Board Meeting Details
The Board of Directors meeting was held on 23rd October 2026 and concluded at 4:25 PM.
Investment Approval
The Board considered and approved an investment of up to AED 400,000 (equivalent to approximately ₹105 crore) in a wholly-owned subsidiary to be incorporated in Dubai, UAE.
Subsidiary Details
- Name: JK GLOBAL TRADING FZ CO (or other name as approved by competent authorities)
- Country of Incorporation: Dubai, UAE
- Status: Wholly-owned subsidiary of JK Tyre & Industries Ltd
- Incorporation Status: The process of incorporation will now be initiated
Business Activities
The subsidiary will engage in trading of automotive tyres, tubes, flaps, and other related products/activities.
Investment Structure
- Nature of Consideration: Cash
- Investment Purpose: Initial capital subscription
- Amount: AED 400,000 (approximately ₹105 crore)
- Shareholding: 100% ownership by JK Tyre & Industries Ltd
Financial Impact
The investment represents a cash outflow of approximately ₹105 crore for initial capital subscription in the subsidiary.