JK Tyre & Industries Ltd has received an improved Environmental, Social and Governance (ESG) rating from SES ESG Research Private Limited, marking a positive development in the company's sustainability assessment. The disclosure was made under regulatory compliance requirements on 10th February 2026.

ESG Rating Details

SES ESG Research Private Limited, a SEBI registered ESG Rating Provider, has independently assigned an ESG rating of 69.8 to JK Tyre & Industries Ltd. The rating was communicated to the company via email dated 9th February 2026.

Independent Assessment Process

The company emphasized that it did not engage SES ESG Research Private Limited for this ESG rating assessment. The rating provider independently prepared the report based on data pertaining to FY 2024-25 available in the public domain. This independent evaluation approach demonstrates the objective nature of the assessment process.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary Kamal Kumar Manik signed the regulatory filing, ensuring compliance with stock exchange notification requirements for both BSE and NSE.

Rating Significance

The improvement from 69.3 to 69.8 reflects enhanced performance in environmental, social, and governance parameters. ESG ratings have become increasingly important for companies as investors and stakeholders place greater emphasis on sustainable business practices and corporate responsibility measures.

JK Tyre & Industries Limited has submitted its monitoring agency report for the quarter ended December 31, 2025, detailing the utilization of proceeds from its Qualified Institutions Placement (QIP). The report, prepared by India Ratings & Research Private Limited as the appointed monitoring agency, confirms compliance with regulatory requirements under SEBI regulations.

QIP Issue Details and Progress

The company's QIP, conducted from December 19, 2023 to December 22, 2023, raised ₹500.00 crores through the issuance of 1,44,92,749 equity shares at ₹345.00 per share. The monitoring agency reported no deviation from the stated objects of the issue during the quarter.

Fund Utilization Breakdown

The company allocated the QIP proceeds across three primary objectives. Capital expenditure for manufacturing facility expansion and development received the largest allocation, with ₹350.00 crores earmarked for this purpose. During the quarter, ₹74.24 crores was utilized for capital expenditure, bringing total utilization in this category to ₹292.17 crores, leaving ₹57.83 crores unutilized.

General Corporate Purpose Utilization

For general corporate purposes, the company utilized ₹37.11 crores during the quarter specifically for reducing working capital borrowings. The monitoring agency noted that while debt was reduced, the sanctioned working capital limits remained unchanged. The allocation for general corporate purposes increased from the original ₹116.10 crores to ₹116.60 crores due to savings in QIP issue expenses.

Deployment of Unutilized Funds

The company has invested unutilized QIP proceeds totaling ₹163.28 crores in fixed deposits with HDFC Bank, generating returns between 5.90% and 7.76%. The investments are structured across multiple fixed deposits with varying maturity dates in January 2026.

Implementation Timeline

The monitoring agency confirmed that all objects of the QIP are progressing according to the original timeline, with completion expected by the end of March 2026. No delays have been reported in the implementation of any stated objectives. The company maintains its commitment to utilize the remaining funds for working capital requirements and complete the capital expenditure program within the stipulated timeframe.

The monitoring agency report emphasizes that all utilization remains in accordance with disclosures made in the placement document, with no material deviations observed. The systematic deployment of funds across the stated objectives demonstrates the company's adherence to its capital allocation strategy as outlined during the QIP issuance.