JK Tyre & Industries Ltd. has officially announced its board’s approval to acquire a 26% equity stake in Roofsol Renewables Five Pvt. Ltd. (RRFPL) for a total consideration of Rs. 1.31 Crore. This strategic investment, finalized during a board meeting concluded at 5:30 P.M. on April 15, 2026, is aimed at securing captive power for the company’s manufacturing operations. The acquisition is expected to be completed within 180 days through a cash consideration.

The target entity, RRFPL, is a special purpose vehicle (SPV) and a wholly-owned subsidiary of Roofsol Energy Pvt. Ltd., specifically incorporated to set up a captive solar power plant at JK Tyre’s Laksar plant in Uttarakhand. By maintaining this 26% stake, the company ensures compliance with Indian Electricity laws for captive power consumption throughout the duration of its Power Purchase Agreement. Notably, RRFPL is a newly incorporated entity (April 1, 2025) with nil turnover to date, and the transaction does not involve any related party interests from JK Tyre’s promoters.

JK Tyre & Industries Ltd. is a leading global tyre manufacturer with 11 facilities across India and Mexico, producing over 35 million tyres annually. In 2025, the company made significant strides in its “Green Mobility” vision, becoming the first Indian tyre manufacturer to secure a Sustainability Linked Loan from the International Finance Corporation (IFC). Recent updates from late 2025 include the successful merger of its subsidiary, Cavendish Industries Ltd., and the establishment of a Digital & Analytics Centre of Excellence to drive operational efficiency. The company continues to expand its premium portfolio, recently launching the ‘Shresth Plus’ farm tyres and expanding its Banmore plant for passenger car radials.

The company reported robust growth in its last announced quarterly results for Q3 FY2025-26, with revenue reaching Rs. 4,235.27 Crore, a 14.64% increase compared to the same period last year. Net profit witnessed a staggering jump of 294.96% year-on-year to Rs. 207.75 Crore, driven by product premiumization and favorable raw material costs. Regarding institutional backing, the International Finance Corporation remains a prominent investor with a 4.61% stake as of December 2025. Other notable shareholders include HDFC Mutual Fund and Sunil Kant Munjal, who holds shares on behalf of a trust.