Tolins Tyres Limited has informed the Exchange about General Updates, With reference to above mentioned subject matter and pursuant to Regulation 30 of SEBI (Listing Obligation and Disclosures Requirements) Regulations, 2015, pursuant to our earlier communication dated May 28, 2025 w.r.t Formation of wholly owned Subsidiary Company for new line of Business in rubber Industry, we wish to inform you that the wholly owned subsidiary ( WOS ) of the Company ( Tolins Tyres Limited) in the name and style of Terra Rubber Private Limited is proposed to be incorporated. The Board of Directors of the company in their meeting held on 08.07.2025 has approved for making investment in proposed Wholly Owned subsidiary.
TOLINS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Tolins Tyres is setting up a new wholly owned subsidiary called Terra Rubber Private Limited, focused on the rubber recycling business, including collection, processing and disposal of waste tyres, and production of reclaim rubber, crumb rubber, rubber powder, pyrolysis oil and carbon black. The board approved the investment on July 8, 2025, with an initial capital of Rs. 1 lakh (10,000 equity shares of Rs. 10 each), making it a 100% subsidiary. The WOS will be incorporated in Kalady, Kerala, within 120 days. The move is aimed at backward integration (powdered rubber as a key raw material) and helping Tolins meet its Extended Producer Responsibility (EPR) compliance for tyres.
This is a small initial capital outlay but a strategically meaningful step — it gives Tolins control over its rubber raw material supply chain and supports regulatory compliance. Shareholders should view it as a long-term diversification play rather than an immediate earnings catalyst; future capital infusion into the WOS will be the key thing to watch.