JK Tyre Publishes Newspaper Ads for Independent Director Postal Ballot Process

JK Tyre & Industries Ltd. has published newspaper advertisements regarding its postal ballot notice for the appointment of Dr. Nand Gopal Khaitan as an Independent Director. The company issued a formal communication to stock exchanges on 24th March 2026, confirming the publication of advertisements in Business Standard (English) and Pratapkal (Hindi) newspapers.

Regulatory Compliance and Advertisement Publication

The company has fulfilled its regulatory obligations by publishing the postal ballot notice in newspapers as required under the Companies Act, 2013. The advertisements were published on 24th March 2026, coinciding with the commencement of the e-voting period.

Publication Details:	Information
English Newspaper:	Business Standard (All Editions)
Hindi Newspaper:	Pratapkal (Udaipur Edition)
Publication Date:	24th March 2026
Communication to Exchanges:	24th March 2026

Company Secretary Kamal Kumar Manik signed the communication to BSE and NSE, confirming the completion of newspaper advertisement requirements in connection with the postal ballot notice dated 5th March 2026.

Postal Ballot Process Details

The postal ballot process is being conducted entirely through electronic voting mode for seeking shareholder approval for Dr. Khaitan's appointment as Independent Director. The voting timeline remains as previously announced:

Voting Schedule:	Timeline
Voting Commencement:	24th March 2026 at 10.00 A.M.
Voting Conclusion:	22nd April 2026 at 5.00 P.M.
Cut-off Date:	17th March 2026
Result Declaration:	On or before 24th April 2026

The e-voting facility is being provided through Central Depository Services (India) Ltd. (CDSL) platform at www.evotingindia.com . Members whose email addresses are registered with the company or depositories have received the postal ballot notice electronically.

Dr. Khaitan's Proposed Appointment

The Board of Directors had previously appointed Dr. Nand Gopal Khaitan as an Additional Director on 6th February 2026, with the appointment taking effect from 9th February 2026, subject to requisite shareholder approval. The proposed resolution seeks to appoint him as an Independent Director for a term of five consecutive years.

Appointment Details:	Information
Proposed Term:	Five consecutive years
Effective Date:	9th February 2026
Age:	Seventy four years
Professional Background:	Senior Partner, Khaitan & Co.

Dr. Khaitan brings over 50 years of legal expertise and serves on boards of several listed companies including AGI Greenpac Ltd., Mangalam Cement Ltd., and HEG Ltd. As he will attain seventy five years of age in May 2026, the resolution also seeks approval for his continuation beyond seventy five years as required under SEBI Listing Regulations.

Scrutinizer Appointment and Contact Information

Ms. Preeti Grover of M/s PG & Associates, Company Secretaries, has been appointed as Scrutinizer, with Ms. Monika Jain serving as Alternate Scrutinizer for conducting the postal ballot process. Members can contact the company at investorjkyre@jkmail.com or call 011-66001112 for any queries related to the voting process.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-4.39%	-8.71%	-23.99%	+6.35%	+33.91%	+251.55%

JK Tyre & Industries Ltd. has successfully completed the distribution of proceeds from fractional share entitlements to eligible shareholders following its amalgamation with Cavendish Industries Ltd. The company submitted reports from both its Audit Committee and Independent Directors on March 23, 2026, certifying compliance with regulatory requirements for the distribution process.

Amalgamation Scheme Details

The scheme of amalgamation between Cavendish Industries Ltd. and JK Tyre & Industries Ltd. was sanctioned by the National Company Law Tribunal, Jaipur Bench on November 20, 2025. The scheme became effective on December 22, 2025, with an appointed date of April 1, 2025.

Parameter:	Details
Share Exchange Ratio:	92 equity shares of ₹2 each (JK Tyre) for every 100 equity shares of ₹10 each (Cavendish)
Record Date:	December 24, 2025
Allotment Date:	December 26, 2025
Total Shares Allotted:	1,42,69,484 equity shares of ₹2 each
Fractional Shares:	3 equity shares allotted to trustee

Under the scheme, eligible equity shareholders of Cavendish Industries received equity shares in JK Tyre & Industries. The company allotted 1,42,69,484 equity shares of ₹2 each to eligible shareholders, including 3 equity shares allotted to Shri Ashok Kumar Kinra as trustee for fractional entitlements.

Fractional Share Distribution Process

The 3 equity shares representing consolidated fractional entitlements were sold in the open market as required by SEBI Master Circular No. SEBI/HO/CFD/POD-2/P/CIR/2023/93 dated June 20, 2023. The distribution of proceeds was completed on March 18, 2026.

Component:	Amount (₹)
Number of Shares Sold:	3
Average Price per Share:	444
Gross Amount:	1,332
Income Tax on Trustee:	319
Net Amount Distributed:	1,013
Number of Beneficiaries:	4 shareholders

The net proceeds of ₹1,013 were distributed proportionally among four eligible shareholders based on their respective fractional entitlements. The average selling price of ₹444 per share was calculated after deducting brokerage, taxes, and other expenses.

Regulatory Compliance and Certification

Both the Audit Committee and Independent Directors provided separate certification reports confirming compliance with the amalgamation scheme and SEBI regulations. The Audit Committee, chaired by Dr. Nand Gopal Khaitan, includes Shri Subhrakant Panda and Dr. Arun K. Bajoria as members.

The Independent Directors comprising Smt. Meera Shankar, Shri Subhrakant Panda, Dr. Nand Gopal Khaitan, Shri Krishna Kumar Bangur, and Dr. Jorg Nohl certified that the distribution was conducted in accordance with the scheme provisions and regulatory requirements.

Corporate Structure Impact

The newly allotted equity shares, including those distributed from fractional entitlements, rank pari passu with existing fully paid-up equity shares of JK Tyre & Industries. The completion of this distribution process marks the final step in the amalgamation scheme's implementation, ensuring all eligible shareholders receive their proportionate benefits from the corporate restructuring.