Ceat Ltd. — Capital/Financing Update 2026

Jan 14, 2026

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January 14, 2026

BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400 001 Security Code: 500878

National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai 400 051 Symbol: CEATLTD NCD symbol: CL26, CL30

Dear Sir/Madam,

Sub: Disclosure under Regulation 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Pursuant to Regulations 30 and 51 of the SEBI Listing Regulations, this is to inform you that the Finance and Banking Committee (FBC) of the Board of Directors of the Company at its meeting held on January 14, 2026 which commenced at 4:00 P.M IST and concluded at 4:19 P.M IST, inter-alia considered and approved the proposal to invest in Clean Max Como Private Limited and Clean Max Emerald Private Limited (“SPVs”) for developing ~59 MW hybrid wind-solar projects in Gujarat and Tamil Nadu, in order to comply, inter-alia, with regulatory requirements related to captive power norms, as amended from time to time.

Accordingly, the Company has entered into Share Purchase Agreement(s) ("SPA") with SPVs and Clean Max Enviro Energy Solutions Limited (Promoter shareholder of SPVs) towards subscription of up to 26% paid-up equity share capital of each of the SPVs.

The details required as per relevant SEBI Circular(s) are enclosed herewith as Annexure A.

It is requested to take the same on record.

Thanking you,

Yours faithfully,

For CEAT Limited

GAURAV Digitally signed by GAURAV TONGIA TONGIA Date: 2026.01.14 16:20:46 +05'30'

(Gaurav Tongia)

Company Secretary

Encl. 1. As above 2. Press Release

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Annexure - A

Sr. No	Particulars	Details	Details
		Clean Max Como Private Limited	Clean Max Emerald Private Limited
1	Name of the target entity, details in brief such as size, turnover etc	Clean Max Como Private Limited Size & Turnover: Nil since this is a newly incorporated entity and has not performed any business till now.	Clean Max Emerald Private Limited Size & Turnover: Nil since this is a newly incorporated entity and has not performed any business till now.
2	Whether the acquisition would fall within related party transaction(s) and whether the promoter/ promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at “arm’s length”;	The proposed transactions will not be related party transactions.
3	Industry to which the entity being acquired belongs;	Renewable Energy and setting up captive power generation projects for industrial and commercial consumers.
4	Objects and impact of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity);	The Company shall subscribe upto 26% of the equity share capital, with contribution amount aggregating up to Rs. 19.58 Crores in one or more tranches as per relevant Electricity Act/GERC/CERC captive power regulations, and other related norms.	The Company shall subscribe upto 26% of the equity share capital, with contribution amount aggregating up to Rs. 12.75 Crores in one or more tranches as per relevant Electricity Act/TNERC/CERC captive power regulations, and other related norms.
5	Brief details of any governmental or regulatory approvals required for the acquisition;	Not Applicable
7	Indicative time period for completion of the acquisition;	Estimated to be completed by 15thFebruary, 2026
8	Consideration - whether cash consideration or share swap or any other form and details of the same;	Cash Consideration

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9	Cost of acquisition and/or the price at which the shares are acquired;	Up to Rs. 19.58 Crores in one or more tranches, to acquire upto 26% of equity capital as per Electricity Act/ GERC/CERC Captive Power Regulations, etc.	Up to Rs. 12.75 Crores in one or more tranches to acquire upto 26% of equity capital, as per Electricity Act/ TNERC/CERC Captive Power Regulations, etc.
10	Percentage of shareholding / control acquired and / or number of shares acquired;	26% of the equity capital	26% of the equity capital
11	Brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief);	Clean Max Como Private Limited: The SPV is in the business of developing, operating and maintaining captive power generation projects to supply clean and green energy with sustained benefits to stakeholders engaged in the project. Date and place of incorporation: 06-06-2025, Mumbai Turnover of last 3 years: Nil since this is a newly incorporated entity and has not performed any business till now.	Clean Max Emerald Private Limited: The SPV is in the business of developing, operating and maintaining captive power generation projects to supply clean and green energy with sustained benefits to stakeholders engaged in the project. Date and place of incorporation: 30-05-2025, Mumbai Turnover of last 3 years: Nil since this is a newly incorporated entity and has not performed any business till now.

