Tinna Rubber and Infrastructure has announced a significant update for its shareholders regarding the final dividend for the fiscal year 2024-25. The company has set September 5, 2025, as the record date for determining shareholder eligibility for the dividend payout.

Dividend Details

• Dividend Amount: Rs. 4.00 per equity share (40% of face value)
• Record Date: September 5, 2025
• Fiscal Year: 2024-25

Key Points

• The final dividend is subject to approval at the company's 38th Annual General Meeting (AGM).
• The AGM is scheduled for September 12, 2025, and will be conducted through video conferencing/other audio-visual means.
• Shareholders recorded at the end of business hours on the record date will be entitled to receive the dividend, once approved by members at the AGM.
• The dividend will be paid within the stipulated timeframe following approval.

Eligibility Criteria

Tinna Rubber and Infrastructure has clarified that the following shareholders will be eligible for the dividend:

1. Beneficial owners of dematerialized shares as per the list provided by National Securities Depository Ltd. (NSDL) and Central Depository Services (India) Ltd. (CDSL) as of the record date.
2. Members listed in the Register of Members of the Company for physical shares, as maintained by the Registrar and Transfer Agent (R&TA).

Regulatory Compliance

The company has made this announcement in compliance with Regulation 42 of the SEBI (LODR) Regulations, 2015. The information has been communicated to the BSE Limited, National Stock Exchange of India Limited, and The Calcutta Stock Exchange Limited.

Investors and shareholders are advised to take note of the record date and ensure their shareholding details are up to date with their respective depositories or the company's R&TA to avoid any issues with dividend receipt.

The management of Tinna Rubber and Infrastructure will seek shareholders' approval for this final dividend at the upcoming AGM. Shareholders are encouraged to participate in the virtual AGM to stay informed about the company's performance and exercise their voting rights on important matters, including the dividend proposal.

Tinna Rubber and Infrastructure Limited , a leading tire recycling company, reported a stable financial performance for the first quarter, with improved margins despite flat revenue.

Financial Highlights

• Revenue remained flat quarter-on-quarter at INR 131.00 crores, but declined 4% year-on-year
• EBITDA increased 19% to INR 21.00 crores, with margins improving 237 basis points to 16%
• Profit After Tax (PAT) remained flat at INR 12.00 crores, maintaining a 9% margin
• Gross margins improved 344 basis points due to lower raw material costs and operational efficiency

Segment Performance

• Industrial segment grew 15% year-on-year
• Steel segment recorded 8% year-on-year revenue growth
• Infrastructure and consumer segments faced temporary slowdown

Strategic Updates

• Successfully completed maiden QIP, raising approximately INR 79.00 crores from marquee institutional investors
• Commenced deployment of QIP funds for debt reduction, solar power expansion, and new plant for recovered carbon black
• Marked key milestone with successful NSE listing in April
• Incurred INR 13.00 crores capex in Q1, committed to INR 100.00 crores capex over two years
• Monetized INR 5.60 crores from non-core assets

Operational Highlights

• Varale plant capacity utilization increased from 30% to 57% year-on-year
• Oman plant operated at 85% capacity utilization, generating around $1.00 million in revenue
• Received allotment of 20,000 square meters of land in Saudi Arabia for new facility
• Successfully infused capital into joint venture in South Africa, commencing Phase 1 operations

Future Outlook

Gaurav Sekhri, Joint Managing Director, stated, "We are firmly on track to achieving our Vision '28, expanding our presence from 6 to 10 locations, targeting revenue CAGR of 25% to reach INR 1,000.00 crores of revenue by FY28 with a targeted EBITDA of 18% plus and ROCE exceeding 30%."

The company maintains its guidance of INR 600.00+ crores revenue and 15.5%+ EBITDA margin, targeting INR 1,000.00 crores revenue by FY28 with 18%+ EBITDA margin.

Challenges and Opportunities

The 4% year-on-year revenue decline was attributed to lower EPR (Extended Producer Responsibility) contribution of INR 4.00 crores versus INR 10.50 crores in the previous year. However, the company sees potential in increasing domestic tire procurement due to the implementation of EPR policies.

Tinna Rubber is focusing on cost reduction initiatives, including:

• Debt reduction for annual interest savings of about INR 1.50 crores
• Expanding renewable energy capacity for total savings of INR 3.00 crores annually

The company is also exploring new business opportunities, such as the polymer composites business and masterbatch business, which have shown steady growth and expansion of product portfolio.

As Tinna Rubber continues to navigate global economic headwinds and temporary slowdowns in certain segments, its diversified product portfolio, international focus, and strategic investments position the company for sustained long-term growth in the tire recycling industry.