CEAT Accelerates Growth: Board Gears Up to Greenlight Major Fundraising Drive on June 25

India's leading tyre manufacturer CEAT Ltd announced that its Board of Directors will meet on June 25, 2025, to consider raising funds as part of its ongoing policy to fuel growth and strengthen its finances. It comes after consecutive board meetings in June to raise capital, including for up to ₹500 crore issue of Non-Convertible Debentures (NCDs), which has just received a positive credit rating outlook from CARE Ratings.

 

The aggressive growth strategy of the company in FY26 is backed by a capex outgo of ₹900–1,000 crore, focusing on passenger car and truck/bus radial tyre segment capacity growth. Although quarter-on-quarter net profit eased slightly in the latest quarter, CEAT continues to report healthy revenue growth and rising investor sentiment, its shares recently touching an all-time high of ₹4,042.95.

 

Key Highlights

With a clear vision, prudent stewardship of finances, and a global market focus, CEAT's future board selection will determine its next growth cycle.

 

Source: Business Standard, StockInsights.ai, Chemindigest.com, BlinkX