STEL Holdings Limited has announced the acquisition of 14,880 fully paid-up equity shares of CEAT Limited, valued at approximately ₹5 crores. The transaction was executed through market purchase on the stock exchanges at prevailing market prices, with the company receiving contract note confirmation on March 6, 2026.

Transaction Details

The acquisition represents a strategic investment by STEL Holdings in CEAT Limited, a leading tyre manufacturing company. The shares were purchased at approximately ₹3,351.05 per share, excluding brokerage and other applicable taxes and charges.

Company Relationship and Business Rationale

STEL Holdings Limited operates as an unregistered Core Investment Company and is a member of the promoter group of CEAT Limited. The company was already an existing shareholder, holding 3.71% of CEAT's shares prior to this acquisition. This transaction was conducted in the ordinary course of business and does not constitute a related party transaction since it was executed through market purchases at stock exchanges.

About CEAT Limited

CEAT Limited stands as one of India's leading tyre brands with a robust international presence spanning over 110 countries. Headquartered in Mumbai, the company serves as a flagship entity of the RPG Group, incorporated on March 10, 1958.

Financial Performance

CEAT Limited has demonstrated consistent growth in its consolidated revenue from operations over the past three years:

Business Operations

CEAT Limited provides world-class products across multiple automotive segments:

• Passenger and Utility Vehicles
• Two and Three-wheelers
• Commercial Vehicles
• Off-Highway Vehicles
• Automotive Tyres, Tracks, Tubes and Flaps

Regulatory Compliance

The acquisition disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. No governmental or regulatory approvals were required for this market-based acquisition. The transaction was completed through cash consideration, with all necessary documentation and compliance requirements fulfilled as per SEBI guidelines.

STEL Holdings Limited announced its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, demonstrating remarkable growth across key financial metrics. The Board of Directors approved these results at their meeting held on January 28, 2026.

Financial Performance Highlights

The company delivered exceptional performance in Q3FY26 with substantial year-over-year growth. Revenue from operations surged dramatically, while profitability showed significant improvement across all reporting periods.

Nine Months Performance

For the nine months ended December 31, 2025, STEL Holdings maintained strong momentum with revenue from operations reaching Rs 2,647.46 lacs compared to Rs 846.85 lacs in the corresponding previous period. Net profit for the nine-month period stood at Rs 2,536.01 lacs versus Rs 589.97 lacs in the previous year.

Operational Efficiency

The company maintained lean operational expenses during Q3FY26, with total expenditure of Rs 15.02 lacs compared to Rs 17.15 lacs in Q3FY25. Employee benefits expense decreased to Rs 3.98 lacs from Rs 4.44 lacs, while other expenses reduced to Rs 9.98 lacs from Rs 11.45 lacs in the corresponding previous quarter.

Leadership Changes

The Board approved significant changes in key management personnel. Ms. Lakshmi P.S., the outgoing Company Secretary and Compliance Officer, will step down effective February 28, 2026. Ms. Sruthi Sindhu has been appointed as the new Company Secretary and Compliance Officer effective March 01, 2026.

Business Profile

STEL Holdings operates as a Core Investment Company, generating income through dividends, interest, and gains on investments. The company's business activities fall within a single segment, with no separate reportable segments. As of December 31, 2025, the company maintains Doon Dooars Plantations Ltd as its wholly owned subsidiary.

Consolidated Results

The consolidated financial results showed similar strong performance, with revenue from operations of Rs 1,693.77 lacs in Q3FY26 and net profit of Rs 447.01 lacs. For the nine months ended December 31, 2025, consolidated revenue reached Rs 2,647.46 lacs with net profit of Rs 693.25 lacs.