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CEAT Partners with CleanMax for Mul�-State ~59 MW Hybrid Wind-Solar Projects Across its Key Manufacturing Hubs

Highlights

• The ~59 MW hybrid capacity across Gujarat and Tamil Nadu is aimed at providing renewable energy to CEAT’s Halol facility in Gujarat and Kanchipuram facility in Tamil Nadu under a group cap�ve model

• The projects are expected to generate ~13.58 crore units of renewable electricity annually, taking CEAT’s clean power content to around 60%

Mumbai, India - 14 January, 2026 : CEAT, a leading Indian tyre manufacturer, has partnered with CleanMax Enviro Energy Solu�ons Limited (“CleanMax”) to source renewable power through ~59 MW hybrid wind–solar project to CEAT’s Halol facility in Gujarat and Kanchipuram facility in Tamil Nadu under a group cap�ve model. CleanMax, a Brookfieldbacked company, is currently the largest renewable energy provider for the commercial and industrial sector in India

The hybrid structure of these projects is expected to combine the complementary genera�on profiles of wind and solar, ensuring a consistent energy output and higher plant load factor (“PLF”). This approach also enhances grid stability, which is cri�cal for energy-intensive manufacturing opera�ons.

Together, the projects are expected to generate ~13.58 crore units of clean power annually. This genera�on is an�cipated to reduce CO₂ emissions by around 1,00,000 tonnes per year , equivalent to the planta�on of nearly 4.5 million trees annually . The project is expected to increase CEAT’s clean power content to around 60%.

Commen�ng on the partnership, Mr Roopesh R., Senior Vice President - Procurement, CEAT said, “ This long-term partnership with CleanMax allows CEAT to strengthen our renewable energy footprint across Gujarat and Tamil Nadu. Sustainability is an important part of how we plan for the long term and CEAT is commi�ed to grow our business that serves our customer responsibly while remaining resilient for the future . As a company already advancing in areas such as green sourcing, sustainable transporta�on, biodegradable packaging, sustainable manufacturing and reduced distribu�on emissions, integra�ng this hybrid wind-solar renewable energy is a natural and strategic progression in our sustainability journey.

help us in our journey to produce tyres with low carbon footprint – and be a benchmark in the industry. ”

Mr. Kuldeep Jain, Managing Director, Clean Max Enviro Energy Solu�ons Limited, said, “ We are proud to collaborate with CEAT, a globally recognised brand in the automo�ve sector, and support its strategic sustainability objec�ves by enabling the decarbonisa�on of opera�ons across its key manufacturing hubs. These projects demonstrate how well-structured

~~Copyright ©2025. All Rights Reserved. Clean Max Enviro Energy Solu�ons Limited.~~

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collabora�ons can accelerate the adop�on of renewable energy and build a more sustainable energy future for large-scale manufacturing.”

This synergy enables CEAT to advance its sustainability goals while leveraging CleanMax’s proven exper�se in delivering renewable energy for the C&I sector. The partnership is expected to strengthen CEAT’s energy security, improve opera�onal efficiency, and contribute to significant annual reduc�ons in carbon emissions, enabling its long-term journey towards its net-zero opera�ons.

About CEAT Ltd (www.ceat.com):

Founded in 1924 in Italy, CEAT is a leading tyre manufacturer with a strong presence in over 110 countries.

than 41 million high-performance tyres, catering to various segments like 2-3 Wheelers, Passenger and U�lity Vehicles, Commercial Vehicles and Off-Highway Vehicles.

of Japanese Scien�sts and Engineers (JUSE), for outstanding achievement in the field of Total Quality Management. It is also the first tyre brand in the world to be awarded Lighthouse Designa�on by the World Economic Forum for its use of fourth industrial revolu�on technologies.

About RPG Group (www.rpggroup.com):

RPG Group, established in 1979, is one of India’s fastest-growing business groups with a turnover of US$ 4.4 Billion. The group has diverse business interests in the areas of Infrastructure, Tyres, Pharma, IT and Specialty as well as in emerging innova�on-led technology businesses.

About Clean Max Enviro Energy Solu�ons Limited:

CleanMax is the largest renewable energy company in India’s Commercial and Industrial sector, as of July 31, 2025, with 2.54 GW of opera�onal, owned, and managed renewable capacity across India, the Middle East, and South-East Asia as of July 31, 2025. Backed by a skilled and professional team, CleanMax also has 2.53 GW of contracted, yet to be executed capacity, as of July 31, 2025.

Focused on being the sustainability & net-zero partner choice for corporates, CleanMax provides diverse solu�ons, including roo�op solar projects, solar farms, wind farms and wind-solar hybrid farms to its customers, and has further expanded its por�olio to include carbon credit solu�ons as well. CleanMax holds a leading posi�on with the largest customer base amongst C&I renewable energy players in India with 531 customers as of March 31, 2025, with repeat clients accoun�ng for 77.28% of new contracted volumes in Fiscal 2025.

CleanMax’s solu�ons are aimed at helping accelerate its customers’ shi� to clean energy. Companies across industries such as data centres, AI and technology, cement, steel, industrial manufacturing, FMCG, pharmaceu�cals, real estate and global capability centres have relied on CleanMax as their Net Zero Solu�ons provider.

~~Copyright ©2025. All Rights Reserved. Clean Max Enviro Energy Solu�ons Limited.~~