Tolins Tyres Limited has informed the Exchange about the incorporation of wholly owned subsidiary for new line of business in rubber industry.
TOLINS · price
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Tolins Tyres Limited has incorporated a 100% wholly owned subsidiary named 'Terra Rubber Private Limited' on July 28, 2025, based in Kerala. The new subsidiary has an authorized and subscribed capital of Rs. 1 lakh (10,000 equity shares of Rs. 10 each). Its core business will focus on collection, recycling, and reprocessing of used and waste tyres and rubber products, including manufacturing of reclaim rubber, crumb rubber, rubber powder, and other by-products. The move is aimed at backward integration, securing raw materials for Tolins' tyre production, ensuring quality recycled rubber, and supporting the company's Extended Producer Responsibility (EPR) compliance.
This is a small, strategic step toward raw material self-sufficiency and sustainability compliance. Since the subsidiary is newly incorporated with minimal capital, there is no immediate material financial impact, but it signals Tolins' long-term focus on circular economy and cost control in the rubber value chain.