CEAT Limited Shareholders Approve Director Appointments with Overwhelming Support

CEAT Limited , a leading tyre manufacturer, has successfully concluded its postal ballot process with shareholders overwhelmingly approving the appointment of two directors to its board. The voting results, declared on December 19, 2025, show strong support for both proposed appointments with detailed scrutinizer reports confirming the validity of the process.

Official Voting Results and Regulatory Compliance

The postal ballot, conducted exclusively through remote e-voting from November 19 to December 18, 2025, resulted in the passage of both resolutions with significant majority support. The company has disclosed the results under Regulation 30 and 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resolution Details	Votes in Favor	Votes Against	Approval Rate
Apurva Chandra (Special Resolution)	99.45%	0.55%	Passed
Paras K. Chowdhary (Ordinary Resolution)	96.47%	3.53%	Passed

The scrutinizer's report, prepared by Mitesh Dhabliwala of Parikh Associates (FCS: 8331), confirmed the validity of the voting process and results. All shareholders whose names appeared in the Register of Members as of the cut-off date of November 12, 2025, were entitled to participate in the voting process.

Appointment of Mr. Apurva Chandra

Mr. Apurva Chandra (DIN: 02531655) has been approved as a Non-Executive Independent Director for a term of five years, from October 17, 2025, to October 16, 2030. The retired Indian Administrative Service officer brings over 36 years of experience in public administration and policy formulation.

Director Profile	Details
Position	Non-Executive Independent Director
Term Duration	5 years (Oct 17, 2025 - Oct 16, 2030)
Experience	36+ years in public administration
Educational Background	Master's in Structural Engineering, IIT Delhi
Specialization	Petroleum, Natural Gas, Defence acquisitions

Reappointment of Mr. Paras K. Chowdhary

Mr. Paras K. Chowdhary (DIN: 00076807) has been approved as a Non-Executive Non-Independent Director, marking his return to the CEAT board. With over 38 years of experience in the tyre industry, Mr. Chowdhary previously served as Managing Director from 2001 to 2012.

Director Profile	Details
Position	Non-Executive Non-Independent Director
Industry Experience	38+ years in senior management
Previous Role at CEAT	Managing Director (2001-2012)
Educational Background	Bachelor's degree in Physics (Hons.)
Industry Recognition	Foremost expert in Indian tyre industry

Voting Process and Shareholder Participation

The company conducted the postal ballot exclusively through remote e-voting, utilizing the platform provided by National Securities Depository Limited (NSDL). The voting process was overseen by Company Secretary Gaurav Tongia, ensuring compliance with all regulatory requirements.

Process Details	Information
Voting Platform	NSDL e-voting system
Voting Period	Nov 19 - Dec 18, 2025
Cut-off Date	November 12, 2025
Scrutinizer	Mitesh Dhabliwala, Parikh Associates
Declaration Date	December 19, 2025

The comprehensive voting results have been uploaded on the company's website and NSDL's e-voting platform, ensuring transparency in the corporate governance process. The appointments are expected to strengthen CEAT's board with valuable expertise and industry insights to guide the company's future strategic direction.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	+2.83%	+3.11%	+12.29%	+29.25%	+269.00%

CEAT Limited , a prominent player in the auto ancillary sector, has announced a strategic investment in its wholly-owned subsidiary, Tyresnmore Online Private Limited. The company has approved an investment of up to ₹340 lakhs through a subscription in a rights issue of equity shares of Tyresnmore.

Investment Details

Investment Amount: Up to ₹340 lakhs
Shares to be Acquired: 27,855 equity shares
Face Value: ₹1 per share
Mode of Payment: Cash consideration via normal banking channels
Expected Allotment Date: By November 24, 2025

About Tyresnmore Online Private Limited

Tyresnmore, incorporated on June 2, 2014, is engaged in the business of selling automotive tyres, batteries, and accessories. The company also provides installation and wheel alignment services. Here's a snapshot of Tyresnmore's financial performance over the past three fiscal years:

Fiscal Year	Turnover (in ₹ Lakhs)
2022-23	1,481.15
2023-24	2,558.64
2024-25	3,225.73

Impact of the Investment

CEAT's shareholding in Tyresnmore will remain at 100% post this investment.
The investment falls under the purview of related party transactions but is being conducted at arm's length.
No governmental or regulatory approvals are required for this acquisition.

Strategic Implications

This investment by CEAT Limited in its subsidiary demonstrates the company's commitment to strengthening its presence in the automotive aftermarket sector. By injecting additional capital into Tyresnmore, CEAT aims to support the growth and expansion of its digital-first subsidiary, which has shown consistent revenue growth over the past three years.

The move aligns with the broader trend in the auto ancillary industry, where companies are focusing on enhancing their digital capabilities and direct-to-consumer channels. As the automotive sector continues to evolve, investments in specialized subsidiaries like Tyresnmore could provide CEAT with a competitive edge in the rapidly changing market landscape.

Investors and industry observers will likely keep a close watch on how this investment translates into future growth and market positioning for both CEAT Limited and Tyresnmore Online Private Limited.