CEAT Limited Expands Debt Portfolio and Strengthens Indonesian Subsidiary

CEAT Limited , a leading Indian tire manufacturer, has announced significant financial moves that underscore its commitment to growth and expansion. The company's Finance and Banking Committee has approved two key decisions: the issuance of Non-Convertible Debentures (NCDs) and an investment in its Indonesian subsidiary.

NCD Issuance

CEAT Limited has given the green light to issue unsecured Non-Convertible Debentures (NCDs) worth up to Rs. 250.00 crores on a private placement basis. This new issuance comes in addition to the company's existing NCDs of Rs. 150.00 crores, bringing the total NCD portfolio to Rs. 400.00 crores. This move suggests that CEAT is leveraging debt financing to support its operations and potential expansion plans.

Investment in Indonesian Subsidiary

In a strategic move to strengthen its international presence, CEAT has approved an investment of up to IDR 3,800 million (approximately Rs. 2.07 crores) in PT CEAT Tyres Indonesia. This investment will increase CEAT's shareholding in the subsidiary to about 99.93%. PT CEAT Tyres Indonesia, incorporated in February 2025, is a relatively new addition to CEAT's global footprint, indicating the company's focus on expanding its international operations.

Financial Position

To provide context for these decisions, let's look at CEAT's recent financial position based on its consolidated balance sheet data:

Financial Metric	Current Year (2025-03)	1 Year Ago (2024-03)	Change
Total Assets	Rs. 11,212.40 crores	Rs. 9,994.50 crores	12.19%
Current Assets	Rs. 3,432.10 crores	Rs. 2,738.80 crores	25.31%
Fixed Assets	Rs. 6,984.30 crores	Rs. 6,271.10 crores	11.37%
Total Equity	Rs. 4,376.30 crores	Rs. 4,052.40 crores	7.99%
Current Liabilities	Rs. 5,164.90 crores	Rs. 4,333.20 crores	19.19%

The financial data shows that CEAT has experienced growth across various metrics over the past year. The company's total assets have increased by 12.19%, while current assets have grown by a substantial 25.31%. This growth in assets, coupled with the increase in current liabilities, suggests that CEAT is actively investing in its operations and expansion.

The decision to issue additional NCDs aligns with the company's overall financial strategy, potentially aimed at supporting its growth initiatives and maintaining a balanced capital structure. Meanwhile, the investment in the Indonesian subsidiary reflects CEAT's commitment to strengthening its global presence and capitalizing on international market opportunities.

As CEAT continues to navigate the competitive tire industry, these strategic financial moves demonstrate the company's proactive approach to growth and its focus on both domestic and international markets.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.47%	+1.56%	-1.60%	+5.36%	+26.66%	+240.04%

CEAT Limited , a leading tyre manufacturer, has announced a postal ballot to seek shareholder approval for the appointment of two directors to its board. The company is proposing to appoint Mr. Apurva Chandra as a Non-Executive Independent Director and Mr. Paras K. Chowdhary as a Non-Executive Non-Independent Director.

Appointment of Mr. Apurva Chandra

Mr. Apurva Chandra, a retired Indian Administrative Service (IAS) officer, is being proposed for appointment as a Non-Executive Independent Director for a term of five years, from October 17, 2025, to October 16, 2030. With over 36 years of experience in public administration, policy formulation, and industrial development, Mr. Chandra brings a wealth of expertise to the board.

Key points about Mr. Chandra's appointment:

He has served in various high-profile roles in the Government of India and the Government of Maharashtra.
His areas of expertise include Petroleum and Natural Gas, Defence acquisitions, Labour reforms, Industrial policy, Healthcare, and Media and Broadcasting.
Mr. Chandra holds a Master's degree in Structural Engineering from IIT Delhi and a Diploma in Business Finance from ICFAI.

Reappointment of Mr. Paras K. Chowdhary

Mr. Paras K. Chowdhary, a veteran in the tyre industry, is being proposed for appointment as a Non-Executive Non-Independent Director. Mr. Chowdhary has previously served on CEAT's board in various capacities, including as Managing Director from 2001 to 2012.

Key points about Mr. Chowdhary's appointment:

He has over 38 years of experience in senior management positions in the tyre industry.
Mr. Chowdhary is recognized as one of the foremost experts in the Indian tyre industry.
He holds a bachelor's degree in Physics (Hons.) and brings extensive industry knowledge to the board.

Voting Process

CEAT Limited has initiated a remote e-voting process for shareholders to cast their votes on these appointments. The key details of the voting process are as follows:

Voting Details	Information
E-voting Start Date	November 19, 2025, 09:00 AM (IST)
E-voting End Date	December 18, 2025, 05:00 PM (IST)
Results Declaration	By December 22, 2025

Shareholders whose names appear in the Register of Members/List of Beneficial Owners as of November 12, 2025 (the cut-off date) are eligible to vote on these resolutions.

The appointment of Mr. Apurva Chandra requires approval as a Special Resolution, while Mr. Paras K. Chowdhary's appointment needs approval as an Ordinary Resolution.

CEAT Limited's board believes that these appointments will bring valuable expertise and insights to guide the company's future growth and strategic direction. Shareholders are encouraged to participate in the voting process to have their say in these important corporate governance decisions.