JK Tyre & Industries Ltd on Friday, November 28, announced that its board has taken on record the certified copy of the NCLT Jaipur Bench order approving the merger of Cavendish Industries Ltd (CIL) with the company.

The board has fixed December 22, 2025, as the effective date of the merger, which will operate retrospectively from the appointed date of April 1, 2025. Additionally, December 24, 2025, has been set as the record date to identify CIL shareholders eligible to receive JK Tyre equity shares under the scheme. Following the merger, Cavendish Industries will be amalgamated into JK Tyre and cease to exist, without requiring winding up.

Earlier this month, JK Tyre had announced that its subsidiary, JK Tornel, SA de CV, would sell 40 lakh equity shares of CIL to SMMS Trust for ₹130.64 crore. Despite the stake sale, Cavendish Industries will remain a subsidiary until the merger becomes effective.

Cavendish Industries has been a contributor to JK Tyre’s consolidated revenue and net worth, and the merger is expected to streamline the group structure and enhance operational efficiency.

Shares of JK Tyre & Industries Ltd closed marginally lower at ₹447.80, down 0.11% on the NSE on Friday.