Outcome of the Board Meeting held on November 06, 2025
GOODYEAR · price
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The board approved unaudited financial results for Q2 and H1 FY26 (ended September 30, 2025). Revenue from operations fell to Rs. 596.46 crore in Q2 from Rs. 662.25 crore a year earlier, while H1 revenue dropped to Rs. 1,252.66 crore from Rs. 1,373.63 crore. Profit after tax for H1 fell sharply to Rs. 27.18 crore from Rs. 40.77 crore YoY, with EPS at Rs. 11.78 versus Rs. 17.67. The board accepted the resignation of Whole Time Director Varsha Chaudhary Jain (personal reasons), effective December 31, 2025; she will also step down as Key Managerial Personnel (Head Legal & Compliance). Independent Director Rajiv Lochan Jain's second tenure ends December 31, 2025, and Gajanan Vithal Gandhe has been appointed as Independent Non-Executive Director for five years from January 1, 2026, subject to shareholder approval.
The double-digit decline in both revenue and profits highlights continued pressure on the tyre business and is likely to be viewed negatively by the stock. The simultaneous exit of a WTD/KMP and an independent director introduces short-term board transition risk, partly offset by the appointment of a new independent director with strong global automotive experience.