JK Tyre Allots 1.42 Crore Equity Shares Post Amalgamation of Cavendish Industries
JK Tyre & Industries Limited announced the allotment of 1,42,69,484 Equity Shares of face value of ₹2 each. This allotment is in the ratio of 92 equity shares of ₹2 each for every 100 equity shares of...
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Why is JK Tyre & Industries Limited in the news today?
JK Tyre & Industries Limited (JKTYRE) is in the news due to the company successfully completed the allotment of shares post-amalgamation, which is a positive step for integration and growth.
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JK Tyre Allots 1.42 Crore Equity Shares Post Amalgamation of Cavendish Industries
December 26, 2025, 06:55 AM
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JK Tyre & Industries Limited announced the allotment of 1,42,69,484 Equity Shares of face value of ₹2 each. This allotment is in the ratio of 92 equity shares of ₹2 each for every 100 equity shares of ₹10 each of Cavendish Industries Ltd (CIL).
The allotment follows the Scheme of Amalgamation of CIL with JK Tyre & Industries Ltd., which was sanctioned by the Hon’ble National Company Law Tribunal, Jaipur Bench, via an order dated 20th November 2025. The Record Date to determine eligible shareholders was fixed as 24th December 2025.
The Committee of Directors at its meeting held on 26th December 2025 approved the allotment. Post this allotment, the issued, subscribed, and paid-up equity share capital of JK Tyre & Industries Ltd. has increased from 27,40,20,027 Equity Shares to 28,82,89,511 Equity Shares.
The meeting of the Committee of Directors commenced at 11:45 AM and concluded at 12:10 PM on 26th December 2025. The newly allotted equity shares are proposed to be listed on the BSE Limited and the National Stock Exchange of India Limited.
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