Goodyear India Ltd

Goodyear India Limited: Trading Window closed from Oct 01, 2026 and will remain closed till 48 hours after the date of declaration of the Financial Results for the Quarter ending September 30, 2026

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.

Meeting Details

• Board meeting scheduled for August 12, 2026; time and venue not disclosed.

Key Agenda Items

• Approve unaudited financial results for the quarter ended June 30, 2026.

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.