StockWatch
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Tyres & Rubber Products
Board Meeting16 Jul 2026, 07:50 pm

Ceat Ltd Declares Unaudited Q1 FY27 Results; Approves Auditor Re-appointment

AI Summary

Ceat Ltd announced its unaudited financial results for the quarter ended June 30, 2026, both on a standalone and consolidated basis. The Board of Directors also approved the re-appointment of M/s. B S R & Co. LLP as Statutory Auditors for a second consecutive five-year term, commencing from the conclusion of the 68th AGM in 2027. Additionally, the company plans a significant capital expenditure of approximately ₹1,205 Crores to add about 53,000 tyres per day to its capacity, expected by the end of FY2031, funded by internal accruals and debt. This expansion is driven by the high utilization of its two-wheeler tyre plant in Nagpur.

Key Highlights

  • Ceat Ltd declared unaudited financial results for Q1 FY27.
  • Statutory Auditors M/s. B S R & Co. LLP re-appointed for five years.
  • Proposed capital expenditure of ₹1,205 Crores for capacity addition.
  • New capacity expected by end of FY2031, funded by accruals and debt.
  • Expansion addresses high utilization at Nagpur two-wheeler tyre plant.