CEAT Limited has informed the Exchange regarding Outcome of Board Meeting held on December 30, 2025.

Fund Raising View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-2.6%Reaction day

₹3810.10

prior close

₹3677.40

announcement price

In-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-0.2%-2.4% vs market

Tyres & Rubber Products peers, median of 15sector-0.0%-2.6% vs sector

On the reaction day the stock moved 2.4 pts less than Nifty Smallcap 250 and 2.6 pts less than its Tyres & Rubber Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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30m

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Reaction day

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Next day

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15d

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UpDownMarket · Nifty Smallcap 250Sector · Tyres & Rubber Products peers, median of 15Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

CEAT Limited's Finance and Banking Committee, at a meeting on December 30, 2025, approved the allotment of 25,000 unsecured, rated, listed, redeemable Non-Convertible Debentures (NCDs) of face value Rs 1,00,000 each, aggregating to Rs 250 crores. The NCDs carry a coupon (interest rate) of 7.20% per annum, payable annually, and have a 5-year tenure maturing on December 30, 2030. The debentures are proposed to be listed on the Wholesale Debt Market segment of the NSE and will be redeemed at par (full face value) at the end of 5 years. This is a private placement, meaning the NCDs are being issued directly to selected investors rather than the general public.

Likely market impact

For equity shareholders, this is a debt-raising move — CEAT is borrowing Rs 250 crore at 7.20% interest. There is no equity dilution since NCDs are debt instruments and not convertible into shares. The borrowing will add to the company's interest expenses but is at a reasonable market rate, and proceeds will likely be used for general corporate purposes or refinancing.