Outcome of the Board Meeting held on May 28, 2026
GOODYEAR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Goodyear India Ltd reported FY2026 audited results with revenue from operations declining 5% to Rs 247,588 lakhs from Rs 260,805 lakhs in FY2025. Despite the revenue decline, profit after tax grew 11.6% to Rs 6,150 lakhs (vs Rs 5,512 lakhs), driven by cost optimization and lower raw material costs. The Board approved an exceptional item of Rs 1,984 lakhs related to past service costs for gratuity and compensated absences due to implementation of new Labour Codes. Auditors issued an unmodified (clean) opinion. The company recommended a final dividend of Rs 26.50 per share (Rs 6,113 lakhs total). Key management changes include appointment of Mr. Rohitashv Sharma as Whole Time Director and Mr. Vinay Kumar as Head-Legal & Compliance, while Mr. Anurag Krishna resigned as Internal Auditor effective June 5, 2026. Cash and cash equivalents increased to Rs 23,134 lakhs.
Revenue decline of 5% was offset by improved profitability and cost controls; the clean audit opinion and dividend payment signal financial stability. Management appointments strengthen leadership amid challenging market conditions.