CEAT Limited — Others, 29-07-2025: Shareholders meeting

Company has issued its Annual Report and called its 66th Annual General Meeting. It posted consolidated revenue of Rs. 13,218 crore for FY25, up 10.7%. However, consolidated net profit was Rs. 471.37 crore, impacted by rising raw material costs, despite strong revenue growth. The company's gross debt stands at Rs. 1,928.35 crore, with a healthy debt-to-EBITDA ratio of 1.29x. A dividend of Rs. 30 per share has been put forward for approval. Key strategic moves include an agreement to acquire Michelin's Camso off-highway tire business, expected to diversify and improve margins. Capacity expansions are underway, and the board has approved raising up to Rs. 1,000 crore via non-convertible debentures for future needs. The Managing Director & CEO's re-appointment was also noted.