JK Tyre & Industries Limited has informed the Exchange regarding 'Report from the Audit Committee of Directors and Independent Directors of the Company certifying distribution of proceeds to eligible shareholders of fractional entitlements pursuant to the Scheme of Amalgamation of Cavendish Industries Ltd. with JK Tyre & Industries Ltd. and their respective shareholders.'
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JK Tyre has confirmed that the merger of Cavendish Industries Ltd with the company is fully complete on the share distribution front. Under the scheme sanctioned by NCLT Jaipur on 20 November 2025, eligible shareholders of Cavendish were allotted 1,42,69,484 equity shares of JK Tyre (face value Rs 2) on 26 December 2025 at a swap ratio of 92 JK Tyre shares for every 100 Cavendish shares. Fractional entitlements of 3 shares were consolidated, sold in the open market at an average price of Rs 444 per share, generating Rs 1,332 in gross proceeds. After deducting Rs 319 in trustee income tax, Rs 1,013 was distributed to four eligible shareholders on 18 March 2026. Both the Audit Committee and Independent Directors have certified that the distribution complied with the SEBI Master Circular and the scheme terms.
This is a routine regulatory compliance filing closing the final step of the Cavendish amalgamation. No material impact on share price or operations is expected, as the merger itself was already completed in December 2025.