Goodyear India Ltd

AGM Details

• AGM held on August 12, 2026 at 10:00 AM via VC/OAVM.
• Cut-off date for voting rights: August 5, 2026.
• Remote e-voting Aug 9–11, 2026; AGM e-voting via NSDL.

Key Resolutions & Results

• Item 1 (Ordinary): Adoption of Audited Financial Statements; passed.
• Item 2 (Ordinary): Final dividend of INR 26.50 per share; passed.
• Item 3 (Ordinary): Re-appointment of Sandeep Garg as Whole Time Director; passed.
• Item 4 (Ordinary): Ratification of Cost Auditors remuneration for FY2027; passed.
• Item 5 (Special): Waiver of recovery of excess MD remuneration for 2025-26; passed.
• Item 6 (Special): Waiver of recovery of excess remuneration for all Directors; passed.
• Item 7 (Special): Minimum remuneration for MD in no-profit scenario for 3 years; passed.
• Item 8 (Special): Minimum remuneration for WTD/CFO in no-profit scenario for 3 years; passed.
• Item 9 (Special): Appointment of Rohitashv Sharma as Whole Time Director; passed.

Dividend

• Final dividend of INR 26.50 per equity share approved.

Director Changes

• Re-appointment of Sandeep Garg as Whole Time Director (retiring by rotation).
• Appointment of Rohitashv Sharma as Whole Time Director.

Auditors

• Remuneration of Cost Auditors for FY2027 ratified.

AGM details

• AGM held on 12 August 2026 at 10:00 A.M. IST via VC/OAVM.
• Quorum: 643 members representing 1,70,71,118 shares.

Resolutions and outcomes

• Adopt financial statements for year ended 31 March 2026.
• Declare final dividend of Rs 26.50 per equity share.
• Re-appoint Sandeep Garg as director (retiring by rotation).
• Ratify remuneration of Cost Auditors for FY 2027.
• Waiver of excess MD remuneration for FY 2025-26.
• Waiver of excess remuneration for all Directors and Executives for FY 2025-26.
• Approve minimum MD remuneration in no/low profit scenario for 3 years.
• Approve minimum WTD remuneration in no/low profit scenario for 3 years.
• Appoint Rohitashv Sharma as Whole Time Director.

Other governance

• Scrutinizer appointed for voting; results declared by Company Secretary.

Financial results and notes

• Unaudited standalone results for quarter ended 30 June 2026 approved; limited review report issued.
• Exceptional item: reversal of past service cost Rs 818 lakh; earlier Rs 2,177 lakh recognised.
• Past service cost arose due to Labour Codes; affects year ended 31 March 2026.
• Only one operating segment: Automotive tyres, tubes & flaps.
• Audit Committee reviewed results; Board approved; available on the company website.
• Statutory auditors provided limited review; Deloitte Haskins & Sells LLP.

Dematerialisation status

• Security certificates for dematerialisation were mutilated and cancelled after verification; depository name substituted as registered owner.
• Certificate from Registrar and Share Transfer Agent certifying compliance enclosed.

Overview

• Standalone BRSR for FY2025-26 by Goodyear India Ltd.
• Core business: manufacturing and trading tyres, tubes and flaps account for 100% turnover.
• Plant/office footprint: 1 plant nationally; 7 offices; 8 locations total.
• Markets: Pan-India operations with 10+ international markets; exports 1.38% of turnover.
• Reporting period: April 1, 2025 to March 31, 2026.

Key ESG Risks & Opportunities

• Decarbonization: net-zero by 2050; 2030 targets; Scope 1/2 −46%; Scope 3 −28%.
• Circularity: emphasis on circular materials and end-of-life tire management.
• Climate adaptation: business continuity plans and GPSNR involvement.
• Regulatory/compliance: robust monitoring to adapt to evolving rules.
• Advanced mobility: opportunities for new products and services.
• Human rights: risk in value chain with due diligence and governance.

Governance & Policy Highlights

• Highest authority: Chairman and Managing Director.
• ESG oversight: CSR Committee, Audit Committee, and Risk Management Committee.
• Key policies: Anti-bribery, Supplier Code, Global Human Rights Policy (updated 2025), Integrity Hotline.
• Compliance: quarterly reviews; no external assurance disclosed.
• Training: 100% coverage for board, KMPs, and employees on BR policies.
• Policy access: BR policies available via investor-relations portal.

Social Responsibility & Workforce

• Total employees: 496; total workers: 1,547.
• Board female representation: 16.7%; female employees 8.5%; female workers 4.2%.
• LTIFR: employees 0; workers 1.96; total injuries: 0 employees, 6 workers.
• On-site health facilities: 24/7 Occupational Health Centre with ambulance.
• HR/right-to-work: 93% employees trained on human rights; 40% workers; 100% on health/safety.
• Grievance mechanisms: Integrity Hotline and Speak Up channels; multiple reporting avenues.

Environmental Performance

• Total energy: 410,723 GJ; renewables: 222,133 GJ; non-renewables: 188,589 GJ.
• Energy intensity: 1.67 GJ per lakh turnover; PPP: 33.9.
• Scope 1: 1,041 tCO2e; Scope 2: 34,474 tCO2e; total ~35,515 tCO2e.
• GHG intensity: 0.14 tCO2e per lakh turnover; PPP 2.93.
• Water withdrawal: 332,168 m3; water intensity: 1.35 per lakh turnover.
• Zero Liquid Discharge implemented; ETP/STP/RO; recycled water for cooling/gardening.
• Waste: total 9,976 t; 9,951 t recycled; 24.75 t incinerated.
• EPR applicable for waste tyres and packaging; certificates purchased as required.
• Air emissions: NOx 21 mg/Nm3; SOx 7 mg/Nm3; PM 47 mg/Nm3.
• External energy audit conducted by A-Z Energy Engineers Pvt Ltd.

