BALKRISHNA INDUSTRIES LTD.-$

Balkrishna Industries Ltd (BKT) and Pirelli have signed a strategic agreement for the production of Pirelli-branded premium car tyres in India. Initially, BKT will produce up to 800,000 Pirelli tyres annually by 2030 at one of its new plants, adhering to Pirelli's standards. The agreement also outlines a future 50-50 joint venture to establish a dedicated production plant for high-value car tyres, serving both Indian and international markets. This partnership aims to capitalize on India's rapidly growing automotive and premium tyre markets, leveraging Pirelli's technological leadership and BKT's local manufacturing capabilities. For BKT, this marks an expansion into the passenger car tyre segment, while for Pirelli, it strengthens its presence in a high-potential market.

Balkrishna Industries Limited (BIL) has entered into a Framework Agreement, an Offtake Agreement, and a Service Agreement with Pirelli Tyre S.p.A. The Framework Agreement outlines the terms for a future joint venture (JV) where BIL and Pirelli will each hold a 50% stake in a new Indian company to manufacture passenger car radial tyres under both Pirelli and BKT brands. The JV is expected to be incorporated by December 31, 2030, subject to conditions. The Offtake Agreement involves BIL manufacturing Pirelli-branded tyres at its Bhuj plant for sale to Pirelli. The Service Agreement allows Pirelli to provide technical support for BKT tyre testing. The Framework Agreement will expire upon the execution of the JV Agreement.

Balkrishna Industries Ltd has announced the closure of its trading window for all designated persons from October 1, 2026. This closure will remain in effect until 48 hours after the company's financial results for the quarter ending September 30, 2026, are made public. The company has advised all designated persons, as per its Code of Conduct, to refrain from trading in the company's securities during this period. This measure is a standard corporate governance practice to prevent potential insider trading.

Balkrishna Industries Ltd. has received an adjudication order from the Assistant Commissioner of CGST, Bhuj Division, on September 21, 2026. The order, issued under Section 74(1) of the CGST Act, 2017, relates to financial years 2021-22 and 2022-23. It confirms a demand of ₹1.05 Crores along with an equivalent penalty, stemming from the disallowance of input tax credit. The company asserts that there will be no impact on its financial, operational, or other activities and intends to contest the order at a higher appellate level.

Balkrishna Industries Limited's Finance Committee has approved the issuance of 55,000 rated, listed, unsecured, redeemable, non-convertible debentures (NCDs) aggregating up to ₹550 crore. The NCDs will be issued on a private placement basis in three series with tenures ranging from approximately 1 year 11 months to 4 years, carrying coupon rates from 7.35% to 7.40% p.a. This move is part of the company's previously intimated plan to raise funds through debt instruments.

Balkrishna Industries Ltd. announced that its finance committee has approved the issuance of 55,000 rated, listed, unsecured, redeemable, non-convertible debentures (NCDs) with a face value of INR 1,00,000 each. The aggregate principal amount for this private placement issuance is up to INR 550 crore. The NCDs will be issued in three series with tenures of approximately 1 year 11 months, 3 years, and 4 years, carrying coupon rates of 7.35%, 7.38%, and 7.40% per annum, respectively. The issuance is intended to raise funds through private placement to eligible investors.

Balkrishna Industries Limited's Finance Committee has approved the issuance and allotment of 55,000 rated, listed, senior, unsecured, redeemable, non-cumulative, non-convertible debentures (NCDs) with a face value of INR 1,00,000 each, aggregating up to ₹550 crores. These NCDs will be issued in multiple tranches on a private placement basis and will be listed on BSE Limited. The issuance falls within the company's current borrowing limits. Further details regarding tenure, coupon, and redemption will be disclosed at the time of allotment.

Balkrishna Industries Limited's Finance Committee has approved the issuance and allotment of non-convertible debentures (NCDs) worth up to ₹550 crores. These debentures will be issued in multiple tranches on a private placement basis. The company has delegated powers to the Finance Committee for deciding terms and conditions related to the NCD issuance. The issuance falls within the company's current borrowing limits under Section 180(1)(c) of the Companies Act, 2013. The NCDs are rated, listed, senior, unsecured, redeemable, and non-cumulative. Further details regarding allotment, maturity, and interest will be disclosed at the time of allotment.

Balkrishna Industries Ltd has announced that its Finance Committee will convene on August 18, 2026. The primary agenda item is to consider and approve a proposal for raising funds through the issuance of non-convertible debentures. These debentures will be issued on a private placement basis, potentially in multiple tranches. This move is in compliance with Regulation 29(1)(d) of the Listing Regulations. The company is seeking approval to raise capital via debt instruments.

Balkrishna Industries Ltd announced its first interim dividend of ₹4.00 per equity share (200%) for the financial year 2026-27. This decision was made during the Board of Directors meeting held on July 29, 2026. The dividend is payable to shareholders on record as of August 4, 2026, and will be credited or dispatched within 30 days. The board also approved the Unaudited Financial Results (Standalone & Consolidated) for the quarter ended June 30, 2026, and received the Limited Review Report from its statutory auditors. The company reported total income of ₹2941.15 Crores (Standalone) and ₹2760.46 Crores (Consolidated) for the quarter.