CEAT Limited has announced its board approval for an investment of up to ₹361.00 lakhs in its wholly owned subsidiary Tyresnmore Online Private Limited. The investment will be made through subscription in a rights issue of equity shares, as disclosed under Regulation 30 and 51 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Investment Structure and Details

The approved investment involves the acquisition of 29,575 equity shares of Tyresnmore Online Private Limited, each with a face value of Re.1/- fully paid up. The transaction will be executed through cash consideration via remittance through normal banking channels.

About Tyresnmore Online Private Limited

Tyresnmore Online Private Limited is a private company incorporated on June 2, 2014, with its registered office in New Delhi, India. The subsidiary operates in the auto ancillary sector, primarily engaged in selling automotive tyres, batteries, and providing ancillary automotive services including installation, fitting, wheel balancing, and wheel alignment for automotive tyres.

Financial Performance Track Record

The subsidiary has demonstrated consistent growth over the past three fiscal years:

Shareholding and Regulatory Compliance

Following this proposed investment, CEAT Limited will maintain its 100% shareholding in Tyresnmore Online Private Limited. The transaction falls under the purview of related party transactions as per Section 177 of the Companies Act, 2013 and Regulation 23 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key regulatory aspects include:

• The transaction is conducted at arm's length
• No governmental or regulatory approvals are required for the acquisition
• Promoter/promoter group/group companies of CEAT Limited have no interest in Tyresnmore except for it being a wholly owned subsidiary

Strategic Impact

The investment represents CEAT's continued commitment to strengthening its wholly owned subsidiary operations in the automotive aftermarket segment. As Tyresnmore operates in the auto ancillary business focusing on tyre sales and related services, this investment aligns with CEAT's core business operations in the tyre manufacturing sector.

The company has confirmed that the investment details will be made available on its official website at www.ceat.com , ensuring transparency and compliance with disclosure requirements.

CEAT has announced ambitious expansion plans with a significant investment in its Chennai manufacturing facility. The tyre manufacturer is set to strengthen its production capabilities through strategic capacity enhancement initiatives.

Major Investment in Chennai Facility

The company has outlined plans to invest ₹1,314 crores in its Chennai manufacturing facility. This substantial investment represents a major commitment to expanding the company's manufacturing footprint and production capabilities.

Production Capacity Enhancement

As part of this expansion initiative, CEAT plans to increase its annual tyre production capacity by 3.5 million units. This capacity addition is expected to significantly boost the company's manufacturing output and market supply capabilities.

Strategic Growth Initiative

This investment initiative reflects CEAT's commitment to expanding its manufacturing capabilities and strengthening its position in the tyre industry. The Chennai facility expansion is positioned to enhance the company's production efficiency and market reach through increased manufacturing capacity.