Tolins Tyres Ltd

Tolins Tyres Limited announced its participation in the 10th Edition of the Truck, Trailer & Tyre (TTT) Expo 2026, scheduled from June 5-7, 2026, in Jaipur. The expo is a key platform for the commercial vehicle industry, bringing together manufacturers, suppliers, and logistics stakeholders. Tolins Tyres will showcase its comprehensive range of tyre solutions for the commercial vehicle segment, aiming to deepen relationships with existing partners and engage with prospective clients. The company views this as an opportunity to highlight its product offerings, technological capabilities, and commitment to innovation in the transportation and logistics sector.

Tolins Tyres Limited announced its audited financial results for the quarter and year ended March 31, 2026. For FY26, revenue from operations grew by 11.86% YoY to ₹327.12 crore, while Profit After Tax (PAT) declined by 7.72% YoY to ₹35.69 crore. EBITDA for FY26 also decreased by 17.46% to ₹47.80 crore, with margins impacted by raw material price volatility and elevated inventory levels. For Q4 FY26, revenue from operations increased by 12.17% YoY to ₹77.99 crore, and PAT stood at ₹8.94 crore, a slight decrease of 3.67% YoY. EBITDA for Q4 FY26 was ₹11.22 crore, down 17.27% YoY, affected by similar factors. India contributed approximately 81% of consolidated operational revenue in Q4 FY26, with UAE operations contributing 19% and showing improved traction. The company maintained a healthy balance sheet with a low consolidated debt-equity ratio of 0.03x as of March 31, 2026.

Tolins Tyres Limited's Board of Directors, at their meeting held on May 28, 2026, approved the appointment of new auditors for the Financial Year 2026-27. M/s. Joseph Cyriac & Company, Chartered Accountants, have been appointed as the Internal Auditors of the Company. Additionally, M/s. BBS & Associates, Cost Accountants, have been appointed as the Cost Auditors for the same financial year. These appointments were made in accordance with Regulations 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Tolins Tyres Limited confirmed no deviation or variation in the utilization of its Initial Public Offer (IPO) proceeds for the quarter ended March 31, 2026. The company raised ₹200.00 crores through its IPO, with net proceeds of ₹183.80 crores. Funds were allocated for specific purposes including repayment of loans (₹69.97 crores), augmentation of long-term working capital (₹75.00 crores), investment in its subsidiary Tolin Rubbers Private Limited (₹23.15 crores), general corporate purposes (₹15.68 crores), and issue expenses (₹16.20 crores). The statement, reviewed and approved by the Audit Committee on May 28, 2026, confirms that the funds utilized align with the objects stated in the Prospectus dated September 11, 2024, in compliance with SEBI regulations.

Tolins Tyres Limited's Board of Directors, in a meeting on May 28, 2026, approved the Audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2026. The Statutory Auditors provided an unmodified opinion on these results. The Board also appointed M/s. Joseph Cyriac & Company as Internal Auditors and M/s. BBS & Associates as Cost Auditors for the Financial Year 2026-27. Furthermore, the 'Policy on materiality of Related Party Transactions' was reviewed and updated to comply with SEBI Listing Regulations.

Tolins Tyres Limited's Board of Directors, at their meeting on May 28, 2026, approved the Audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2026. The statutory auditors issued an unmodified opinion on these results. Additionally, the Board appointed M/s. Joseph Cyriac & Company as Internal Auditors and M/s. BBS & Associates as Cost Auditors for the Financial Year 2026-27. The 'Policy on materiality of Related Party Transactions' was also reviewed and updated to align with SEBI Listing Regulations.

Brickwork Ratings India Private Limited issued a monitoring agency report for Tolins Tyres Limited for the quarter ended March 31, 2026, as per SEBI (ICDR) Regulations. The report pertains to the utilization of ₹230.00 Crore raised through a fresh issue and offer for sale of equity shares. The monitoring agency declared no deviations from the stated objectives of the issue.

Tolins Tyres Ltd has announced the closure of its trading window for designated persons/employees and their immediate relatives. This closure is in compliance with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, and the company's 'Code of Conduct'. The trading window will remain closed from April 01, 2026, till the expiry of 48 hours after the announcement of the Audited Financial Results for the quarter and financial year ending on March 31, 2026. The date of the Board of Directors' meeting to approve the financial results will be intimated separately.

The second monitoring agency report for Tolins Tyres Limited, prepared by Brickwork Ratings India Private Limited, reveals that the company has complied with the regulations set by SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The company raised Rs. 230.00 Crore through Fresh Issue and Offer for Sale of Equity Shares. The report provides a true and fair view of the utilization of the issue proceeds in relation to the objects of the issue.

Tolins Tyres, a leading player in the Tyre & Treads industry, announced its unaudited financial results for the quarter ended December 31, 2025. The company reported a 33.77% YoY growth in revenue from operations for Q3 FY26, driven by volume recovery across retreading materials and new tyre segments. The rebound reflects normalization of buying patterns following a softer Q2. For 9M FY26, revenue reached INR 249.13 crore, reflecting steady demand across domestic markets and contribution from newly launched agricultural tyre products. The India business continued to drive the majority of revenues, while the UAE operations maintained steady contribution. The Company also witnessed increasing traction from its newly launched tractor tyre portfolio, leading to a gradual improvement in product mix and strengthening presence in the agricultural tyre category. Q3 FY26 EBITDA stood at INR 14.20 crore, with EBITDA margin of 15.22%. Q3 FY26 PAT stood at INR 10.49 crore, with PAT margin of 11.3%. For 9M FY26, PAT was INR 26.75 crore, translating to a net margin of 10.7%.