JK Tyre & Industries Limited — Credit Ratings, 29-08-2025: Credit Rating

CARE Ratings reaffirmed Cavendish Industries' (JK Tyre subsidiary) bank facility ratings at CARE A+ / CARE A1, maintaining a "Rating Watch with Positive Implications." This reflects the ongoing amalgamation with JK Tyre, strong parental support, and Cavendish's significant contribution (27% of JKTI's FY25 revenue), despite recent profitability moderation.