The company records its deep appreciation for Sharma's services and contributions during his tenure. Following his resignation, Sharma will also no longer be considered a key managerial personnel, effective 12 December 2024. Tolins Tyres manufactures bias tyres for a wide range of vehicles, including light commercial, agricultural, and two- and three-wheelers, as well as precured tread rubber. Its products also include bonding gum, vulcanizing solutions, tyre flaps, and tubes. The businesses are divided into new tyre manufacturing and tread rubber production, with tyre retreading solutions offered in India and 40 countries. The company's consolidated net profit jumped 13.5% to Rs 9.60 crore in Q2 FY25 as against Rs 8.46 crore posted in Q2 FY24. Revenue from operations surged 64.2% YoY to Rs 76.88 crore in the quarter ended 30 September 2024. Powered by Capital Market - Live

Tolins Tyres will hold a meeting of the Board of Directors of the Company on 13 November 2024Powered by Capital Market - Live

Tolins Tyres will hold a meeting of the Board of Directors of the Company on 4 October 2024.Powered by Capital Market - Live

The scrip was listed at Rs 227, exhibiting a marginal premium to the issue price. So far, the stock has hit a high of 238.30 and a low of 226.50. On the BSE, over 1.35 lakh shares of the company were traded in the counter so far. The initial public offer (IPO) of Tolins Tyres was subscribed 23.89 times. The issue opened for bidding on 9 September 2024 and it closed on 11 September 2024. The price band of the IPO was fixed between Rs 215 to 226 per share. The IPO comprised a fresh issue of equity shares worth up to Rs 200 crore and an offer for sale (OFS) totaling Rs 30 crore by existing shareholders Dr. Kalamparambil Varkey Tolin and Jerin Tolin. The objectives of the fresh issue included Rs 69.96 crore to be used for repayment and/or prepayment of certain outstanding loans, Rs 75 crore for augmenting long-term working capital requirements, Rs 23.15 crore for investment in wholly owned subsidiary Tolin Rubbers, and for general corporate purposes. Ahead of the IPO, Tolins Tyres on 6 September 2024, raised Rs 68.99 crore from anchor investors. The board allotted 30.53 lakh shares at Rs 226 each to 8 anchor investors. Tolins Tyres is a tyre manufacturer of bias tyres used in a comprehensive range of vehicles, including light commercial, agricultural, and two- and three-wheeler vehicles as well as precured tread rubber. Ancillary products include bonding gum, vulcanizing solutions, tyre flaps, and tubes. The business is divided into two main verticals: new tyre manufacturing and tread rubber production. Tyre retreading solutions are offered in India and exported to 40 countries, including the Middle East, East Africa, Jordan, Kenya, and Egypt. Exports contributed 5.38% to consolidated revenue, while the domestic market accounted for 94.62% in FY 2024. The firm reported a consolidated net profit of Rs 26.01 crore and Sale of Rs 227.22 crore for the twelve months ended on 31 March 2024. Powered by Capital Market - Live

The equity shares of Tolins Tyres (Scrip Code: 544254) are listed effective 16 September 2024 and admitted to dealings on the Exchange in the list of ''T'' Group Securities. Powered by Capital Market - Live