JK Tyre & Industries Announces AGM 2026: Approves Re-appointment of Dr. Raghupati Singhania as Chairman & Managing Director

JK Tyre & Industries Announces AGM 2026: Approves Re-appointment of Dr. Raghupati Singhania as Chairman & Managing Director

JK Tyre & Industries Announces AGM 2026: Approves Re-appointment of Dr. Raghupati Singhania as Chairman & Managing Director​

JK Tyre & Industries Ltd. is scheduled to hold its 73rd Annual General Meeting (AGM) on Thursday, August 6, 2026, at the Registered Office in Kankroli, Rajasthan. The AGM will address key corporate decisions, including the adoption of audited financial statements, dividend declaration, and the re-appointment of senior management personnel.

The agenda includes consideration of the audited standalone and consolidated financial statements for the financial year ended March 31, 2026. Furthermore, members are called upon to consider and pass resolutions regarding the re-appointment of Smt. Sunanda Singhania as a non-executive Director, the remuneration approval for Shri Bharat Hari Singhania, and the re-appointment of Dr. Raghupati Singhania as Chairman & Managing Director.

Operational Highlights and Financial Standing​

The AGM addresses the company’s performance against its foundational journey in the tyre business. The enterprise started with an annual capacity of 5 lakh tyres in 1977. Through continuous expansion and upgrades, JK Tyre has grown significantly, currently boasting a total capacity of 380 lakh tyres per annum.

Financial performance indicators for the financial year ended March 31, 2026, stand as follows:

ParticularsValue (₹ in Crore)
Sales and Other Income14,668.99
Profit before Interest, Depreciation and Tax (PBIT)1,964.68
Profit Before Tax1,001.83

The company also reported a significant increase in scale, with its total income growing from ₹110 Crore in 1983 to ₹16,384.28 Crore for the year ended March 31, 2026, on a consolidated basis. The profit before interest, depreciation and tax rose from ₹13 Crore in 1983 to ₹2,089 Crore for the same period.

Key Management Appointments and Remuneration​

Dr. Raghupati Singhania’s Re-appointment
The Board of Directors has recommended the re-appointment of Dr. Raghupati Singhania as Chairman & Managing Director for a tenure of five years, effective from October 1, 2026.

Dr. Singhania is an industrialist with approximately 59 years of experience in managing various industries including Automotive Tyres and Tubes. He has served on the Board since May 29, 1967. Under his guidance, JK Tyre transitioned from a local operation to one of the top 20 tyre companies globally.

The proposed remuneration structure for Dr. Singhania is as follows:
  • Salary: ₹100.0 Lakh per month, within a range of ₹90.0 Lakh to ₹140.0 Lakh.
  • Commission: 2% of the net profits computed under Section 198 of the Companies Act, or more as may be decided by the Board.

Shri Bharat Hari Singhania's Remuneration
The meeting is required to approve the payment of annual remuneration for Shri Bharat Hari Singhania as a non-executive Director for the financial year ending March 31, 2027. This approval is needed as his remuneration may exceed fifty per cent of the total annual remuneration payable to all non-executive Directors.

Re-appointment of Smt. Sunanda Singhania
Smt. Sunanda Singhania, who has been a non-executive Director since August 12, 2014, is eligible for re-appointment and retirement by rotation at the AGM. She brings experience in community service, sustainability, and corporate social responsibility.

Audit and Cost Auditor Ratification​

The members are also asked to ratify the remuneration of M/s R.J. Goel & Co., appointed as the Cost Auditors. The payment for this role is set at ₹3.50 Lakh per annum, in addition to applicable taxes and reimbursement of actual expenses of travel outside Delhi.

AGM Details​

The Annual General Meeting of JK Tyre & Industries Ltd. is scheduled for Thursday, August 6, 2026, at 3:15 P.M. IST at its Registered Office located in Kankroli, Rajasthan.

JKTYRE Stock Price Movement​

Shares of JK Tyre & Industries Limited shed 0.07% today, settling at ₹410.1 in the close. The stock saw trading activity of just over one million shares during the session.
 

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