Goodyear India Ltd — Updates, 04-07-2025: Company Update

Goodyear India has announced a board meeting on July 4, 2025, where it reviewed a fact-finding report by Ernst & Young LLP concerning inventory shortfall at its Ballabgarh plant. The review identified a net shortage of 4,571 farm tyres valued at about INR 3.91 Cr, primarily due to theft involving collusion among contractual workers, security, and loading personnel. The company has recognized the financial impact in earlier financials and is taking legal and disciplinary actions. Enhanced security measures and tighter internal controls are now being implemented to prevent recurrence, reinforcing governance and protecting shareholder interests.