JK Tyre President Anuj Kathuria Resigns Citing ‘Personal Reasons’

JK Tyre and Industries President of India Operations, Anuj Kathuria, has stepped down from his position citing ‘personal reasons.’ His resignation, submitted on February 14, has been officially accepted, the company stated in a notification to stock exchanges.

On Monday, JK Tyre confirmed in an email that Kathuria had resigned from the company and had been relieved from his duties. Kathuria, an industry veteran, joined JK Tyre in 2022 and previously held senior positions at Ashok Leyland and Tata Motors.

Allegations and Ongoing Investigation

While JK Tyre did not comment on any external matters related to Kathuria, media reports citing sources claimed that his resignation was linked to an ongoing investigation by Mumbai police.

The probe is based on a complaint by a woman who has alleged cohabitation under deceit, leading her to believe it was a lawful marriage. The stock exchange filing included a handwritten resignation letter from Kathuria.

JK Tyres Official Statement

In response to queries regarding the allegations, JK Tyre stated: “Mr. Kathuria had resigned from the company, and his resignation was accepted and he has been relieved from the services of the company. On other issues mentioned in your email, we cannot provide any comment.”

As of now, JK Tyre has not announced a successor to Kathuria’s role. The situation continues to develop as the police probe remains underway.

Stock Performance 

On February 19, 2025, JK Tyre and Industries share price traded 0.78% lower at ₹280.70 at 9:18 AM (IST). JK Tyre and Industries’s share price reached a 52-week high of ₹532.25, and a 52-week low of ₹274.15. As per BSE, the total traded volume for the stock stood at 998 shares with a turnover of ₹2.80 lakhs.

At the current price, JK Tyre and Industries shares are trading at a price-to-earnings (P/E) ratio of 17.69x, based on its trailing 12-month earnings per share (EPS) of ₹15.87, and a price-to-book (P/B) ratio of 1.90, according to exchange data.

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