

The postal ballot was conducted in accordance with regulatory requirements under the Companies Act, 2013 and SEBI regulations. Smt. Preeti Grover of PG & Associates, Company Secretaries, served as the scrutinizer for the process, ensuring transparency and compliance. The scrutinizer submitted her report dated April 22, 2026, confirming the resolution was passed with requisite majority.

Key process highlights included electronic dispatch of postal ballot notices on March 23, 2026, publication of requisite advertisements in Business Standard and Pratakhkal on March 24, 2026, and remote e-voting facility provided through Central Depository Services (India) Ltd. The votes were unblocked at 5:15 PM on April 22, 2026, in the presence of two independent witnesses. The successful completion of this postal ballot process demonstrates strong shareholder confidence in the company's governance decisions and strategic direction.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-5.00%	-5.39%	+1.34%	-5.62%	+28.39%	+257.93%

JK Tyre & Industries Ltd. has announced a strategic investment in renewable energy, with its board of directors approving an investment of up to Rs.1.31 crore to acquire a 26% equity stake in Roofsol Renewables Five Pvt. Ltd. (RRFPL). The decision was made during a board meeting held on April 15, 2026, as disclosed under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Investment Details

The acquisition represents JK Tyre's commitment to sustainable energy solutions and regulatory compliance. The company will maintain a minimum 26% stake in RRFPL throughout the term of the Power Purchase Agreement, Share Subscription and Shareholders Agreement.

Parameter:	Details
Investment Amount:	Rs.1.31 Crore
Shareholding Acquired:	26% equity shares
Consideration Type:	Cash
Completion Timeline:	Within 180 days
Regulatory Approvals:	Not required

Target Company Profile

Roofsol Renewables Five Pvt. Ltd. operates in the power generation sector using solar energy. The company was incorporated on April 1, 2025, and is a wholly owned subsidiary of Roofsol Energy Pvt. Ltd. RRFPL was specifically established as a Special Purpose Vehicle (SPV) for setting up a captive power plant at JK Tyre's Laksar Tyre Plant in Uttarakhand.

Company Details:	Information
Registered Office:	1606, Lodha Supremus, Saki Vihar Road, Andheri E, Mumbai, Maharashtra – 400 072
Date of Incorporation:	April 1, 2025
Current Turnover:	NIL
Business Focus:	Solar power generation
Geographic Presence:	India

Strategic Rationale

The acquisition serves a specific regulatory purpose, enabling JK Tyre to comply with captive power consumption requirements under Indian Electricity laws. This strategic move aligns with the company's operational needs at its Laksar facility while supporting India's renewable energy initiatives.

Key aspects of the transaction include:

Regulatory Compliance: Meeting minimum shareholding requirements for captive power consumption
Operational Integration: Supporting power needs at the Laksar Tyre Plant
Renewable Focus: Investing in solar energy generation capabilities
Strategic Partnership: Long-term commitment through shareholding maintenance

Transaction Structure

The investment does not constitute a related party transaction, with no promoter or group company interest in the target entity. The acquisition will be completed through cash consideration, ensuring a straightforward transaction structure without complex approval processes.

The board meeting, chaired by the directors, concluded at 5:30 PM on April 15, 2026, with Company Secretary Kamal Kumar Manik confirming the regulatory disclosures. This investment represents JK Tyre's continued focus on sustainable business practices and operational efficiency through renewable energy adoption.