Ceat500878Routine director change
Board appoints Sumeet Narang as Additional Director (Non-Executive, Independent); takes Q2 FY27 results on record
Mr. Sumeet Narang appointed as Additional Director in the capacity of Non-Executive, Independent Director for 5 years (Oct 14, 2026 to Oct 13, 2031), subject to shareholder approval.
By ScoutQuest · · 3 min read
₹164 Cr-18.8%
Q ended 30-Sep-25₹202 CrQ ended 30-Sep-26₹164 Cr
- Q2 FY27 Revenue from Operations (Standalone)
- Rs. 4,548 crore, against Rs. 3,701 crore in the quarter ended September 30, 2025
- Q2 FY27 Profit for the Period (Standalone)
- Rs. 164 crore, against Rs. 202 crore
- Independent Director Appointment Term
- 5 years, from October 14, 2026 to October 13, 2031
Board meeting outcome
Ceat Limited's board met on October 14, 2026, from 01:00 PM to 4:40 PM (IST). It approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, appointed an additional director, and amended the policy on related party transactions.
New independent director
- Mr. Sumeet Narang (DIN: 01874599) has been appointed as an Additional Director in the capacity of Non-Executive, Independent Director.
- Term: a consecutive period of 5 (five) years, from October 14, 2026 to October 13, 2031 (both days inclusive).
- The appointment is subject to approval of shareholders.
- He is not related to any other director or key managerial personnel of the Company.
- Based on information provided to the Company, he is not debarred from holding the office of a director by virtue of any SEBI order or any such authority.
Who is Sumeet Narang
- Founder and CEO of Samara Capital Group (SCG), an alternative asset manager which has invested USD 2 billion+ since its inception in 2007.
- SCG has business in India and the US through two divisions, Samara Capital India Private Equity and Samara Capital Global Technology Fund. Through SCG he has invested in companies across retail, packaged foods, hospitals, pharmaceuticals, logistics and insurance brokerage.
- Prior to founding Samara Capital, he worked briefly at Goldman Sachs, New York, in its Proprietary Investments Group; from 2001 to 2004 with Citigroup India in Delhi and Hyderabad; and with the Fiat Group in Italy and India.
- MBA from Harvard Business School, Masters in Management from IIM Lucknow and a Bachelor of Engineering in Mechanical Engineering from IIT Roorkee.
Quarter ended September 30, 2026 (standalone, unaudited)
- Revenue from operations: Rs. 4,548 crore, against Rs. 3,701 crore in the quarter ended September 30, 2025.
- Total income: Rs. 4,588 crore, against Rs. 3,718 crore.
- Profit before tax: Rs. 219 crore, against Rs. 270 crore.
- Profit for the period: Rs. 164 crore, against Rs. 202 crore.
- Basic earnings per share: Rs. 40.62, against Rs. 50.00. Diluted: Rs. 40.61, against Rs. 50.00.
- Operating margin 10.14% and net profit margin 3.60%.
Half year ended September 30, 2026 (standalone, unaudited)
- Revenue from operations Rs. 8,711 crore, against Rs. 7,222 crore.
- Profit for the period Rs. 262 crore, against Rs. 337 crore.
- Basic earnings per share Rs. 65.07, against Rs. 83.46.
Balance sheet and cash flow (standalone)
- Total assets Rs. 14,610 crore as at September 30, 2026, against Rs. 13,694 crore as at March 31, 2026.
- Total equity Rs. 5,137 crore, against Rs. 5,067 crore.
- Net cash generated from operating activities Rs. 613 crore for the six months, against Rs. 935 crore.
- Debt to equity ratio 0.68 times; current ratio 0.64 times.
Other disclosures
- During the quarter, the Company repaid listed unsecured non-convertible debentures (NCDs) amounting to Rs. 150 crore on due date, earlier issued on private placement basis.
- Listed unsecured NCDs aggregating Rs. 250 crore are outstanding and not due for repayment as at September 30, 2026.
- Commercial paper of face value Rs. 850 crore is outstanding and not due for repayment as at September 30, 2026.
- The amended policy on related party transactions is available on the Company's website.
- The trading window for dealing in the Company's securities will open 48 hours after declaration of the financial results.
Also from Ceat
CEAT outlined plans to produce 800,000 tyres for the premium car radial segment by 2030 and will host a conference call at 4pm to discuss strategy
22 Oct 2026
Duplicate share certificates issued in lieu of originals across six folios
21 Oct 2026
Transcript of Q2 FY27 earnings call made available on the company website
19 Oct 2026
More numbers
- Term of appointment of Mr. Sumeet Narang5
- Revenue from operations, quarter ended 30-Sep-26 (₹ in crores)4,548
- Revenue from operations, quarter ended 30-Sep-25 (₹ in crores)3,701
- Profit for the period, quarter ended 30-Sep-26 (₹ in crores)164
- Profit for the period, quarter ended 30-Sep-25 (₹ in crores)202
- Basic earnings per share, quarter ended 30-Sep-26 (₹)40.62
- Listed unsecured NCDs repaid during the quarter₹ 150 crores
- Commercial paper outstanding, face value₹ 850 crores
Source: BSE · 14 Oct 2026
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