Tinna Rubber Infuses Initial Capital into Saudi Arabian Subsidiary for Tyre Recycling Expansion

Tinna Rubber and Infrastructure Limited has completed the requisite registrations and infused the first tranche of capital into its wholly owned subsidiary, Tinna Rubber Arabia Ltd, marking a strategic expansion into the Middle East. Key Investment Highlights: First Tranche: Subscribed to 50 shares at SAR 6,800 each, totaling SAR 3,40,000 (approx. ₹87.3 lakh). Total Planned Capex: Up to ₹15 crore, to be deployed in one or more tranches via cash and kind (capitalization of exports/payments due). Ownership: 100% stake, making it a wholly owned subsidiary (classified as a related-party transaction with no external promoter interest). Strategic Rationale: Vertical Integration: The Saudi entity will focus on collecting, shredding, and recycling waste tyres to produce crumb rubber and steel scrap. Regional Expansion: This move is designed to secure a steady, economical source of raw materials and establish a dedicated manufacturing and recycling footprint in the high-growth Middle Eastern market. Outlook: This initial capital infusion lays the groundwork for Tinna Rubber’s international growth strategy. By localizing recycling operations in Saudi Arabia, the company aims to enhance its supply chain resilience, capture emerging sustainability-driven demand, and diversify its revenue base beyond domestic operations.