JK Tyre & Industries approved a capital expenditure plan of ₹4,980 crore to expand its production capacity for Truck & Bus Radial (TBR) and Passenger Car Radial (PCR) tyres. The Board of Directors sanctioned the expansion in phases to address robust demand across categories in the Indian tyre industry and maintain the company's market presence. The proposed capacity addition represents a 24% increase over existing levels.

The expansion will be executed at the Chennai Tyre Plant (CTP) and Vikrant Tyre Plant (VTP). Currently, the combined existing capacity for TBR and PCR tyres stands at 210 lakh tyres per annum, including capacities under implementation. The company reported that capacity utilization for these segments is currently over 90% of installed capacity.

The new capacity is scheduled to be added by Financial Year 2029-30. The company plans to fund the project through a mix of internal accruals and debt. The approval was disclosed to the exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Expansion Details

The decision follows a board meeting held on May 26, 2026. The filing was signed by Kamal Kumar Manik, Company Secretary.

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.

Detailed Voting Breakdown

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

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.

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.