JK Tyre & Industries will hold a meeting of the Board of Directors of the Company on 4 February 2025.Powered by Capital Market - Live News

International Finance Corporation (IFC) has sanctioned a $ 100 million Sustainability-Linked Loan (SLL) to JK Tyre & Industries (JK Tyre). The funding includes $30 million to JK Tyre and up to $70 million for Cavendish Industries (CIL), a subsidiary of JK Tyre. The funding will support the expansion of tyre manufacturing capacity, focusing on Passenger Car Radial (PCR) tyres at JK Tyre`s Banmore plant in Madhya Pradesh and Truck and Bus Radial (TBR) tyres at CIL`s Laksar plant in Uttarakhand. The initiative aims to promote energy-efficient tyre production, strengthen local supply chains, and create jobs.Powered by Capital Market - Live News

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