JK Tyre & Industries: Creditors approve Cavendish merger scheme

JK Tyre & Industries Limited announced that its unsecured creditors and equity shareholders have approved the proposed scheme of amalgamation of Cavendish Industries Limited with JK Tyre & Industries Limited. The approval was granted during a meeting held on Wednesday, September 3, 2025.

The meeting for unsecured creditors and equity shareholders took place today, September 3, 2025. The proceedings were conducted via video conferencing and other audio-visual means.

This approval follows directions from the National Company Law Tribunal, Jaipur Bench, as detailed in an order dated June 12, 2025, and an interlocutory application no. 27/2025 in company application no. CA (CAA) No. 5/2025 dated July 10, 2025. The resolution received the requisite majority approval from both unsecured creditors and equity shareholders.