JK Tyre Cavendish Merger Fractional Entitlement Distribution Certified

JK Tyre's Audit Committee and Independent Directors certified completion of fractional entitlement proceeds distribution from Cavendish Industries amalgamation.
3 fractional shares sold at Rs. 444/share (net of brokerage and taxes), yielding Rs. 1,013 net distributed to four eligible shareholders after Rs. 319 income tax.
Distribution completed on 18th March 2026 per SEBI Master Circular No. SEBI/HO/CFD/POD-2/P/CIR/2023/93 dated 20th June, 2023.
Total 1,42,69,484 equity shares of Rs. 2/- each were allotted to Cavendish shareholders at 92:100 swap ratio under NCLT-sanctioned scheme.