CEAT Invests ₹460 Lakhs in Tyresnmore Subsidiary

Date: September 23, 2026

The Board of CEAT Limited approved an investment of up to ₹460 Lakhs (Rupees Four Hundred Sixty Lakhs only) in its wholly-owned subsidiary, Tyresnmore Online Private Limited.
The investment will be made by subscribing to a rights issue of 37,686 equity shares.

Target Entity Details:

Name: Tyresnmore Online Private Limited (Tyresnmore)
Industry: Auto Ancillary (selling of automotive tyres, batteries and providing ancillary automotive services)
Turnover: ₹4,329.13 Lakhs as of March 31, 2026
Historical Turnover: FY 2023-24: ₹2,558.64 Lakhs; FY 2024-25: ₹3,225.73 Lakhs; FY 2025-26: ₹4,329.13 Lakhs
Business: Engaged in selling automotive tyres, accessories, and providing services of installing, fitting, wheel balancing, and wheel alignment for automotive tyres.
Incorporation: Incorporated on June 2, 2014, with its registered office in New Delhi, India.

Transaction Details:

Type of Transaction: Further investment in a wholly-owned subsidiary via a rights issue.
Number of Shares: 37,686 equity shares of face value Re. 1/- each.
Total Consideration: Up to ₹460 Lakhs.
Payment Method: Cash consideration by remittance through normal banking channels.
Post-Investment Ownership: CEAT's shareholding will remain at 100%.
Allotment Timeline: The shares are to be allotted to CEAT by Tyresnmore latest by October 7, 2026.

Regulatory & Compliance Status:

The transaction falls under the purview of related party transactions under Section 177 of the Companies Act, 2013, and Regulation 23 of SEBI LODR.
It has been confirmed that the transaction is being executed at arm's length.
Except for being a wholly-owned subsidiary of CEAT, the Promoter/promoter group/group companies of CEAT have no other interest in Tyresnmore or this transaction.
No governmental or regulatory approvals are required for this acquisition (NA).