JK Tyre amalgamation with Cavendish Industries takes effect from 22 Dec 2025

Nclt Scheme FiledStrategic Transactions View source PDF Explain this filing

JKTYRE · price

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

+3.7%Reaction day

₹491.00

prior close

₹492.80

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+0.4%+3.3% vs market

Tyres & Rubber Products peers, median of 14sector+0.3%+3.4% vs sector

On the reaction day the stock moved 3.3 pts more than Nifty Smallcap 250 and 3.4 pts more 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

Stock

-0.1

10m

+1.8

15m

+2.5

30m

+1.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+3.7+0.4+3.3+0.3+3.4

Next day

+3.5+0.5+3.0-0.1+3.6

+1.4+0.3+1.1+0.0+1.4

+1.5-0.2+1.8-0.4+1.9

+2.9-0.4+3.4-0.1+3.1

+2.5+0.7+1.8-0.6+3.1

+4.4+1.4+3.0+1.2+3.2

15d

+3.3-1.7+5.0-0.3+3.6

+2.5-7.6+10.0-3.8+6.3

+8.5-3.2+11.7-5.4+13.9

-19.9-14.1-5.8-13.7-6.2

UpDownMarket · Nifty Smallcap 250Sector · Tyres & Rubber Products peers, median of 14Pending

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

AI summary

JK Tyre's scheme of amalgamation with its wholly-owned subsidiary Cavendish Industries Ltd, sanctioned by NCLT on 20 Nov 2025, has become effective from 22 Dec 2025, operative from the appointed date of 1 Apr 2025. Cavendish stands dissolved without winding up. JK Tyre's authorised share capital has increased to INR 5,180 crore and the Capital Clause of the MOA has been altered to reflect the combined capital.

Likely market impact

Internal merger of a subsidiary simplifies the group structure. No new equity issued to public shareholders. Consolidation may improve operational efficiency over time.