JK Tyre & Industries Ltd , a leading tyre manufacturer, has reported its highest ever quarterly revenue of Rs 3,764.00 crore for the quarter ended September 30, 2022. This remarkable achievement represents a substantial 26% year-on-year increase, highlighting the company's strong performance in a challenging market environment.

Financial Highlights

The company's revenue saw a 26% year-on-year increase, while the consolidated profit after tax decreased from Rs 64.90 crore in the previous quarter.

Strong Performance Across Segments

JK Tyre demonstrated robust growth in domestic volumes across both commercial and passenger tyre segments. The company benefited from improved OEM (Original Equipment Manufacturer) offtake, which can be attributed to two key factors:

1. Easing of semiconductor supplies
2. Increased demand during the festive season

Export Performance

Despite challenging global conditions, JK Tyre's export revenues continued to contribute significantly to its overall performance. This resilience in international markets underscores the company's strong global presence and diversified revenue streams.

Subsidiary Contributions

The company's growth was further bolstered by the positive performance of its subsidiaries:

• Cavendish Industries Ltd
• JK Tornel Mexico

Both subsidiaries played a crucial role in contributing to JK Tyre's overall growth during the quarter.

Global Footprint

JK Tyre & Industries Ltd maintains a strong global presence with:

• 12 manufacturing facilities worldwide
• Annual production capacity of approximately 33 million tyres
• Market presence in over 100 countries

This extensive manufacturing network and global reach position JK Tyre as a significant player in the international tyre market.

The company's record-breaking quarterly revenue and strong performance across various segments demonstrate its resilience and ability to capitalize on market opportunities. Despite a slight decrease in consolidated profit after tax compared to the previous quarter, JK Tyre's overall growth trajectory and global expansion efforts indicate a positive outlook for the company in the competitive tyre industry.

JK Tyre & Industries Limited (JK Tyre) has received resounding approval from both its unsecured creditors and equity shareholders for the proposed amalgamation with Cavendish Industries Limited. The voting, conducted through remote e-voting and physical meetings on September 3, 2025, saw overwhelming support for the scheme of amalgamation.

Unsecured Creditors' Approval

The unsecured creditors of JK Tyre demonstrated unanimous support for the resolution. A total of 271 creditors, representing outstanding dues of Rs. 1,382.98 crore, voted in favor of the amalgamation scheme. This unanimous approval underscores the creditors' confidence in the proposed merger and its potential benefits for the company.

Equity Shareholders' Endorsement

The equity shareholders also showed strong support for the amalgamation. Out of the total votes cast:

• 99.99% of the votes were in favor of the resolution
• 20,39,14,483 shares voted for the amalgamation
• Only 2,411 shares voted against the proposal

The voting saw participation from various categories of shareholders:

Significance of the Approval

The overwhelming support from both unsecured creditors and equity shareholders is a crucial step forward in JK Tyre's strategic move to amalgamate with Cavendish Industries Limited. This merger is expected to streamline operations, enhance synergies, and potentially improve the company's market position in the tyre industry.

Regulatory Compliance and Next Steps

The voting process was conducted in compliance with the directions of the National Company Law Tribunal (NCLT), Jaipur Bench, under the supervision of Justice Vijender Jain, the appointed Chairperson for the meetings. The company will now proceed with seeking final approval from the NCLT and other regulatory authorities to complete the amalgamation process.

JK Tyre's management expressed satisfaction with the outcome, viewing it as a strong vote of confidence in the company's strategic direction. The amalgamation, once completed, is expected to create value for all stakeholders and strengthen JK Tyre's position in the competitive tyre market.

As the company moves forward with the amalgamation process, investors and industry observers will be keenly watching for the potential impacts on JK Tyre's market presence, operational efficiencies, and financial performance in the coming quarters.