JKTIL:SECTL:SE:2021 Date: 9rh August 2021

Dear Sir,

Re. Smart Annual Report -FY 2020-21

Further to our letter dated 2no August 2021, whereby we had forwarded a copy of Annual Report of the Company for the Financial Year 2020-21 along with Notice of the 68tn Annual General Meeting, we forward herewith a copy of Smart Annual Report for the said Financial Year (2- minute Annual Report) for quick review/reference.

A copy of this is also being posted on the website of the company simu ltaneously.

Thanking you,

Yours faithfully, For JK Tyre & lndustries Ltd.

(PK Rust Vice President (Legal) & Company Secretary

Encl: As Above

Admin. Off.: 3, Bahadur Shah Zahr ilarg, l{ew Dolhi-1,l0 002, Fax: 9l-11-23322059, Phon€: 9l-11.6mrn2,6N01122 Regd.Off.;Jaykaygram,P0-TyreFacloryKankroli-3'13342(Rajastran),Fax:02952-232018,Ph:02952'233/00/233000 Website : wwwlktyre.com CIN : 167120RJ1951P1C045966

JK Tyre Industries Limited SMART Annual Report, FY 2020-21

This story begins with our outperformance in a challenging FY 2020-21

-7.3 Degrowth of the Indian economy, 2020-21

5 % growth in JK Tyre revenues, 2020-21

We reported profitable growth during FY 2020-21 (which had effectively 10 months of operations)

11.6 % JK Tyre's EBIDTA margin, 2019-20

929 Rs. Cr. consolidated debt reduction

14.8 % JK Tyre's EBITDA margin, 2020-21

9145 Rs. Cr. consolidated turnover

We encountered our most challenging business environment in decades in FY 2020-21

We didn't just make incremental changes in pockets; we reinvented the organisation

Our transformation story begins with the word 'Smart'.

'Smart' tyres. 'Smart' technologies. 'Smart'

Results: Agile, leaner, smarter and more responsive JK Tyre.

JK Tyre is one of the most trusted tyre brands in India and among the 25 largest in the world

Offers entire range of 2/3 wheeler, Passenger Commercial off the Highway and speciality tyres.

State-of-the-art centralized Global R&D and Technology Centre at Mysuru - Raghupati Singhania Centre of Excellence.

Preferred Truck Bus Radial (TBR) brand.

First in India to launch Smart Tyres.

First in India to market more than 20 million TBR tyres.

Recognized as a Superbrand in 2021 - eighth consecutive time.

JK Tyre Plant, Banmore, Gwalior MADHYA PRADESH

JK Tyre Plant, Chennai TAMIL NADU

Cavendish Tyre Plant, Laksar, Haridwar UTTARAKHAND

Manufacturing locations

12

strategic manufacturing locations with a capacity of 32 million tyres p.a

This is how we transformed in 2020-21

Deeply. Extensively. Conclusively.

Emerged 'greener' Repaid the most debt EVER in a single year Broadened our 'smart tyre' range Widened our distribution footprint Digitalised our warranty claims process Reported our highest people retention in years Continued to be recognised as a Great Place to Work Widened our global foot print Emerged as the largest Indian commercial tyre exporter to the US Enhanced our OEM partner portfolio Increased market share

The outcomes of the transformation

Improved working capital cycle

Wider network covering 90 % of the country by geography

Summarised Financial Performance - FY21

(Rs. Crore)

Summarised Balance Sheet - FY21

(Rs. Crore)

We transformed with resilience

Dr Raghupati Singhania

Perhaps it was the first time in the history of JK Tyre that all operations had to be completely suspended.

Every facet of our operations was completely transformed and the result on record as among the best in the company's history in a year, which had effectively just 10 working months.

Higher efficiencies in production, cost control, superior working capital management, a lighter Balance Sheet, innovative marketing and emphasis on value added products and services resulted in a quantum jump in profitability.

The Company's export performance continued on its growth trajectory. Technologically advanced products suited for the targeted markets, enabled profitable growth.

We proactively supported the nation, and all our stakeholders in the fight against COVID-19.

