JK Tyre & Industries Ltd. has announced an increase in its authorised share capital following the amalgamation of Cavendish Industries Ltd., effective December 22, 2025. The scheme was sanctioned by the National Company Law Tribunal (NCLT). The authorised share capital now stands at INR 5180 crore, divided into equity, preference, and unclassified shares, as the company continues with its strategic restructuring.
Amalgamation Complete
The amalgamation of Cavendish Industries Ltd. with JK Tyre & Industries Ltd. is now complete, effective December 22nd, 2025. This follows the sanction of the scheme by the National Company Law Tribunal (NCLT) on November 20th, 2025. Cavendish Industries Ltd., previously a subsidiary, is now amalgamated and dissolved.
Revised Capital Structure
As a result of the amalgamation, the Authorised Share Capital of JK Tyre has been revised to INR 5180,00,00,000 (Rupees Five thousand one hundred and eighty crore). The breakdown of this capital is as follows:
- 20,62,50,00,000 equity shares of INR 2 each.
- 55,00,000 preference shares of INR 100 each.
- 1,00,00,00,000 unclassified shares of INR 10 each.
The company has the power to classify the unclassified shares into equity or preference shares, and to attach specific rights to these shares as determined by the Board of Directors.
Source: BSE