Goodyear India Limited , a prominent player in the Indian tire industry, has announced significant corporate governance moves requiring shareholder approval. The company has issued a postal ballot notice for two critical resolutions that could shape its leadership and financial structure.

Appointment of New Independent Director

The first resolution proposes the appointment of Mr. Gajanan Vithal Gandhe as an Independent Non-Executive Director for a five-year term, commencing January 1, 2026. 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.

Key Details of the Proposed Appointment:

• Term: Five consecutive years (January 1, 2026 to December 31, 2030)
• Background: Currently Country Head and Vice President of Dana Incorporated India
• Expertise: Strategic initiatives, e-mobility strategy, and operational scaling
• Education: B.Tech from IIT Bombay, M.S. from Virginia Tech, MBA from Oakland University, and Advanced Management Program from Harvard Business School

Additional Remuneration for Whole Time Director

The second resolution seeks approval for a one-time additional remuneration of ₹6,34,774.00 for Mr. Sandeep Garg, the Whole Time Director and Chief Financial Officer. This amount is intended to reimburse Mr. Garg for the notice period payout made to his previous employer.

Details of the Proposed Remuneration:

• Amount: ₹6,34,774.00
• Nature: Perquisite as reimbursement of notice period payout
• Reason: To compensate for an inadvertent omission in the original remuneration package approved in March 2025

Voting Process and Timeline

Shareholders can cast their votes through remote e-voting, which will be open from November 24, 2025, to December 23, 2025. The company has engaged the National Securities Depository Limited (NSDL) to provide the e-voting facility.

Corporate Governance Implications

These resolutions underscore Goodyear India's commitment to transparent corporate governance and strategic leadership. The appointment of Mr. Gandhe could bring valuable industry insights to the board, while the additional remuneration for Mr. Garg addresses a previous oversight in his compensation package.

Shareholders are encouraged to review the detailed postal ballot notice and exercise their voting rights on these important corporate decisions. The outcome of this voting process will be crucial in shaping Goodyear India's leadership structure and financial practices moving forward.

As the automotive industry continues to evolve, particularly with the rise of e-mobility, the expertise of leaders like Mr. Gandhe could prove instrumental in guiding Goodyear India's future strategies and market position.

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.