CEAT has approved an investment of up to ₹2.74 crore in its wholly owned subsidiary, Tyresnmore Online, by subscribing to its rights issue. According to latest reports, the company will subscribe to 22,447 fully paid-up equity shares of Tyresnmore Online with a face value of Re 1 each. The shares are expected to be allotted to CEAT by Tyresnmore latest by July 31, 2026, with the consideration to be paid in cash through normal banking channels. Following this investment, CEAT's shareholding in the subsidiary will continue to remain at 100%.
Tyresnmore Online is engaged in the business of selling automotive tyres, batteries, and accessories and providing services of installing, fitting, wheel balancing and wheel alignment for automotive tyres. As reported by latest data, the subsidiary was incorporated on June 2, 2014, and is based in New Delhi. The company's financial performance has shown consistent growth over the past three fiscal years, with turnover increasing from ₹2,558.64 lakhs in FY 2023-24 to ₹3,225.73 lakhs in FY 2024-25, and further rising to ₹4,329.13 lakhs as on March 31, 2026. The proposed investment falls under the purview of related party transactions under Section 177 of the Companies Act, 2013, and Regulation 23 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and is being conducted at arm's length.
CEAT's consolidated surged over two-fold to ₹243.85 crore in Q4 FY26 compared with ₹99.49 crore in Q4 FY25, according to Business Standard reports. The company's net sales jumped 23.3% YoY to ₹4,218.89 crore in Q4 FY26. The counter declined 1.52% to settle at ₹3,855 on Wednesday, 8 July 2026. Historical stock performance shows CEAT has delivered strong returns with +1.61% in 1 day, +7.87% in 5 days, +26.23% in 1 month, +196.72% in 6 months, and +1.82% in 5 years.
CEAT, the flagship company of RPG Enterprises, was established in 1958 and is one of India's tyre manufacturers with a strong presence in global markets. As reported by Business Standard, the company produces more than 41 million high-performance tyres, catering to various segments like 2-3 wheelers, passenger and utility vehicles, commercial vehicles and off-highway vehicles. The transaction represents CEAT's continued focus on strengthening its position in the automotive ancillary sector through strategic investments in its wholly owned subsidiary.
