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:

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.

CEAT Limited , a leading tyre manufacturer, has successfully concluded its postal ballot process with shareholders overwhelmingly approving the appointment of two directors to its board. The voting results, declared on December 19, 2025, show strong support for both proposed appointments with detailed scrutinizer reports confirming the validity of the process.

Official Voting Results and Regulatory Compliance

The postal ballot, conducted exclusively through remote e-voting from November 19 to December 18, 2025, resulted in the passage of both resolutions with significant majority support. The company has disclosed the results under Regulation 30 and 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The scrutinizer's report, prepared by Mitesh Dhabliwala of Parikh Associates (FCS: 8331), confirmed the validity of the voting process and results. All shareholders whose names appeared in the Register of Members as of the cut-off date of November 12, 2025, were entitled to participate in the voting process.

Appointment of Mr. Apurva Chandra

Mr. Apurva Chandra (DIN: 02531655) has been approved as a Non-Executive Independent Director for a term of five years, from October 17, 2025, to October 16, 2030. The retired Indian Administrative Service officer brings over 36 years of experience in public administration and policy formulation.

Reappointment of Mr. Paras K. Chowdhary

Mr. Paras K. Chowdhary (DIN: 00076807) has been approved as a Non-Executive Non-Independent Director, marking his return to the CEAT board. With over 38 years of experience in the tyre industry, Mr. Chowdhary previously served as Managing Director from 2001 to 2012.

Voting Process and Shareholder Participation

The company conducted the postal ballot exclusively through remote e-voting, utilizing the platform provided by National Securities Depository Limited (NSDL). The voting process was overseen by Company Secretary Gaurav Tongia, ensuring compliance with all regulatory requirements.

The comprehensive voting results have been uploaded on the company's website and NSDL's e-voting platform, ensuring transparency in the corporate governance process. The appointments are expected to strengthen CEAT's board with valuable expertise and industry insights to guide the company's future strategic direction.