Goodyear India Limited , a prominent player in the Indian tire industry, has successfully concluded its postal ballot process with shareholders approving both critical resolutions that will shape the company's leadership and financial structure.

Postal Ballot Results Overview

The voting results, announced on December 24, 2025, showed overwhelming shareholder support for both proposed resolutions. The remote e-voting process was conducted from November 24, 2025, to December 23, 2025, through the National Securities Depository Limited (NSDL) platform.

Appointment of New Independent Director Approved

Shareholders overwhelmingly approved the appointment of Mr. Gajanan Vithal Gandhe (DIN: 02023395) as an Independent Non-Executive Director. The resolution received strong support across all categories of shareholders, with promoter and promoter group voting 100% in favor.

Key Details of the Approved Appointment:

Mr. Gandhe brings extensive expertise in strategic initiatives, e-mobility strategy, and operational scaling, along with an Advanced Management Program certification from Harvard Business School.

Additional Remuneration for CFO Sanctioned

The second resolution approving additional remuneration of ₹6,34,774 for Mr. Sandeep Garg (DIN: 10360979), Whole Time Director and Chief Financial Officer, also received strong shareholder support. This amount represents reimbursement for notice period payout made to his previous employer.

Voting Results Summary:

Corporate Governance and Compliance

The postal ballot process was conducted under Regulation 30 and 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. Chetan Gupta of APAC Associates LLP served as the scrutinizer for the voting process, ensuring transparency and compliance with regulatory requirements.

The company's commitment to transparent corporate governance was evident in the comprehensive voting process, with detailed results made available on both the company's website and NSDL's e-voting platform.

Strategic Implications

With these approvals, Goodyear India strengthens its board composition with industry expertise crucial for navigating the evolving automotive landscape, particularly in e-mobility. The resolution of Mr. Garg's compensation package also addresses previous administrative oversight, ensuring fair remuneration practices.

The strong shareholder support demonstrates confidence in the company's leadership decisions and strategic direction as it continues to compete in India's dynamic tire industry.

Goodyear India Limited , a leading player in the automotive tyre industry, has announced significant changes to its board composition along with the release of its financial results for the quarter and half-year ended September 30, 2025. The company's board meeting, held on November 6, 2025, addressed key organizational changes and financial performance.

Board Restructuring

Goodyear India is set to undergo notable changes in its leadership structure:

Ms. Varsha Chaudhary Jain has tendered her resignation as Whole Time Director and Head Legal & Compliance, citing personal reasons. She will also step down from her role as a Key Managerial Personnel. Concurrently, Mr. Rajiv Lochan Jain's second tenure as an Independent Non-Executive Director will conclude.

The board has approved the appointment of Mr. Gajanan Vithal Gandhe as an Independent Non-Executive Director for a five-year term, subject to shareholder approval through a postal ballot. Mr. Gandhe brings over 35 years of experience in the global automotive and mobility sector, with a strong background in business transformation and cross-border team leadership.

Financial Performance

Goodyear India's financial results for Q2 FY2026 reflect the following key metrics:

The company experienced a decline in revenue and profitability compared to the same quarter in the previous fiscal year. The revenue from operations decreased by 9.93%, while the profit after tax saw a reduction of 16.96%.

Operational Highlights

• The cost of materials consumed decreased to ₹20,699.00 lakhs in Q2 FY2026 from ₹28,077.00 lakhs in Q2 FY2025, indicating potential improvements in cost management or changes in raw material prices.
• Employee benefits expense saw a slight increase to ₹5,125.00 lakhs from ₹4,963.00 lakhs in the corresponding quarter of the previous year.
• The company maintains a strong cash position with cash and cash equivalents of ₹17,244.00 lakhs as of September 30, 2025.

Corporate Governance Update

Effective January 1, 2026, Goodyear India has authorized new Key Managerial Personnel for determining materiality of events and making disclosures to the stock exchange:

1. Mr. Arvind Bhandari, Chairman and Managing Director
2. Mr. Sandeep Garg, Whole Time Director & CFO
3. Mr. Anup Karnwal, Company Secretary and Compliance Officer

These changes align with the company's commitment to maintaining robust corporate governance practices and ensuring timely and accurate disclosures to stakeholders.

Goodyear India continues to navigate the challenges in the automotive sector, focusing on operational efficiency and strategic leadership to maintain its market position. The upcoming board changes may bring fresh perspectives to guide the company through the evolving market landscape.