Tolins Tyres , a leading player in the Indian tyre industry, has announced a significant expansion of its agricultural product lineup with the launch of heavy-duty tractor rear tyres. This strategic move aims to provide a comprehensive tyre solution for tractors, complementing the company's existing range of tractor trailer tyres, front tyres, and tiller tyres.

New Product Launch

The newly introduced heavy-duty tractor rear tyres are set to hit the market in late September. Tolins Tyres plans to distribute these products through its extensive network of over 1,200 dealers across India, ensuring wide availability for farmers and agricultural businesses.

Management's Perspective

Sankarakrishnan Ramalingam, Whole Time Director of Tolins Tyres, emphasized the significance of this launch, stating that it provides a comprehensive tyre solution for tractors. This move aligns with the company's strategy to strengthen its position in the agricultural vehicle segment.

Business Strategy and Revenue Shift

Currently, Tolins Tyres' revenue composition is heavily tilted towards retreading materials, which account for 60-65% of the company's income, while new tyres contribute 35-40%. However, the management has outlined an ambitious plan to rebalance this ratio:

• Target: Shift the revenue ratio to 50-50 or 45-55 in favor of new tyres over the next few years.
• Focus Areas: Agricultural vehicles, Light Commercial Vehicles, and 2/3 wheelers.

Production Capacity and Expansion

Tolins Tyres has significantly ramped up its production capabilities:

This substantial increase in production capacity was achieved through the acquisition of a Kochi plant in 2023. The company is optimistic about its growth prospects, expecting to reach 70-80% capacity utilization within two to three years, leveraging the funds raised from its recent Initial Public Offering (IPO).

IPO Success

The market has shown strong confidence in Tolins Tyres' growth strategy:

• The IPO was fully subscribed within hours of opening.
• By the end of the first day, the IPO was oversubscribed by 1.80 times.

This enthusiastic response from investors underscores the market's positive outlook on Tolins Tyres' expansion plans and its position in the agricultural and commercial vehicle tyre segment.

As Tolins Tyres gears up to launch its new heavy-duty tractor rear tyres, the company appears well-positioned to capitalize on the growing demand in the agricultural sector while diversifying its revenue streams. The success of this strategy could potentially reshape the company's market presence and financial performance in the coming years.

Tolins Tyres Limited , a prominent player in the tyre industry, has announced significant changes to its statutory auditors following a board meeting held on September 3, 2025. The company has also set the date for its 22nd Annual General Meeting (AGM), which will be conducted through video conferencing.

Change in Statutory Auditors

The board of directors approved the resignation of M/s. Krishnan Retna & Associates, the company's current statutory auditors. The resignation will be effective from the conclusion of the upcoming AGM. According to the company's statement, the decision was based on a request to appoint group auditors to streamline the audit process.

In light of this change, the board has approved the appointment of M/s. P T Joseph & Co., a Chartered Accountants firm, as the new statutory auditors. The appointment is for a term of 5 consecutive years, commencing from the conclusion of the ensuing AGM until the 27th AGM. This appointment is subject to shareholder approval at the upcoming AGM.

Profile of New Auditors

M/s. P T Joseph & Co. brings a wealth of experience to the role, with over 40 years in the field. The firm, based in Cochin, Kerala, specializes in audit, assurance, consultancy, and taxation services. They have expertise across various industries, including:

• Construction
• Real estate
• Automobile retail
• Transport and logistics
• Manufacturing
• Information technology

The firm is peer-reviewed by the Institute of Chartered Accountants of India (ICAI) and adheres to strict quality control standards. They employ qualified Chartered Accountants, experienced managers, and trained assistants, and utilize emerging technologies such as AI and data analytics to enhance audit quality and efficiency.

22nd Annual General Meeting

Tolins Tyres Limited has scheduled its 22nd AGM for September 30, 2025, at 4:30 PM IST. In line with current practices, the meeting will be held through Video Conferencing (VC) or Other Audio-Visual Means (OAVM), adhering to circulars issued by the Ministry of Corporate Affairs.

Shareholder Voting Rights

The company has set September 23, 2025, as the cut-off date for shareholders to exercise their voting rights. Eligible shareholders can cast their votes using either remote e-voting or the e-voting facility available during the AGM.

This change in auditors and the upcoming AGM mark important developments for Tolins Tyres Limited as it continues to evolve and strengthen its corporate governance practices. Shareholders and market watchers will be keen to see how these changes impact the company's financial reporting and overall performance in the coming years.