Talbros Automotive Components Limited
Joint Venture Agreement with Lohum Cleantech Private Limited
Talbros Automotive Components Limited has executed a Joint Venture Agreement with Lohum Cleantech Private Limited on 2nd July, 2026 for carrying on the business of trading, manufacturing, producing, and refining of recovered Carbon Black (rCB), allied by-products, and devulcanized rubber through a joint venture company named Lohum Talbros CarbonTech Private Limited.
Key Terms and Financial Details:
- JV Company: Lohum Talbros CarbonTech Private Limited
- Shareholding Pattern: Lohum Cleantech Private Limited holds 51% (5,100 equity shares of Rs. 10/- each) and Talbros Automotive Components Limited holds 49% (4,900 equity shares of Rs. 10/- each)
- Initial Capital Contribution: Total INR 1,00,000 comprising Rs. 51,000 from Lohum Cleantech and Rs. 49,000 from Talbros Automotive
- Board Composition: The JV's Board shall comprise five Directors - three nominated by Lohum Cleantech and two nominated by Talbros Automotive
- Business Scope: Trading, manufacturing, producing, and refining of recovered Carbon Black (rCB), allied by-products, and devulcanized rubber
- Relationship Status: The parties are independent entities not related to promoter/promoter group/group companies
- Transaction Nature: Not a related party transaction and conducted at arm's length
Rationale and Benefits:
The joint venture combines Lohum's technology and expertise in producing high-quality recovered carbon black (rCB) and devulcanized rubber with Talbros Automotive's strong OEM relationships and market access.
Other Key Announcements
No other material announcements were disclosed in this document.