Goodyear India Limited has issued a postal ballot notice seeking shareholder approval for a key board appointment, as disclosed under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Proposed Director Appointment

The company is seeking member approval for the appointment of Mr. Anil Kumar Singh (DIN: 11368937) as a Non-Executive Non-Independent Director for a period of five years effective January 07, 2026. Mr. Singh was initially appointed as an Additional Director on January 07, 2026, and will be liable to retire by rotation.

E-Voting Schedule and Process

The company has engaged National Securities Depository Limited (NSDL) to facilitate the remote e-voting process for shareholders.

The postal ballot notice is being sent only through electronic mode to members whose email addresses are registered with the company or depositories and whose names appear in the Register of Members as on the cut-off date.

Director Profile and Experience

Mr. Anil Kumar Singh brings extensive global finance experience to the board. Key highlights of his professional background include:

• Experience: Over 35 years of broad business experience with global exposure across the United States and Asia Pacific (China, Singapore, Japan, Australia & Fiji)
• Current Role: VP Finance for Goodyear Asia Pacific based in China
• Previous Positions: Senior leadership roles with Tyco International Group companies including Regional Chief Finance Officer for Tyco Fire & Security – Asia Pacific, Global Controller for Tyco Safety Products, and Senior Audit Director with PricewaterhouseCoopers (PwC)
• Qualifications: Chartered Accountant and Bachelor of Arts degree (Major in Accounting) from University of South Pacific
• Other Directorships: Recently appointed as Director on the Board of Goodyear Technology Center India Pvt. Ltd.

Compliance and Regulatory Framework

The appointment follows all statutory requirements under the Companies Act, 2013, and SEBI regulations. The company has received:

• Notice from a member under Section 160 of the Companies Act proposing Mr. Singh's candidature
• Consent from Mr. Singh to act as Non-Executive Non-Independent Director
• All necessary statutory disclosures and declarations
• Confirmation that he is not disqualified under Section 164 of the Act

Scrutinizer and Result Declaration

APAC & Associates LLP, Company Secretaries, represented by Mr. Chetan Gupta (COP No. 7077), has been appointed as the Scrutinizer for conducting the postal ballot process. The results will be declared within 48 hours of the e-voting conclusion and will be available on the company's website at www.goodyear.co.in/investor-relations and NSDL's website at www.evoting.nsdl.com .

Voting rights will be proportionate to shares held by members in the paid-up equity share capital as on the cut-off date. The resolution requires approval by ordinary resolution, and if passed, will be deemed effective from the last date of e-voting.

Goodyear India demonstrated exceptional profitability growth in its third quarter results, with net profit registering a remarkable 159% year-over-year increase and EBITDA performance showing significant improvement. The tire manufacturer's bottom-line performance showcased substantial enhancement in operational efficiency and margin expansion despite facing revenue headwinds during the period.

Financial Performance Overview

The company's Q3 financial metrics present strong profitability gains alongside revenue challenges:

Profitability and Margin Expansion

The standout performance came from the company's net profit, which more than doubled to reach ₹246 million compared to ₹95 million in the corresponding quarter of the previous year. Additionally, EBITDA showed robust growth of 77%, rising to ₹422 million from ₹238 million year-over-year. The EBITDA margin expanded significantly to 6.95% from 3.77%, representing an improvement of 318 basis points.

Revenue Performance

While profitability metrics showed exceptional growth, revenue experienced a decline during the quarter. The company reported revenue of ₹6.10 billion, representing a decrease from ₹6.32 billion recorded in the same quarter last year. This 3.5% year-over-year decline in revenue highlights the challenging market conditions faced by the tire industry.

Operational Excellence

The contrasting trends between strong profit growth and revenue decline demonstrate that Goodyear India has successfully enhanced its operational efficiency and cost management capabilities. The substantial improvement in EBITDA margin from 3.77% to 6.95% indicates effective cost optimization and productivity enhancements. This performance reflects strong management execution in navigating market challenges while maintaining a sharp focus on profitability and margin expansion.