Board of Kesoram Industries decides to demerge its tyre business

At meeting held on 04 December 2018

The Board of Kesoram Industries at its meeting held on 04 December 2018 has decided to spin off its Tyre Business ("Birla Tyres" ) by demerging this undertaking into a resulting Company, Birla Tyres ("BTL"). Upon grant of the requisite approvals, BTL will also become a listed company with its shareholding pattern mirroring Kesoram.

The Appointed Date for such Demerger will be commencement of business 1 January 2019.

The demerger proposed is part of an ongoing exercise undertaken by Kesoram over the past few months in further realigning and recalibrating operations.

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