JK Tyre & Industries Ltd's board of directors has approved a strategic investment of ₹5.04 crore to acquire a minimum 26% equity stake in Sunpulse Power Private Ltd, a solar energy company. The decision was taken during the board meeting held on March 5, 2026, as part of the company's efforts to meet regulatory requirements for captive power consumption.

Investment Details

The acquisition involves a cash consideration of ₹5.04 crore for acquiring minimum 26% equity shares of Sunpulse Power Private Ltd (SPPL). The board has authorized the signing of Share Transfer and Shareholders Agreement for this strategic investment.

About Sunpulse Power Private Ltd

Sunpulse Power Private Ltd is engaged in power generation using solar energy. The company was incorporated on July 27, 2025, and operates as a wholly owned subsidiary of Oriana Power Limited. SPPL's registered office is located at 45D, Pocket-F, GTB Enclave, Dilshad Garden, North East Delhi, Delhi-110093.

Strategic Rationale

The acquisition is primarily driven by regulatory compliance requirements. JK Tyre & Industries will acquire and maintain the minimum 26% stake in SPPL throughout the term of various agreements including:

• Power Purchase Agreement
• Share Transfer Agreement
• Shareholders Agreement

This investment aligns with the company's need to comply with captive power consumption requirements under Indian Electricity laws. The transaction does not fall within related party transactions, and no promoter or group companies have any interest in the entity being acquired.

Transaction Structure

The deal structure is straightforward with cash consideration and no complex regulatory hurdles. The acquisition is expected to be completed within 90 days from the board approval date. No governmental or regulatory approvals are required for this transaction, which should facilitate a smooth completion process.

The board meeting concluded at 5:30 PM on March 5, 2026, with Company Secretary Kamal Kumar Manik signing the disclosure documents. This investment represents JK Tyre's strategic move into renewable energy partnerships to ensure sustainable power supply for its operations.

JK Tyre & Industries Ltd has received an improved Environmental, Social and Governance (ESG) rating from SES ESG Research Private Limited, marking a positive development in the company's sustainability assessment. The disclosure was made under regulatory compliance requirements on 10th February 2026.

ESG Rating Details

SES ESG Research Private Limited, a SEBI registered ESG Rating Provider, has independently assigned an ESG rating of 69.8 to JK Tyre & Industries Ltd. The rating was communicated to the company via email dated 9th February 2026.

Independent Assessment Process

The company emphasized that it did not engage SES ESG Research Private Limited for this ESG rating assessment. The rating provider independently prepared the report based on data pertaining to FY 2024-25 available in the public domain. This independent evaluation approach demonstrates the objective nature of the assessment process.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary Kamal Kumar Manik signed the regulatory filing, ensuring compliance with stock exchange notification requirements for both BSE and NSE.

Rating Significance

The improvement from 69.3 to 69.8 reflects enhanced performance in environmental, social, and governance parameters. ESG ratings have become increasingly important for companies as investors and stakeholders place greater emphasis on sustainable business practices and corporate responsibility measures.