Sub: Outcome of the Board Meeting held on July 25, 2023
In continuation of our letter dated July 14, 2023 and pursuant to Regulation 30 and 52 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the Board of Directors of the Company at its meeting held today, i.e. on Tuesday, July 25, 2023, inter-alia, considered and approved the following:
Unaudited Financial Results (Standalone and Consolidated) of the Company, for the quarter ended June 30, 2023, which are enclosed herewith, together with the respective Limited Review Reports issued by the Statutory Auditors of the Company and taken on record by the Board.
The issuance of listed/unlisted, secured/unsecured, redeemable Non-Convertible Debentures ("NCDs") or such other debt securities, on a private placement basis, in one or more series/ tranches, up to an amount of Rs. 500 Crores (Rupees Five Hundred Crores only), as may be deemed appropriate, in accordance with the approval of the shareholders granted at the Annual General Meeting of the Company held on July 5, 2023 and authorized the Finance and Banking Committee of the Board of the Company to take such necessary steps in this regard, including finalization of the terms of issuance of NCD or such other debt securities. Accordingly, necessary disclosures as prescribed under the SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023 read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 shall be made upon such applicable actions being taken by the Finance and Banking Committee.
Setting up of an entity in the Federative Republic of Brazil for the purpose of business support in the relevant jurisdiction(s), subject to such other approvals including Regulatory approvals required in this regard.
DD/GJ
Further, pursuant to Regulation 54(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 the Security Cover Certificate as on June 30, 2023, certified by the Statutory Auditors of the Company is also enclosed herewith.
The Board meeting commenced at 3:00 p.m. and concluded at 5.45 p.m.
We request you to kindly take the above on record.
Thanking you,
Yours faithfully,
For CEAT Limited
VALLARI by VALLARI
KEDAR
Digitally signed
KEDAR GUPTE
Date: 2023.07.25
GUPTE
17:45:49 +05'30'
Vallari Gupte
Company Secretary & Compliance Officer
Encl. A/a
DD/GJ
Attachments
Original Link
Original Document
Permalink
Disclaimer
CEAT Limited published this content on 25 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 July 2023 15:36:22 UTC.
CEAT Limited is an India-based tire company. The Companyâs principal business is manufacturing of automotive tires, tubes and flaps. The Company manufactures tires for a broad range of vehicles, including two/three wheelers, passenger and utility vehicles, commercial vehicles, and off-highway vehicles. The Company's tire categories include car, bike and scooter tires. It offers tires for various cars such as Maruti Alto, Maruti Alto K10, Maruti Swift, Maruti Swift Dzire and Maruti Wagon R. It offers tires for various bikes such as Hero Splendor, Hero Passion, Honda Shine, Honda Dream, Honda Unicorn, TVS Apache, Yamaha FZ, Royal Enfield, Bajaj CT 100/110, Bajaj Platina and Bajaj Dominar. It offers tires for various scooters such as Honda Activa, Suzuki Access, TVS Jupiter and Hero EZ. CEAT.com, its e-commerce Website, where customers can opt for doorstep tire delivery, fitment at home or they can pick up from an authorized store (physically). The Company also sells cricket bats.
CEAT LIMITED 
