Tbk completes share issuance, Brakes India becomes top shareholder

Tbk Corporation confirmed today the completion of payment for its third-party allocation of new shares to Brakes India Private Limited, originally decided on November 21, 2025. This transaction, occurring between December 8 and December 12, 2025, involved the issuance of 3,269,500 new common shares at a price of 348 yen per share, raising a total of 1,137,786,000 yen.

As a result of this allocation, Brakes India Private Limited, now holding 3,269,500 shares, has become Tbk's largest major shareholder, representing a 10.05% voting rights stake. The total number of outstanding shares for Tbk has increased to 32,694,135, with the capital stock rising to 5,186,202,545 yen post-issuance. Brakes India Private Limited is based in Chennai, India, specializing in the manufacturing and sale of automotive brakes and castings, with a capital of 174,642,400 Indian rupees.

Tbk noted that the full impact of these changes is currently under review, with further disclosures to be made as necessary.