Tolins Tyres Ltd

Tolins Tyres Ltd has announced that its Board of Directors will convene on August 12, 2026. The primary agenda item is to consider and approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. Additionally, the company has informed about the closure of the trading window for its securities, which began on July 1, 2026, and will extend until August 14, 2026, in accordance with the Insider Trading Code.

Tolins Tyres Limited's wholly-owned subsidiary, Terra Rubber Private Limited, has entered into a Purchase Agreement with Cochin Reclaim and Rubbers Private Limited to acquire plant and machinery. This acquisition is aimed at capacity expansion and backward integration of Terra Rubber's operations. The agreement was executed on July 1, 2026. The transaction is considered routine, occurring in the ordinary course of business, and does not impact the management or control of Tolins Tyres. Cochin Reclaim is an unrelated third party, and the transaction is on an arm's length basis.

Tolins Tyres Ltd has announced the closure of its trading window for dealing in the company's securities. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015 and the company's internal code of conduct. The window will be shut for designated persons and their immediate relatives from July 1, 2026, until 48 hours after the announcement of the un-audited financial results for the quarter ending June 30, 2026. The specific date for the board meeting to approve these results will be communicated separately.

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.