BSECompany Update2d ago · 23 Sept 2026, 03:53 pm

General Updates

Ceat Ltd · 500878

✦ AI SummaryDebt Restruc.

Ceat Ltd has disclosed the conversion of a portion of its pre-existing inter-company loan into equity shares of its wholly-owned subsidiary, CEAT OHT Lanka (Private) Limited, in Sri Lanka, with the approval of the Board of Investment (BOI). The loan conversion agreement has been executed, and additional equity shares have been issued by the subsidiary.

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Earnings Impact2/10
Growth Catalyst3/10
Governance Concern1/10
Regulatory Risk4/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment5/10

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Ceat Ltd - 500878 - General Updates

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September 23, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Bandra (East), Mumbai 400 001 Mumbai 400 051 Security Code: 500878 Symbol: CEATLTD NCD symbol: CL30 Dear Sir/Madam, Sub: Disclosure under Regulation 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Further to the Company's disclosure dated August 17, 2026, regarding the proposed conversion of a portion of the pre-existing inter-company loan, for an amount of USD 24.5 million into equity shares of CEAT OHT Lanka (Private) Limited, a wholly owned subsidiary (WOS) of the Company, please note that the loan conversion agreement between the Company and WOS, for the aforesaid amount has been executed on September 23, 2026 and additional equity shares have been so issued by the WOS, consequent upon approval by the Board of Investment (BOI), Sri Lanka. The details as per relevant SEBI Circular(s) are enclosed herewith as Annexure. This is for your information. Thanking you, Yours faithfully, For CEAT Limited (Gaurav Tongia) Company Secretary Annexure Conversion of pre-existing inter-company loans into equity shares Sr. No Particulars Details 1 Name of the target entity, CEAT OHT Lanka (Private) Limited details in brief such as size, Size/Turnover: INR 4,206 Million turnover etc. 2 Whether the acquisition Being a wholly owned subsidiary (‘WOS’), the said entity is a would fall within related related party of the Company. party transaction(s) and whether the promoter/ Further except, to that extent as aforesaid, the Promoter / promoter group/ group promoter group / group companies of CEAT Limited, do not have companies have any any other interest in the said entity. interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at "arm's length" 3 Industry to which the Automotive Tyres, Tubes, Tracks and other ancillary entity being acquired products/activities belongs 4 Objects and impact of Partial conversion of outstanding inter-company loan into equity acquisition (including but shares of the said WOS. The total loan amount is USD 80 million not limited to, disclosure of out of which USD 24.5 million has been so converted into equity reasons for acquisition of shares of the WOS. target entity, if its business is outside the main line of business of the listed entity) 5 Brief details of any Approval by the Board of Investment (BOI) in Sri- Lanka, as governmental or regulatory required under local norms, received for the said conversion. approvals required for the acquisition 6 Indicative time period for NA, since the shares are arising out conversion of loan. completion of the acquisition 7 Consideration - whether cash Conversion of loan amounting to LKR 8,218,525,000 (USD consideration or share swap equivalent of 24.5 Millon), into 12,788,094 ordinary shares at a or any other form and details subscription price of LKR 642.67 per share of the same 8 Cost of acquisition and / or the price at which the shares are acquired 9 Percentage of shareholding The said conversion will not cause any change in the percentage / control acquired and / or shareholding and CEAT OHT Lanka (Private) Limited will continue number of shares acquired to remain a 100% WOS of the Company. 10 Brief background about CEAT OHT Lanka (Private) Limited is a WOS incorporated on the entity acquired in terms March 3, 2025, with its registered office in Sri- Lanka. of products/line of business acquired, date of incorporation, history of last CEAT OHT Lanka (Private) Limited is, engaged inter alia, in the 3 years’ turnover, country business of selling Automotive Tyres, Tubes, Tracks and other in which the acquired entity has presence and any ancillary products/activities. other significant information (in brief) Last 3 years Turnover: a. FY2023-24- Nil b. FY2024-25- Nil c. FY2025-26 - INR 4,206 Million (Since the entity was incorporated on March 3, 2025, information available for the relevant period is being provided)