JK Tyre & Industries Limited , one of India's leading tyre manufacturers, has announced its unaudited financial results for the quarter ended June 30. The company reported a robust performance with significant growth in sales and profitability.

Key Financial Highlights

Strong Performance

JK Tyre & Industries Limited reported a consolidated profit after tax of ₹155.00 crores for the quarter, representing a significant 51% increase compared to the previous quarter. The company achieved an 11% year-on-year sales growth, driven by steady demand in both replacement and original equipment segments.

Domestic and Export Growth

The growth momentum in domestic markets remained robust, with JK Tyre clocking a sales growth of 11% year-on-year. This growth was contributed by steady demand for the company's products in both replacement and OE segments. Despite challenging macroeconomic conditions, the company witnessed strong traction in exports of passenger car tyres.

Subsidiary Performance

Both of JK Tyre's subsidiaries, Cavendish (India) and Tornel (Mexico), continued to contribute significantly to the overall financial performance of the company.

Standalone Performance

On a standalone basis, the company reported revenue from operations of ₹2,877.00 crores and profit after tax of ₹143.00 crores.

Global Position

JK Tyre maintains its position among the top 20 global tyre manufacturers with 11 manufacturing facilities across India and Mexico.

With its strong financial performance and strategic growth initiatives, JK Tyre & Industries Limited continues to strengthen its position in the Indian and global tyre markets.

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.