Tolins Tyres Secures Order Worth Up to Rs. 50 Crore from IRT
Filing Summary
Tolins Tyres Ltd. has received a domestic rate contract order from The Institute of Road Transport (IRT) valued between Rs. 40 crore and Rs. 50 crore. The order is for the supply of Precured Tread Rubber, Bonding Gum, and Black Vulcanizing Cement to all State Transport Undertakings in Tamil Nadu. The contract execution period is six months, commencing from October 31, 2025, or until the finalization of the subsequent tender, whichever is later. The company confirmed this is not a related party transaction.
Tolins Tyres Ltd. disclosed the receipt of purchase orders from The Institute of Road Transport (IRT). The total consideration for the order is estimated to be between Rs. 40 crore and Rs. 50 crore. The company provided this information as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The order is for the supply of specific products, including Precured Tread Rubber, Bonding Gum, and Black Vulcanizing Cement. This domestic order is classified as a Rate Contract Order. The supplies are designated for all State Transport Undertakings (STUs) located in Tamil Nadu.
The time period for the execution of the contract is six months. This period commences from October 31, 2025. The contract term may extend until the finalization of the next tender, should that occur after the initial six-month period.
The company confirmed that its promoter, promoter group, or group companies have no interest in The Institute of Road Transport. It was also stated that the order does not fall within the category of related party transactions.
The Institute of Road Transport (IRT) operates as a research and training organization under the Government of Tamil Nadu. The entity is involved in activities related to road safety, transport management, and procurement for the state’s transport corporations.
Tolins Tyres Ltd. manufactures and supplies tyre retreading materials. The company’s product portfolio includes precured tread rubber, bonding gum, and other materials used in the tyre retreading process, primarily for the commercial vehicle segment.