CEAT Limited — Important, 17-08-2026: Committee Meeting Updates

CEAT Limited's committee has approved converting USD 24.5 million of an existing inter-company loan into equity shares of its wholly-owned subsidiary, CEAT OHT Lanka (Private) Limited. This financial restructuring strengthens the subsidiary's balance sheet by converting debt into equity, without requiring any new capital infusion from the parent company. CEAT OHT Lanka, which reported a turnover of INR 420.6 Cr in FY2025-26, will continue as a 100% wholly-owned subsidiary. This move enhances the financial stability of the automotive tyre subsidiary, benefiting overall group operations. The conversion is subject to necessary approvals.