JK Tyre creditors and shareholders approve Cavendish merger

NCLT approved the resolutionRegulatory & Legal View source PDF Explain this filing

JKTYRE · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

-0.9%Reaction day

₹347.50

prior close

₹354.00

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-0.7%-0.3% vs market

Tyres & Rubber Products peers, median of 14sector-0.3%-0.6% vs sector

On the reaction day the stock moved 0.3 pts less than Nifty Smallcap 250 and 0.6 pts less 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

-0.3

10m

-0.4

15m

-0.5

30m

+0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.9-0.7-0.3-0.3-0.6

Next day

+0.0-0.4+0.4-0.5+0.5

+1.3-0.3+1.6+0.5+0.8

+2.5+0.0+2.5-0.6+3.1

+2.7+0.7+2.1+0.9+1.9

+5.9+0.7+5.3-0.3+6.2

+6.6+1.6+5.0+0.7+5.9

15d

+7.6+0.4+7.1+1.3+6.2

+6.9+0.3+6.6-1.1+8.1

+30.1+2.0+28.1+5.8+24.2

+36.2-2.3+38.5+1.2+35.0

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

At meetings directed by the National Company Law Tribunal on September 3, 2025, JK Tyre's unsecured creditors and equity shareholders both approved the proposed merger of Cavendish Industries with JK Tyre with the required majority. The meetings followed tribunal orders dated June 12 and July 10, 2025.

Likely market impact

This removes a major approval hurdle for the Cavendish Industries merger. The filing does not disclose financial terms or a completion date.