CEAT Limited — Important, 17-10-2024: Updates

CEAT Limited's Board approved the unaudited financial results for Q2 FY2024, reporting revenue of ₹329.81 crores and a profit after tax of ₹136.51 crores. The Board also authorized the issuance of up to ₹500 crores in Non-Convertible Debentures and approved the establishment of a wholly-owned subsidiary in Indonesia. The company's financial integrity is confirmed by a security cover ratio exceeding 125% for its listed debentures, ensuring robust compliance with regulatory standards.