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News Topical, Digital Desk : JK Tyre & Industries Ltd provided a major merger update after the stock market closed on Friday. The company informed the exchanges that its board has set December 24, 2025, as the record date for the merger with its subsidiary Cavendish Industries Ltd. The company informed the exchanges that the board has accepted the certified copy of the order passed by the NCLT Jaipur Bench on November 20, 2025, which was received by the company on November 24.
The Board has set the effective date of the merger scheme as December 22, 2025, which will become operative from April 1, 2025. Furthermore, with the consent of the Board and the transferor company, December 24, 2025 has been declared as the record date on which eligible shareholders of Cavendish Industries will be allotted JK Tyre shares.
What will happen to shareholders? After the scheme is implemented, Cavendish Industries Ltd. will merge with JK Tyre and will cease to exist as an independent entity from the effective date. The company has announced that JK Tyre will issue 92 shares of the company for every 100 shares of Cavendish Industries.
Share Performance The company's shares closed at ₹447.80 on Friday, down 0.11%. Over the past year, the company's shares have gained 18.67%.
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