Bengal & Assam Company Ltd, the promoter of JK Tyre & Industries Ltd , has declared that no encumbrance was made on the equity shares of the target company during the financial year 2025-26. The disclosure was submitted to BSE Limited and National Stock Exchange of India Limited on April 8, 2026, under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The declaration confirms that the promoter, along with persons acting in concert and other constituents of the promoter group, has not created any direct or indirect encumbrance on the shares. This filing was made on behalf of all authorized constituents of the promoter group.

Promoter and Promoter Group Entities

The disclosure identifies Bengal & Assam Company Ltd as the promoter and lists 52 other entities as part of the promoter group. The list includes various group companies and individual shareholders associated with the Singhanian family.

The list also includes entities such as JKF Evolve Limited, Southern Spinners and Processors Limited, and JK Insurance Brokers Limited. Individual members of the promoter group include Bharat Hari Singhania, Raghupati Singhania, and Vikram Pati Singhania, among others. Family trusts and HUFs (Hindu Undivided Families) associated with key individuals are also categorized under the promoter group.

JK Tyre & Industries Limited reported its highest ever annual consolidated revenue of ₹16,384 crore for FY26, a growth of 11% over the previous year. The company achieved an EBITDA of ₹2,089 crore, an increase of 25%, while Profit After Tax (PAT) rose by 50% to ₹774 crore. The Board has approved a brownfield expansion plan worth ₹4,980 crore to increase capacities for PCR and TBR segments by 24% by 2029 to meet rising demand.

Financial Performance

The company recorded a consolidated revenue of ₹4,233 crore in Q4FY26, up 12% year-on-year. EBITDA for the quarter stood at ₹546 crore, registering a 42% growth, with margins expanding by 270 basis points to 12.9%. Profit after tax for Q4 jumped 83% to ₹188 crore. The strong performance was driven by record volumes across segments, an improved product mix, and sustained cost optimization initiatives.

Key Financial Metrics

Operational Highlights

Domestic markets recorded a volume growth of 21% in Q4, led by a 42% growth in the OE market. TBR volumes in the replacement market grew by 19% and in the OE market by 53%. The Farm category saw a significant volume growth of 58% year-on-year. JK Tormel, the Mexican subsidiary, contributed a revenue of ₹2,138 crore for FY26, with EBITDA of ₹141 crore.

Expansion and Strategy

To meet rising demand, the Board approved a further brownfield expansion for PCR and TBR segments at an aggregate cost of ₹4,980 crore, in addition to the ongoing ₹1,130 crore projects. This will increase TBR and PCR capacities by 24% in phases until 2029. The company is also implementing price hikes of 4-5% in the replacement market and 5-7% in export markets to mitigate rising raw material costs, which are expected to increase by 18-20% in Q1FY27.