JK Tyre Sets December 24, 2025, as Record Date for Share Allocation Post-Cavendish Industries Merger Approval

JK Tyre & Industries Ltd has officially fixed December 24, 2025, as the record date for determining shareholders of Cavendish Industries Ltd eligible for equity shares under its approved merger scheme. The merger, now effective from December 22, 2025, follows a green signal from the NCLT Jaipur Bench. 

Merger Becomes Effective December 22, 2025 

The board of JK Tyre has taken on record the certified order by the National Company Law Tribunal (NCLT) approving the merger of its subsidiary, Cavendish Industries Ltd, into the parent company.  

With December 22, 2025, set as the effective date, the scheme will be implemented from the appointed date of April 1, 2025. As of the effective date, Cavendish Industries will stand amalgamated into JK Tyre and will cease to exist as a separate legal entity. 

Record Date and Share Allotment 

December 24, 2025, has been designated as the record date for the purpose of identifying Cavendish Industries shareholders eligible to receive JK Tyre equity shares. The share exchange ratio and all related adjustments will apply based on this date, streamlining the transition post-merger. 

Stake Sale by JK Tornel 

Earlier in November 2025, JK Tyre’s foreign subsidiary, JK Tornel SA de CV, agreed to sell 40,00,000 equity shares of Cavendish Industries to SMMS Trust for ₹130.64 crore. Despite this transaction, Cavendish continued as a subsidiary to JK Tyre until the finalisation of the merger. 

Read More: Tata Chemicals to Expand Soda Ash Capacity with ₹135 Crore Investment! 

JK Tyre & Industries Share Price Performance 

As of November 28, 2025, at 3:30 PM, JK Tyre & Industries share price on NSE was ₹447.00 down by 0.29% from the previous closing price. 

Conclusion 

The approved merger of Cavendish Industries with JK Tyre, effective from December 22, 2025, and with December 24, 2025, set as the record date, marks a strategic consolidation step for the company. It is expected to enhance internal efficiencies and support long-term structural alignment. 

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