JK Tyre & Industries Limited — Others, 15-05-2025: Monitoring Agency Report

JK Tyre & Industries Ltd has shared a CARE Ratings report confirming full utilization of Rs. 240 crore raised through Compulsorily Convertible Debentures. Rs. 21.45 crore was spent during the quarter on capital expenditure, mainly supporting manufacturing capacity expansion and investments in its subsidiary Cavendish Industries. The remaining funds were used for general corporate purposes as planned, with no deviations from the intended use. This disciplined fund deployment supports the company’s growth plans and operational strengthening.