We herewith submit the clarification with respect to newspaper publication dated February 24, 2026.
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Eastern Treads has issued a clarification in response to a newspaper report published on February 24, 2026, by Kerala Rubber Limited. The newspaper stated that land is proposed to be allotted to Eastern Treads for a project involving approximately ₹24 Crores in investment. The company clarified that it has only applied for land allotment and no land has actually been allotted as of the filing date. Kerala Rubber Limited is expected to consider the official allotment on February 25, 2026. Eastern Treads also stated that the project plan, exact investment amount, and funding mode have not been finalized and will be decided by the Board only after land allotment is confirmed.
This is a tempering clarification for shareholders — the ₹24 Crore project mentioned in the newspaper is currently speculative. Investors should wait for confirmed land allotment and a subsequent Board decision before treating the project as definitive.