CEAT Limited has announced the incorporation of a wholly owned subsidiary in the United Kingdom, marking a significant step in the company's international expansion strategy. The Mumbai-based tyre manufacturer informed the stock exchanges about the establishment of CEAT INTERNATIONAL UK LIMITED on January 12, 2026.

Subsidiary Details and Capital Structure

The newly incorporated entity has been set up with a specific capital framework designed to support its operations in the UK market.

Business Focus and Industry Alignment

The subsidiary will operate in the automotive sector, specifically focusing on tyres, tubes, tracks, flaps and other ancillary products and activities. This business scope directly aligns with CEAT Limited's core operations and expertise in the automotive tyre manufacturing industry.

Regulatory Compliance and Related Party Status

CEAT Limited has confirmed that the wholly owned subsidiary constitutes a related party transaction under applicable regulations. However, the company clarified that promoter groups and group companies do not have any additional interest in the entity beyond its status as a wholly owned subsidiary.

The incorporation follows the company's earlier intimation dated December 23, 2025, and complies with Regulations 30 and 51 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Stock Exchange Communication

The company formally notified both major Indian stock exchanges about this development:

Company Secretary Gaurav Tongia signed the official communication, ensuring proper documentation and regulatory compliance for this corporate development. The establishment of CEAT INTERNATIONAL UK LIMITED represents the company's continued focus on expanding its international presence in key automotive markets.

CEAT Limited has announced updated credit ratings from CARE Ratings and Research (CARE) across its various financial instruments, demonstrating the company's maintained creditworthiness in the market. The tire manufacturer communicated these developments to stock exchanges on January 8, 2026, in compliance with regulatory disclosure requirements.

Credit Rating Details

CARE Ratings provided comprehensive ratings across CEAT's debt instruments and banking facilities. The rating agency's assessment covers both short-term and long-term financial instruments, reflecting the company's overall credit profile.

Key Rating Highlights

The rating update reveals several important aspects of CEAT's financial position. The commercial paper rating of CARE A1+ was specifically reaffirmed, indicating continued confidence in the company's short-term debt servicing capabilities. This rating applies to commercial paper worth ₹1,000 crores.

For longer-term instruments, CARE maintained its AA rating with a positive outlook on both non-convertible debentures and long-term bank facilities. The non-convertible debentures carry a total value of ₹500 crores under this rating category.

Banking Facility Adjustments

Notable changes occurred in the company's banking facility limits during this rating exercise. Long-term bank facilities were reduced from ₹1,469 crores to ₹1,406 crores, representing a decrease of ₹63 crores. Conversely, short-term bank facilities saw an enhancement from ₹1,795 crores to ₹1,920 crores, an increase of ₹125 crores.

Both categories of bank facilities maintained their respective ratings - CARE AA/Positive for long-term facilities and CARE A1+ for short-term facilities. This adjustment in facility limits suggests strategic financial management aligned with the company's operational requirements.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 and 55 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary Gaurav Tongia signed the communication digitally, ensuring proper corporate governance protocols were followed in the announcement to both BSE and NSE.