Net profit of JK Tyre & Industries declined 44.22% to Rs 135.04 crore in the quarter ended September 2024 as against Rs 242.11 crore during the previous quarter ended September 2023. Sales declined 7.08% to Rs 3621.56 crore in the quarter ended September 2024 as against Rs 3897.53 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales3621.563897.53 -7 OPM %11.6315.12 - PBDT322.78487.71 -34 PBT209.60379.67 -45 NP135.04242.11 -44 Powered by Capital Market - Live News

JK Tyre & Industries will hold a meeting of the Board of Directors of the Company on 5 November 2024Powered by Capital Market - Live News

JK Tyre & Industries announced that Kalpataru Tripathy (DIN - 00865794) and Vimal Bhandari (DIN - 00001318), Independent Directors, ceased to be Directors of the Company with effect from25 September 2024, upon completion of their respective tenures asIndependent Directors, on 24 September 2024.Powered by Capital Market - Live News

The Board of JK Tyre & Industries at its meeting held on 16 September 2024 has approved the draft Scheme of Amalgamation of Cavendish Industries (Transferor Company) with the Company and their respective shareholder. Powered by Capital Market - Live News

JK Tyre & Industries has allotted 1,32,96,398 equity shares of face value of Rs 2 each on conversion of 24,000 fully paid Compulsorily ConvertibleDebentures (carrying an interest at the rate of 6% per annum, compounded cumulatively on a quarterly basis) of face value of Rs. 1,00,000/- each (CCDs),issued to International Finance Corporation, a Qualified Institutional Buyer, by way of a preferential issue on a private placement basis, at a conversion price of Rs 180.50 per equity share. Pursuant to aforesaid allotment of equity shares on conversion of CCDs, the issued, subscribed and paid-up equity share capital of the Company stands increased from 26,07,23,629 Equity Shares of Rs 2/- each to 27,40,20,027 equity shares of Rs 2/- each (all fully paid-up). Powered by Capital Market - Live News