Key Transaction Details

  • Terra Rubber Private Limited, a wholly owned subsidiary of Tolins Tyres Limited, has entered into a Purchase Agreement with Cochin Reclaim and Rubbers Private Limited for the purchase of plant and machinery.
  • The agreement was executed on July 1, 2026.
  • The transaction value is ₹2.50 crore.
  • Cochin Reclaim is an unrelated third party with no shareholding relationship with either Terra Rubber or Tolins Tyres.

Purpose and Rationale

The agreement has been entered into for the acquisition of plant and machinery by Terra Rubber for the purposes of capacity expansion and backward integration of its operations.

Significant Terms of Agreement

  • Terra Rubber will purchase identified plant and machinery from Cochin Reclaim on an "as-is, where-is" basis.
  • Terra Rubber is required to remove the machinery from Cochin Reclaim's premises within sixty (60) days from the date of the Agreement, at its own cost.
  • Title to each item of machinery passes to Terra Rubber only upon full payment of its allocated value and its physical removal from Cochin Reclaim's premises.

Impact Assessment

  • Management and Control: The agreement is a routine purchase of plant and machinery in the ordinary course of business and does not have any impact on the management or control of Tolins Tyres Limited.
  • Restrictions and Liabilities: No material restriction or liability is imposed upon Tolins Tyres or Terra Rubber under the agreement beyond the requirement to remove machinery within 60 days.
  • Related Party Status: The transaction does not fall within the definition of a related party transaction, as Cochin Reclaim is an unrelated third party. The transaction has been negotiated and concluded on an arm's length basis.
  • Share Issuance: No shares have been issued under the agreement.
  • Conflict of Interest: There is no nominee of Cochin Reclaim on the board of directors of Tolins Tyres, and no potential conflict of interest arises out of the agreement.

Future Disclosure Obligations

The company confirms that as of the date of this intimation, the agreement has not been rescinded, amended, or altered. In the event of any rescission, amendment, or alteration, the company shall make appropriate additional disclosures to the stock exchanges.