JK Tyre's authorized share capital boosted following Cavendish amalgamation

JK Tyre & Industries Ltd. (JK Tyre) has officially announced the effectiveness of its scheme of amalgamation with Cavendish Industries Ltd. (Cavendish Industries), as sanctioned by the National Company Law Tribunal (NCLT) on November 20, 2025. The scheme became effective on December 22, 2025, with an operative date of April 1, 2025. Consequently, Cavendish Industries, previously a subsidiary, has been dissolved without winding up.

This amalgamation combines the authorized share capital of both entities, leading to an increase in JK Tyre's authorized share capital. Clause 5 (Capital Clause) of the Memorandum of Association has been updated to reflect an authorized share capital of INR 5,180,00,00,000. This is divided into 20,62,50,00,000 equity shares of INR 2 each, 55,00,000 preference shares of INR 100 each, and 1,00,00,00,000 unclassified shares of INR 10 each.

The updated clause also grants the power to classify or reclassify unclassified shares into equity or preference shares, and to define preferential, qualified, or special rights, privileges, or conditions in accordance with the Companies Act, 2013, and the Articles of Association.