Stakeholder Engagement & Complaints

• Key stakeholders: employees/workers, customers, suppliers, regulators, investors, communities.
• Engagement channels: intranet, email, meetings; supplier meets; regulators; trade associations.
• Customer complaints: 171 filed in FY2025-26; resolved by year-end.
• Employee/worker complaints: discrimination and health/safety concerns addressed; ethics hotline used.
• Data privacy/cyber: 0 data breaches; privacy program overseen by Global Privacy Steering Committee.

Other Notable Metrics

• Affiliations: 3 trade associations (ATMA, FIA, AMCHAM).
• Supply chain: 98.5% of raw material suppliers assessed in 2025.
• Input material sourcing: 13% directly from MSMEs; 6% from within India.
• RPTs: purchases from related parties 44%; sales to related parties 0.4%.
• Wages: female wages 2.4% of total wages; median remuneration data provided.
• Accounts payable days: 79.

Financial performance

• Revenue from operations: Rs 2,47,588 Lakhs; down 5.07% YoY.
• Total income: Rs 2,49,458 Lakhs; lower than 2,62,557.
• PBT: Rs 8,316 Lakhs; up 11.36% YoY.
• PAT: Rs 6,150 Lakhs; EPS Rs 26.66.
• Tax: Current 2,753; Deferred (587); total 2,166.
• Final dividend proposed: Rs 26.50 per share.
• Capex incurred: Rs 1,475 Lakhs; lower than prior year.
• Cash from operations: Rs 11,228 Lakhs.
• No borrowings; lease liabilities Rs 2,695; undrawn facilities Rs 12,097.

Operations & segment performance

• Farm OE declined 7%; Farm Replacement declined 7% in FY26.
• Consumer Replacement: premium launches like Assurance MaxGuard SUV; distribution expansion.
• Segment revenue: Tyres 235,103; Tubes 11,084; Flaps 36; Total 246,223.
• India revenue 242,827; Exports 3,396; Total revenue 246,223.

Dividend & AGM details

• 65th AGM on Aug 12, 2026 at 10:00 IST via VC/OAVM.
• Final dividend Rs 26.50 per equity share; Rs 6,113 Lakhs; subject to approval.
• Book closure: Aug 6–12, 2026.
• Remote e-voting: Aug 9–11, 2026 via NSDL.
• Dividend payment within 30 days of AGM if approved.

Capital structure & liquidity

• No debt; lease liabilities 2,695; equity 60,619.
• Cash & cash equivalents: 23,134; undrawn facilities: 12,097.
• Operating cash flow: 11,228; capital expenditure cash outflow: 1,368; capex incurred: 1,475.
• Trade payables and other liabilities align with operations; liquidity adequate.

Governance & risk management

• Statutory auditors: Deloitte Haskins & Sells LLP; no qualifications.
• Secretarial auditors: Chandrasekaran Associates; no qualifications.
• Board meetings: 10 in FY26; governance processes robust.
• Key board changes: Rohitashv Sharma appointed Additional Director 01-Jun-2026; WTD for 5 years.
• Resignations: Chaudhary Jain and Gajender Singh (2025/26); Gandhe appointed Jan 2026; Anil Kumar Singh joined Jan 7 2026 and resigned May 31 2026.
• Related party transactions with Goodyear group; material RPTs with Goodyear US and GSATPL.

ESG & CSR

• GHG emissions: Scope 1 1,041.15; Scope 2 34,473.77; total 35,514.92 tCO2e.
• Total energy: renewable 7,082.51 GJ; total 222,132.97 GJ; intensity 1.67 per lakh turnover.
• Water withdrawal: 332,168 kL; water intensity 1.35 per lakh turnover.
• Zero liquid discharge implemented; water reused in cooling/steam systems.
• Waste: total 9,976.14 t; 9,951.39 t recycled; 24.75 t incinerated.
• CSR obligation: Rs 252.02 Lakhs; spent Rs 172.49 Lakhs; unspent Rs 79.53 Lakhs; unspent transferred to CSR account.
• Policy on cyber security and data privacy; Goodyear Global Privacy Policy link provided.
• No product recalls; ecosystem of governance and supplier standards in place.

Outlook & risks

• India growth forecast around 6.6% for FY27; macro headwinds persist.
• Farm segment positives in 2026-27 amid policy support and mechanization.
• SUV/EV premiumization trend driving replacement demand and margins.
• Risks: monsoon variability, inflation, supply chain disruptions, geopolitical tensions.
• Opportunities through premium product launches, channel expansion, and digital tools.

Product launch

• Launch of Ultra Grip tractor tire for farm business announced; showcased in Chandigarh with about 100 dealers.
• Rugged tread design with enhanced depth delivers superior grip across varied field conditions.
• Durable construction with puncture pads and chip-resistant tread supports longer tire life.
• Engineered for enhanced stability and control across terrains for daily farming operations.
• Currently available in 14.9-28 size; additional sizes planned; distributed through Goodyear India's dealer network.
• Product aligns with Goodyear India's focus on agricultural tire solutions for local farming.