JK Tyre & Industries Limited , a prominent player in the Indian tyre industry, has announced crucial meetings for its equity shareholders and unsecured creditors to deliberate on the proposed merger with Cavendish Industries Limited. The meetings, scheduled for September 3, 2025, mark a significant step in the company's strategic expansion plans.

Meeting Details

The meetings will be conducted through video conferencing (VC) or other audio-visual means (OAVM), as directed by the National Company Law Tribunal (NCLT), Jaipur Bench. This digital format ensures wider participation while adhering to modern corporate governance practices.

Key points regarding the meetings include:

• Date: September 3, 2025
• Mode: Video Conferencing / Other Audio-Visual Means
• Purpose: To consider and approve the Scheme of Amalgamation between Cavendish Industries Limited and JK Tyre & Industries Limited

Voting Process

JK Tyre & Industries has implemented a comprehensive e-voting system to facilitate shareholder and creditor participation:

• Remote E-voting Period:

  • Starts: August 31, 2025, at 9:00 AM (IST)
  • Ends: September 2, 2025, at 5:00 PM (IST)

• Cut-off Dates for Voting Eligibility:

  • Equity Shareholders: August 27, 2025
  • Unsecured Creditors: June 30, 2025

Shareholders and creditors can cast their votes electronically prior to the meeting or during the meeting itself. Those who have not voted through remote e-voting will be eligible to vote during the respective meetings.

Leadership and Scrutiny

The Hon'ble Tribunal has appointed Justice Vijender Jain as the Chairperson for both meetings, with Justice M.S. Bedi as the alternative Chairperson. To ensure transparency, Mr. Atul Lakhanpal (or Mr. Sapan Dhir in his absence) has been appointed to scrutinize the e-voting process.

Importance of the Merger

The proposed amalgamation of Cavendish Industries Limited with JK Tyre & Industries Limited is a strategic move that could potentially strengthen JK Tyre's market position and operational capabilities. This merger, if approved, may lead to synergies in production, technology, and market reach.

Next Steps

Following the meetings, the results of the e-voting will be declared within two working days. These results, along with the Scrutinizer's Report, will be made available on the company's website and communicated to the stock exchanges.

The merger still requires subsequent regulatory approvals and permissions from various authorities before it can be finalized. Shareholders and creditors are encouraged to participate in this crucial decision-making process that could shape the future of JK Tyre & Industries Limited in the competitive tyre market.

For any queries regarding the e-voting process or meeting attendance, participants can contact the helpdesk at helpdesk.evoting@cdslindia.com or call the toll-free number 1800 22 55 33.

This strategic move by JK Tyre & Industries Limited reflects the company's commitment to growth and its efforts to enhance shareholder value in an evolving market landscape.

JK Tyre & Industries , a prominent player in the Indian tyre manufacturing sector, has made a strategic move by approving an investment in STTY RE. The company's board of directors has given the green light for an investment amounting to ₹12.20 million in STTY RE, as per the latest corporate announcement.

Investment Details

The approved investment of ₹12.20 million represents a significant financial commitment by JK Tyre & Industries. However, the company has not disclosed further details regarding the nature of this investment or specific information about STTY RE at this time.

Potential Implications

While the exact purpose and expected outcomes of this investment remain undisclosed, such financial decisions often align with a company's broader strategic objectives. These may include:

• Expanding market presence
• Diversifying operations
• Exploring new business opportunities

Looking Ahead

Stakeholders and market observers will likely be keen to learn more about this investment as additional information becomes available. The impact of this decision on JK Tyre & Industries' operations and financial performance may become clearer in subsequent corporate communications or financial reports.

As the tyre industry continues to evolve, strategic investments like this one could play a crucial role in shaping the company's future direction and competitive position in the market.