Date: July 08, 2026
Board Meeting Outcomes
CEAT Limited has approved an investment of up to ₹274 lakhs (₹2.74 crore) by way of subscription in a Rights Issue of equity shares of Tyresnmore Online Private Limited, its wholly owned subsidiary.
Disinvestment / Strategic Actions
Target Entity: Tyresnmore Online Private Limited
Investment Details:
- Investment amount: Up to ₹274 lakhs (₹2.74 crore)
- Number of shares: 22,447 equity shares
- Face value: Re. 1/- each fully paid up
- Investment type: Rights Issue subscription
Ownership Impact:
- CEAT's shareholding remains at 100% post-investment
- The transaction maintains existing ownership structure
Transaction Nature:
- Classified as related party transaction under Section 177 of Companies Act, 2013 and Regulation 23 of SEBI LODR Regulations
- Transaction is at arm's length
- No promoter/promoter group/group companies have any interest in Tyresnmore beyond CEAT's ownership
Timeline:
- Share allotment scheduled to be completed by July 31, 2026
Target Company Background:
- Name: Tyresnmore Online Private Limited
- Incorporation Date: June 2, 2014
- Business: Selling automotive tyres, batteries, accessories and providing installation, fitting, wheel balancing and alignment services
- Industry: Auto Ancillary
Financial Performance:
- FY 2025-26 Turnover: ₹4,329.13 lakhs
- FY 2024-25 Turnover: ₹3,225.73 lakhs
- FY 2023-24 Turnover: ₹2,558.64 lakhs
Regulatory Approvals:
- No governmental or regulatory approvals required (stated as 'NA')
Governance & Compliance
Disclosure Requirements:
- Made under Regulation 30 and 51 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Gaurav Tongia, Company Secretary