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Sat, 22 Aug 2026
05:59:56 pm
Sat, 22 Aug 2026
05:59:56 pm
Synopsis
CEAT Limited approves an investment of up to ₹2.74 crore in wholly owned subsidiary Tyresnmore through a rights issue to strengthen its digital automotive retail and services business.
CEAT Limited has approved an additional investment of up to ₹2.74 crore in its wholly owned subsidiary, Tyresnmore Online Private Limited, through a rights issue of equity shares. The investment aims to strengthen the subsidiary's growth in the online automotive retail and services business while maintaining CEAT's 100% ownership.
The company disclosed the investment through a regulatory filing under Regulation 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The transaction will be completed through a cash subscription to the rights issue and is expected to be finalized by July 31, 2026.
CEAT's Board has approved an investment of up to ₹274 lakh (₹2.74 crore) by subscribing to 22,447 equity shares of Tyresnmore Online Private Limited.
The investment is being made through a rights issue, allowing CEAT to infuse fresh capital into its wholly owned subsidiary while retaining complete ownership.
The company clarified that the investment is a related-party transaction as Tyresnmore is its wholly owned subsidiary. However, the transaction will be executed at arm's length and in compliance with applicable provisions of the Companies Act and SEBI regulations.
| Particulars | Details |
|---|---|
| Parent Company | CEAT Limited |
| Subsidiary | Tyresnmore Online Private Limited |
| Investment Amount | Up to ₹2.74 Crore |
| Mode of Investment | Rights Issue |
| Shares to be Subscribed | 22,447 Equity Shares |
| Shareholding After Investment | 100% |
| Expected Completion | By July 31, 2026 |
Founded on June 2, 2014, Tyresnmore operates in India's automotive aftermarket segment.
The company sells automotive tyres, batteries, accessories, and also provides vehicle-related services including:
The company operates as CEAT's digital retail platform for automotive products and services.
Tyresnmore has reported consistent revenue growth over the past three financial years, indicating steady expansion of its business.
| Financial Year | Turnover |
|---|---|
| FY24 | ₹25.59 Crore |
| FY25 | ₹32.26 Crore |
| FY26 | ₹43.29 Crore |
The company generated a turnover of ₹43.29 crore during FY26, reflecting continued growth in its online automotive retail operations.
The latest capital infusion is intended to strengthen Tyresnmore's operations and support future business expansion.
Since Tyresnmore remains a wholly owned subsidiary, the investment does not change CEAT's ownership structure but provides additional financial resources for business growth.
The move also aligns with CEAT's strategy of strengthening its digital presence in India's growing automotive aftermarket ecosystem.
India's automotive aftermarket is witnessing rapid digital transformation, with increasing consumer preference for online tyre purchases, doorstep installation, and vehicle maintenance services. Companies are investing heavily in digital platforms to improve customer experience and expand service networks.
CEAT's continued investment in Tyresnmore reflects its focus on building a stronger omnichannel presence while leveraging digital platforms to drive long-term growth in the automotive services segment.
Investors should monitor Tyresnmore's revenue growth, expansion of its service network, digital sales performance, profitability, and CEAT's broader strategy to strengthen its presence in India's online automotive aftermarket.
| Highlights | Details |
|---|---|
| Company | CEAT Limited |
| Subsidiary | Tyresnmore Online Pvt. Ltd. |
| Investment Amount | Up to ₹2.74 Crore |
| Investment Mode | Rights Issue |
| Shares Subscribed | 22,447 |
| Ownership After Investment | 100% |
| FY26 Turnover | ₹43.29 Crore |
| Completion Timeline | By July 31, 2026 |
CEAT will invest up to ₹2.74 crore through a rights issue of equity shares.
No. Tyresnmore will continue to remain a 100% wholly owned subsidiary of CEAT.
Tyresnmore is engaged in selling automotive tyres, batteries, accessories, and providing tyre installation, wheel balancing, and wheel alignment services.
The investment is aimed at strengthening the subsidiary's operations and supporting future growth in India's expanding online automotive aftermarket.
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