Balkrishna Industries Ltd

Balkrishna Industries Ltd. announced that its finance committee approved the issuance of up to Rs 550,00,00,000 in rated, listed, unsecured, redeemable, non-convertible debentures in three series to eligible investors, with tenures of 1 year, 11 months and 29 days, 3 years, and 4 years, and coupon rates of 7.35%, 7.38%, and 7.40% respectively. The debentures will be listed on the BSE Limited.

Balkrishna Industries Ltd. announced that its finance committee approved the issuance of up to Rs 550,00,00,000 in rated, listed, unsecured, redeemable, non-convertible debentures in three series to eligible investors, with tenures of 1 year, 11 months and 29 days, 3 years, and 4 years, and coupon rates of 7.35%, 7.38%, and 7.40% respectively. The debentures will be listed on the BSE Limited.

Balkrishna Industries Ltd announced that ICRA has assigned an initial rating of ICRA AA+(Stable) to its Non-convertible Debentures amounting to 550 Crores, and has also assigned a rating of [ICRA]AA+ (Stable) to its proposed Non-convertible Debenture programme of 550.00, noting that SEBI's grievance redressal mechanisms are not available; ICRA further indicated a significant development impacting the company’s ability to raise funds regarding Debt Securities, though no amount or rating was assigned to this instrument; the agency also included a standard disclaimer to refer to its website for the latest ratings, and did not mention any enhancements, assignments, or withdrawals related to any other rating agencies.

Balkrishna Industries Ltd. approved the issuance and allotment of 55,000 rated, listed, senior, unsecured, redeemable, non-cumulative, non-convertible debentures with a face value of Rs 1,00,000 each, aggregating up to Rs 550 crore, through a private placement basis. The company’s Finance Committee was delegated the authority to finalize terms and conditions for the debenture issuance, which will be listed on the BSE Limited and remain within the company’s existing borrowing limits. Further details regarding the allotment date, maturity date, coupon/interest rates, and redemption terms will be disclosed at the time of allotment.

Balkrishna Industries Limited will hold a meeting of its Finance Committee on August 18, 2026, to consider and approve a proposal to raise funds through the issuance of non-convertible debentures on a private placement basis in one or more tranches.

Net profit of Balkrishna Industries rose 56.35% to Rs 450.77 crore in the quarter ended June 2026 as against Rs 288.30 crore during the previous quarter ended June 2025. Sales rose 25.19% to Rs 3455.27 crore in the quarter ended June 2026 as against Rs 2760.02 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales3455.272760.02 25 OPM %21.5418.34 - PBDT807.30582.55 39 PBT601.05394.38 52 NP450.77288.30 56 Powered by Capital Market - Live

Balkrishna Industries will hold a meeting of the Board of Directors of the Company on 29 July 2026.

According to the company, Joshi's resignation will be effective from the close of business hours on 25 July 2026. In his resignation letter, he stated that that the decision was taken to pursue the next phase of his professional journey. Balkrishna Industries is engaged in the business of manufacturing and selling off-highway tyres (OHT) in the specialist segments such as agricultural, industrial & construction, earthmovers & port, mining, forestry, lawn & garden and all-terrain vehicles (ATV). The company's standalone net profit fell 18.5% to Rs 295.09 crore despite a 7.08% increase in revenue from operations to Rs 2,941.15 crore in Q4 FY26 over Q4 FY25. The counter rose 0.29% to Rs 2,225.55 on the BSE. Powered by Capital Market - Live

Balkrishna Industries announced that the Annual General Meeting(AGM) of the company will be held on 29 July 2026.

Khuntia is a seasoned finance professional and Fellow Chartered Accountant with more than 24 years of experience across corporate finance, strategy, capital markets, treasury management, taxation, governance, and finance transformation. During his career, he has held leadership positions at companies including CG Power, Mahindra & Mahindra Group, IBM, and Hindustan Lever. The company also informed that Madhusudan Bajaj has ceased to be the CFO and KMP with effect from the close of business hours on 17 June 2026 after attaining the age of superannuation, in accordance with the company's policy. The Board of Directors expressed its appreciation for Bajaj's valuable contributions and leadership during his tenure. Following his retirement, he will continue to support the company in the capacity of special advisor to the chairman & managing director. The company clarified that his departure is due to superannuation and not resignation. Balkrishna Industries is engaged in the business of manufacturing and selling off-highway tyres (OHT) in the specialist segments such as agricultural, industrial & construction, earthmovers & port, mining, forestry, lawn & garden and all-terrain vehicles (ATV). The company's standalone net profit fell 18.5% to Rs 295.09 crore despite a 7.08% increase in revenue from operations to Rs 2,941.15 crore in Q4 FY26 over Q4 FY25. The counter shed 0.88% to Rs 2,235 on the BSE. Powered by Capital Market - Live