We herewith enclose the copy of Annual Report for the Year 2024-2025.
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Awaiting price reaction for this filing.
Eastern Treads Ltd has submitted its Annual Report for FY 2024-2025 along with the notice for its 32nd Annual General Meeting (AGM) to be held on Thursday, September 25, 2025 at 11:00 AM via video conferencing. The AGM agenda includes adoption of audited financial statements, reappointment of Chairman Navas Meeran (who retires by rotation), and appointment of Dr. Siby Varghese as Independent Director for a 5-year term and Mr. Devarajan Krishnan as Whole Time Director for 3 years. Shareholders will also vote on approving related party transactions of up to Rs 10 crore per year for 5 years each with Group Meeran Private Limited and Eastea Chai Private Limited. The Chairman's message notes the tyre industry faced unprecedented input cost surges and below-prior-year automobile production, though the company maintained discipline on costs and margins.
This is a routine regulatory filing of the annual report and AGM notice, so no immediate stock price impact is expected. However, shareholders should review the director appointments and related party transaction approvals, as the Rs 10 crore per year related party deals with promoter-group entities (Group Meeran and Eastea Chai) are recurring in nature and warrant attention.