A co-executive at CEAT has expressed confidence in the company's continued growth momentum, stating that positive growth trends are expected to persist through the current quarter to ensure a strong year-end performance.

Management Outlook

The executive's statement reflects optimism about the tire manufacturer's business trajectory and suggests that current performance indicators support expectations for sustained growth. The emphasis on maintaining positive momentum through the quarter indicates management's focus on delivering consistent results.

Growth Expectations

The co-executive's comments highlight the company's commitment to achieving strong year-end results through continued positive performance in the current quarter. This outlook suggests that CEAT's operational and financial metrics are tracking favorably according to management expectations.

Strategic Focus

The statement underscores management's confidence in the company's ability to maintain its growth trajectory and finish the year on a strong note. The emphasis on quarterly performance as a driver for year-end strength indicates a focused approach to business execution and results delivery.

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.