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CEAT Limited to Invest ₹361 Lakhs in Wholly Owned Subsidiary Tyresnmore
CEAT Limited
January 19, 2026, 12:56 PM
CEAT Limited will invest up to ₹361 Lakhs in its wholly owned subsidiary, Tyresnmore Online Private Limited, via a rights issue. Tyresnmore's turnover was ₹3,225.73 Lakhs as of March 31, 2025. The shares are expected to be allotted by February 16, 2026, maintaining CEAT's 100% ownership.
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CEAT Limited has approved an investment of up to ₹361 Lakhs (Rupees Three Hundred Sixty One Lakhs only) through a rights issue in Tyresnmore Online Private Limited, its wholly owned subsidiary. This investment will be made via subscription in equity shares.
Tyresnmore Online Private Limited, incorporated on June 2, 2014, is engaged in selling automotive tyres, accessories, and providing installation, fitting, wheel balancing, and alignment services. As of March 31, 2025, Tyresnmore reported a turnover of ₹3,225.73 Lakhs. Its turnover for FY 2022-23 was ₹1,481.15 Lakhs, and for FY 2023-24, it was ₹2,558.64 Lakhs.
The proposed investment is considered a transaction with related parties under Section 177 of the Companies Act, 2013, and Regulation 23 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. CEAT Limited confirms that the transaction is at arm's length, and no promoter or promoter group entities have any interest in Tyresnmore beyond its status as a wholly owned subsidiary.
The company's shareholding in Tyresnmore will remain at 100% post this investment. The equity shares are expected to be allotted to CEAT Limited by Tyresnmore by February 16, 2026. The consideration is in cash, remitted through normal banking channels, for the subscription of 29,575 equity shares of face value ₹1 each.
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