Keshav Sekhri, a member of the promoter group of Tinna Rubber & Infrastructure Limited , has acquired 1,79,860 equity shares in the company through an off-market inter-se transfer. The transaction, structured as a gift without any consideration from Bhupinder Kumar Sekhri, another promoter of the company, was executed on July 27, 2026. This acquisition brings Sekhri’s total holding to 1,79,860 shares, representing 1.00% of the company’s total share capital. The move consolidates promoter group holdings and is disclosed under the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015.

The disclosure was submitted to the Listing Departments of the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) on July 28, 2026. The filing cites Regulation 7(1)(b) of the SEBI (PIT) Regulations, 2015, which mandates disclosure upon becoming a member of the promoter group. Additionally, under Regulation 2(pp)(ii) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, Sekhri is identified as part of the "Promoter Group" for all applicable provisions of SEBI regulations and other laws.

Transaction Details

The key details of the share acquisition are outlined below:

Sanjay Kumar Rawat, Company Secretary of Tinna Rubber & Infrastructure Limited, signed the disclosure letter addressed to the exchanges. The filing confirms that no open interest exists in future or option contracts for Keshav Sekhri at the time of becoming a member of the promoter group.

Regulatory Compliance

The disclosure form (Form-B) specifies that the securities held are equity shares with ISIN INE015C01016. The PAN for Keshav Sekhri is recorded as KWTPS8976L, and his Demat account number is IN305099-70028989. The address provided for the acquirer is 448-451, Chin Min Farms, Satbari, New Delhi-110074.

This transaction reflects a routine internal restructuring within the promoter group rather than a market-based investment decision. The absence of consideration indicates a familial or trust-based transfer, common among promoter families to align holdings or manage succession planning. No change in control of the company is implied by this specific transaction, as both parties remain within the promoter group category.

Tinna Rubber And Infrastructure Limited reported a 75% year-on-year increase in consolidated net profit to ₹205.66 crore for the first quarter ended June 30, 2026, compared to ₹117.41 crore in the same period last year. Revenue from operations rose to ₹1,561.81 crore from ₹1,302.73 crore, while the EBITDA margin expanded to 21.70% from 15.95%, reflecting improved operational efficiency and higher realization from value-added products. The Board of Directors approved the unaudited financial results at a meeting held on July 20, 2026.

Q1 Financial Highlights

The company's standalone net profit for the quarter stood at ₹201.12 crore, up from ₹109.83 crore in Q1 FY26. Standalone revenue from operations increased to ₹1,508.51 crore from ₹1,273.04 crore. Joint Managing Director Gaurav Sekhri stated that the record profitability was driven by systemic optimizations in raw material costs and an increased share of value-added product sales, rather than one-off inventory gains. The results were reviewed by the Audit Committee and are subject to a limited review by the statutory auditors, S S Kothari Mehta & Co. LLP.

Segment Performance and Operations

The Infrastructure segment recorded 33% volume growth and 7% revenue growth in Q1 FY27 on a year-on-year basis, driven by accelerated bituminous road surfacing layer works. The segment secured a 15,000 MT rubberized bitumen processing order scheduled for execution during FY27. The Industrial segment achieved 27% volume growth and 58% revenue growth, supported by momentum in value-added products like Micronized Rubber Powder (MRP) and Reclaimed Rubber (RR). Exports volume delivered robust 46% year-on-year growth despite global economic headwinds.

The Consumer segment volumes declined by 20% due to sharp increases in raw material prices and import-export disruptions, while the Steel segment maintained stable revenue supported by improved realizations. India's tyre crushing volumes grew by 35% year-on-year to 44,238 TPA in Q1 FY27, with capacity utilization standing strong at 88%. The Tyre Pyrolysis Oil (TPO) facility at Varale commenced trial runs and is expected to commence commercial sales in Q2 FY27. Recovered Carbon Black (rCB) production is scheduled to commence in Q3 FY27.

Strategic Guidance and Expansion

Management provided full-year guidance for FY27, targeting revenue between ₹670 crore and ₹700 crore and an EBITDA margin of 18% to 20%. While Q1 margins reached 22%, management cautioned that front-ended costs from new expansions in South Africa and Saudi Arabia would impact blended margins. The company plans to capitalize approximately ₹60 crore of its ₹100 crore capex target over FY27–FY28 in the current fiscal. Renewable energy contributed 51% of total power consumption in Q1 FY27, supported by commissioned rooftop solar installations at Gummidipoondi (999 kWp) and Varale (2,218 kWp).

International Projects Update

Operations at the South Africa plant have begun, with Phase 1 capex completed and breakeven expected by the end of Q2 FY27. The Oman plant ran at 78% capacity utilization, contributing approximately ₹9 crore in revenue, and achieved an improved EBITDA margin of 8.53% in Q1 FY27. The company has formed Tinna Rubber Arabia Ltd to set up a tyre recycling plant in Saudi Arabia with an initial capacity of 24,000 MT per annum. A 13,000-square-metre plot has been allocated, with construction expected to begin in mid-FY27, subject to normalization of the situation in the Middle East.

What the Numbers Show

The significant margin expansion to 21.70% demonstrates the successful transition toward high-margin value-added products, particularly MRP and reclaimed rubber, which saw volume growth of 28% and 37% respectively. However, the divergence between the Q1 margin of 22% and the full-year guidance of 18-20% highlights the near-term cost pressures associated with international expansions. The monetization of ₹25 crore worth of Extended Producer Responsibility (EPR) credits, accrued in previous years, improved cash flows but did not impact current quarter earnings, as confirmed by CFO Abhay Kumar.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE015C01016/8617f5be-2714-4f88-886b-3e7c80a3714b.pdf