JK TYRE & INDUSTRIES LTD.

JK Tyre & Industries Ltd has announced the closure of its trading window for dealing in the company's equity shares. This closure will be effective from July 1, 2026, and will remain in effect until 48 hours after the financial results for the quarter ending June 30, 2026, are declared. This measure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, to prevent potential insider trading activities around the announcement of financial performance.

JK Tyre & Industries Ltd has received an order from the Collector of Stamps, Rajasthan, regarding stamp duty for the amalgamation of Cavendish Industries Ltd. The order mandates payment of stamp duty along with ₹2 Crore each for surcharges, penalty, and interest. While the company is making the stamp duty payment, it believes it has a strong case to appeal for the waiver of penalty and interest, as it approached for adjudication in a timely manner. The company does not foresee any significant financial implications arising from this order.

JK Tyre & Industries Ltd's Board of Directors approved an expansion plan for Truck & Bus Radial (TBR) Tyres and Passenger Car Radial (PCR) Tyres in phases, with a total investment of ₹4,980 Crore. The expansion includes increasing TBR/PCR tyre production to 210 lakh tyres per annum and achieving over 90% installed capacity. The proposed capacity addition is expected to increase TBR/PCR production by 24% by Financial Year 2029-30. The projects will be funded through internal accruals and debt, driven by robust demand in the Indian tyre industry.

JK Tyre & Industries Ltd. announces the re-appointment of Dr. Raghupati Singhania as Chairman & Managing Director for a term of 5 years, effective from October 1, 2026. The re-appointment is subject to the approval of the company's members. The decision was made during a Board of Directors meeting held on May 26, 2026.

JK Tyre & Industries Ltd's board meeting on May 26, 2026, approved audited standalone and consolidated financial results for the year ended March 31, 2026. The board recommended a dividend of ₹1.00 per equity share of ₹2 each (50%) for FY26, subject to shareholder approval at the AGM. The dividend, if declared, will be credited/dispatched within two weeks of the AGM. The audited financial results and auditor's reports with unmodified opinions are enclosed. Consolidated revenue from operations stood at ₹16326.65 Cr for the year ended March 31, 2026.

JK Tyre & Industries Ltd has scheduled a Board of Directors meeting on May 26, 2026, to consider and approve the standalone and consolidated financial results for the fourth quarter and financial year ended March 31, 2026. The board will also consider recommending a dividend on equity shares, if any, for the financial year. The trading window is closed from April 1, 2026, and will reopen on May 29, 2026.

JK Tyre & Industries Ltd. announced the full utilization of proceeds from its Qualified Institutions Placement (QIP) issue as of March 31, 2026. A monitoring agency report from India Ratings & Research Private Limited, dated May 13, 2026, confirms that the utilization aligns with the issue's terms and objectives, with no deviations or variations observed. The report, submitted in compliance with SEBI regulations, includes a certificate from the Statutory Auditor, Lodha & Co LLP, verifying the proper use of funds.

JK Tyre & Industries Ltd's Directors approved an investment of up to 1.31 Crore to acquire a 26% equity stake in Roofsol Renewables Five Pvt. Ltd. (RRFPL). This acquisition is for regulatory compliance under Indian Electricity laws, specifically for captive power consumption at the company's Laksar Tyre Plant in Uttarakhand. RRFPL is a Special Purpose Vehicle (SPV) incorporated by Roofsol Energy Pvt. Ltd. to set up this captive power plant. The acquisition is expected to be completed within 180 days and involves cash consideration. RRFPL currently has no turnover.

JK Tyre & Industries Ltd announced the appointment of Shri Mandar Vighnahari Deo as President - India, effective April 14, 2026. Shri Deo, aged 50, holds a bachelor's degree in mechanical engineering, a Master's degree, a PhD, and an MBA. His last position was Managing Director and Chief Executive Officer at Exide Energy Solutions Limited, where he was instrumental in establishing India's first lithium-ion cell manufacturing facility with an investment exceeding ₹6,000 crores. Prior to Exide, he spent approximately 20 years with Cummins India and Cummins Inc., holding multiple leadership roles across various business units, managing P&L responsibilities, and leading diverse teams. His extensive industry knowledge and leadership experience are expected to significantly contribute to JK Tyre's profitable growth and its vision of being a Green and Trusted Mobility Partner.

JK Tyre & Industries Ltd. has received a Demand Order dated 30.03.2026 from the Assistant Commissioner, Delhi South Commissionerate, Division-Okhla, Delhi under Section 74 of the Central Goods and Service Tax Act, 2017. The Order alleges wrongful availment of Input Tax Credit (ITC) for the Financial Year 2019-20, confirming a demand for tax of Rs. 69,36,972/- along with equivalent penalty and applicable interest. The primary reasons cited in the Order are allegedly discrepancies in Input Service Distributor (ISD) credit and mismatches in ITC claimed across different financial years as reported in GSTR-9 and GSTR-9C returns. The Company believes it has a strong case and plans to file an appeal before the appropriate appellate authority.