We have deepened our ESG culture and JK Tyre is considerably 'greener and cleaner' today than ever.

We will not rest on our laurels but endeavor to deliver greater value to our stakeholders in the years ahead.

From the desk of the Chairman & Managing Director

We fused IoT, Artificial Intelligence, Machine Learning and Data Science to enhance organizational agility.

JK Tyre brand was highly visible, digital and connected.

In partnership with our stakeholders, we have collectively emerged stronger over the past year and have embarked on the

journey of transformation and closed the year with a strong performance in FY 2020-21,

leading us to a sense of optimism and confidence that we will attain greater heights in the year ahead.

From the Managing Director's desk

@ Transformation

Anshuman Singhania

The outcomes of our transformation initiatives

• Enhanced capital efficiency
• Repositioned the JK Tyre brand
• Increased dealers pan-India
• Enhanced trade partner delight
• Premiumised our portfolio
• Sweated our facilities better
• Created a digitalised company
• Invested in 'green' technologies
• Moderated costs (fuel, resources, people, water, renewable energy and power)
• Moderated carbon footprint (product and process)

We transformed to deepen our ESG commitment

We strengthened our Environment, Social and Governance initiatives around a 5P's sustainability platform

The result: we are treading softer on this earth

Energy consumption: Lowest energy consumption levels per tonne of tyre

Water: Global benchmark for the lowest water use per kg of tyre manufactured (Kankroli plant). Increased the share of harvested rainwater in the overall annual use of water

Productivity: One of the highest per person productivity in India's tyre industry

Standards: First tyre Company

in Asia to receive ISO 50001 certification for Energy Management

Cleaner: Zero waste to landfill; Single Use Plastic Free.

Pioneering: Launched 'green' tyres in India; first Indian tyre company with a verified carbon footprint (IS-14064)

Renewable: Renewables in our power mix increased to 55% during 2020-21.

Our HSE achievements in 2020-21

• Achieved Sword Of Honour, British Safety Council, a rare honour
• Moderated reportable accidents by 33%
• Compliant with ISO 45001 for Occupational Health and Safety Management
• Compliant with EMS 14001 for Environmental Management System
• Compliant with SA 8000 for Social Accountability

Raw water consumption trend (KL per tonne)

Declining emissions intensity

(CO2 per tonne)

2013-14 100 2014-15 89 2015-16 2015-16 77 3.5 2016-17 2016-17 64 21.2 2017-18 2017-18 55 36.6 2018-19 2018-19 50 39 2019-20 2019-20 50 50 2020-21 2020-21 43 55 Raw Water Consumption - Index (KL/Ton) % of renewable power in total power consumption

All figures are on a standalone basis

JK Tyre's transformation is being driven by cutting-edge research

RPSCOE GLOBAL R&D & TECH CENTRE, MYSURU… Deepened our investments in technology and R&D. Generated a critical mass of new product development. Leveraged proprietary competencies in developing tyre technologies. Invested in simulation, modelling and computational research. Shrunk tyre development time by 50%. 4R's strategy (reduce, reuse, recycle and renew) as per the needs of a circular economy.

Increased dedicated R&D professionals and R&D spending as a percentage of revenues.

awards and accolades

JK TYRE. Driven by its core value 'Caring for People'

We continued to touch the lives of the marginalised and align with United Nations' Sustainable Development Goals

To read the full annual JK Tyre Limited Annual Report 2020-21, click here: https://www.jktyre.com/annualreports.aspx

This is an initiative for our stakeholders, is an abridged version of JK Tyre Limited Annual Report 2020-21.

JK Tyre & INDUSTRIES LTD.

Administrative Office 3, Bahadur Shah Zafar Marg, New Delhi – 110 002 Ph.: +91 1166001112, +91 11 66001122 | Fax: +91-11-23322059

Registered Office Jaykaygram, PO – Tyre Factory, Kankroli – 313 342, Rajasthan

www.jktyre.com | Follow us on: / JKTyre / JKTyreCorporate / jktyrecorporate