Eastern Treads Reports Net Loss of Rs 67.49 Lakhs in Q2 FY2026

Eastern Treads Limited, a company listed on the Bombay Stock Exchange (BSE: 531346), has reported its financial results for the quarter ended September 30, 2025. The company's performance shows significant challenges in the second quarter of the fiscal year 2025-26.

Financial Highlights

Metric	Q2 FY2026 Amount (in Lakhs)
Net Loss	67.49
Total Comprehensive Loss	72.22
Accumulated Losses	1,892.23
Basic and Diluted Loss per Equity Share	1.02

Key Points

Net Loss: Eastern Treads Limited reported a net loss of Rs 67.49 lakhs for the quarter ended September 30, 2025.
Comprehensive Loss: The total comprehensive loss for the period stood at Rs 72.22 lakhs.
Accumulated Losses: The company's accumulated losses have reached Rs 1,892.23 lakhs.
Net Worth Erosion: The financial results indicate that the company's net worth has eroded.
Management Outlook: The management expects to recover the carrying amount of assets and discharge liabilities based on business forecasts and fund flow projections.

Corporate Governance

The unaudited financial results were approved by the Board of Directors at their meeting held on November 10, 2025.
The Audit Committee reviewed the results before board approval.
G. Joseph Associates, the statutory auditors, provided a limited review report on the financial results.

Investor Information

The company's scrip code on BSE is 531346, with the scrip ID as EASTRED.
The Board meeting commenced at 12:05 PM and concluded at 02:15 PM on the day of result announcement.

While the financial results show significant challenges for Eastern Treads Limited, the management's expectation of recovery provides a perspective on the company's future outlook. Investors and stakeholders may want to monitor the company's performance in the coming quarters to assess its ability to improve its financial position and operational efficiency.

Note: All financial figures are based on standalone unaudited results for the quarter ended September 30, 2025.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.85%	-2.19%	+0.97%	-13.08%	-27.64%	-6.74%

Eastern Treads Limited , a prominent player in the tyre retreading industry, has announced significant changes to its board composition following shareholder approval at its 32nd Annual General Meeting (AGM) held on September 25, 2025.

Board Reappointments and New Additions

The company has made several key appointments and reappointments to strengthen its leadership team:

Mr. Navas Meeran has been re-appointed as a Director following his retirement by rotation. Mr. Meeran, who serves as the Chairman of the Meeran Group of Companies, brings over 33 years of experience in the tyre retreading industry to the board.
Dr. Siby Varghese has been appointed as an Independent Director for a five-year term, effective from August 14, 2025. Dr. Varghese, with a Ph.D. in Polymer Chemistry, brings extensive rubber industry expertise to the company.
Mr. Devarajan Krishnan has been appointed as a Director and subsequently as a Whole Time Director for a three-year term, also effective from August 14, 2025. Mr. Krishnan, a Chartered Accountant since 1993, currently serves as both the Chief Financial Officer and Chief Executive Officer of the company.

Expertise and Experience

The newly constituted board brings a wealth of experience and expertise to Eastern Treads Limited:

Mr. Navas Meeran, with his 33 years in the tyre retreading industry, has been instrumental in the company's global expansion. He is also the past Chairman of the Confederation of Indian Industry (CII), Southern Region.
Dr. Siby Varghese boasts an impressive academic background with over 120 international journal publications and 600+ conference papers in rubber technology. His expertise includes consultancy work supporting over 300 MSME products.
Mr. Devarajan Krishnan brings over 30 years of corporate experience across various sectors, including manufacturing, shipping services, and IT development industries. His expertise spans corporate finance, financial planning, and regulatory compliance.

Shareholder Approval and Compliance

These board changes were approved by the shareholders at the AGM, demonstrating strong support for the company's leadership direction. The appointments comply with the provisions of the Companies Act, 2013, and SEBI regulations, ensuring proper corporate governance.

Eastern Treads Limited's strategic board restructuring aims to leverage the diverse expertise of its directors to drive growth and innovation in the tyre retreading sector. With a mix of industry veterans and financial experts, the company is well-positioned to navigate the challenges and opportunities in the evolving market landscape.

The company's commitment to transparency is evident in its prompt disclosure of these changes to the stock exchanges, in line with regulatory requirements. As Eastern Treads Limited embarks on this new phase of leadership, stakeholders will be keenly watching how these changes translate into business performance and shareholder value creation.