CEAT Limited has announced a senior management change with the resignation of Mr. Somraj Roy, Senior Vice President – Human Resources, effective January 14, 2026. The company disclosed this development to stock exchanges in compliance with regulatory requirements under SEBI listing obligations.

Resignation Details

The resignation becomes effective from close of business hours on January 14, 2026, marking the end of Mr. Roy's tenure as a Senior Management Personnel at CEAT Limited. The company has formally communicated this change to both BSE Limited and National Stock Exchange of India Limited as required under regulations.

Regulatory Compliance

CEAT Limited has made the disclosure pursuant to Regulation 30 and 51 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was made to ensure compliance with all applicable provisions regarding changes in senior management personnel.

The formal communication was addressed to both major stock exchanges where CEAT shares are listed, with the company trading under security code 500878 on BSE and symbol CEATLTD on NSE.

Resignation Letter Highlights

In his resignation letter dated January 7, 2026, addressed to Managing Director & CEO Arnab Banerjee, Mr. Roy expressed his intention to pursue opportunities within the Group. He conveyed sincere gratitude to all colleagues for the guidance, support, and opportunities extended during his tenure at CEAT Limited.

The outgoing Senior Vice President acknowledged the valuable experience gained during his association with the organization and thanked the company for the professional growth opportunities provided during his service period.

Corporate Communication

The disclosure was signed by Company Secretary Gaurav Tongia on behalf of CEAT Limited, ensuring proper corporate governance protocols were followed. The company has requested both stock exchanges to take the resignation disclosure on record as part of standard regulatory procedures.

CEAT Limited has announced a significant investment in renewable energy infrastructure, committing up to ₹32.33 crores to develop approximately 59 MW hybrid wind-solar projects across Gujarat and Tamil Nadu. The Finance and Banking Committee of the Board of Directors approved this strategic initiative on January 14, 2026, marking a substantial step toward the company's sustainability objectives.

Investment Structure and Partnership Details

The tyre manufacturer has entered into Share Purchase Agreements with Clean Max Como Private Limited and Clean Max Emerald Private Limited, both Special Purpose Vehicles (SPVs) created for these renewable energy projects. CEAT will acquire up to 26% paid-up equity share capital in each SPV, working alongside Clean Max Enviro Energy Solutions Limited as the promoter shareholder.

Project Specifications and Expected Outcomes

The hybrid wind-solar projects are strategically designed to serve CEAT's key manufacturing facilities under a group captive model. The complementary generation profiles of wind and solar technologies are expected to ensure consistent energy output and higher plant load factor, enhancing grid stability for energy-intensive manufacturing operations.

Strategic Impact and Sustainability Goals

According to Roopesh R., Senior Vice President - Procurement at CEAT, this partnership strengthens the company's renewable energy footprint while advancing sustainability initiatives. The projects align with CEAT's existing efforts in green sourcing, sustainable transportation, biodegradable packaging, and sustainable manufacturing practices.

Kuldeep Jain, Managing Director of Clean Max Enviro Energy Solutions Limited, emphasized the collaboration's role in supporting CEAT's decarbonisation objectives across key manufacturing hubs. The partnership demonstrates how structured collaborations can accelerate renewable energy adoption in large-scale manufacturing.

Company Background and Market Position

Both SPVs are newly incorporated entities focused on developing, operating, and maintaining captive power generation projects. Clean Max Como Private Limited was incorporated on June 6, 2025, while Clean Max Emerald Private Limited was established on May 30, 2025, both in Mumbai. Neither entity has recorded any business turnover as they are dedicated to these specific renewable energy projects.

The investment is expected to enhance CEAT's energy security, improve operational efficiency, and contribute to significant annual carbon emission reductions, supporting the company's long-term journey toward net-zero operations. The projects comply with regulatory requirements related to captive power norms under the Electricity Act and relevant state electricity regulatory commissions.