Announced Fri, 17 Jul · 14:23 IST
Postal ballot for sale of entire retread business
Board & Shareholder Meetings View source PDF
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-6.9%1-day move
₹42.00
prior close
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base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-6.9-6.7-4.8-4.8-4.8-8.3————
Up moveDown movePending
AI summary
Vamshi Rubber has sent a postal ballot to shareholders seeking approval to sell its entire tyre retreading business as a special resolution. The board says the retread business is in structural decline due to radialisation of commercial vehicle tyres, better roads, and EV transition. No buyer has been identified yet; a valuer and advisor will be appointed. Sale proceeds will be used to repay debt and pursue new business opportunities. E-voting runs July 18 to August 16, 2026.
Likely market impact
Major business pivot. Company exiting core retread segment; stock reaction depends on valuation and buyer found.