JK Tyre & Industries, a leading four-wheeler tyre manufacturer in India, said the board of directors will meet on September 25 to discuss stock split of face value of Rs 10 of the equity shares of the company.

Further, in accordance with SEBI (Prohibition of Insider Trading) Regulations, 1992 read with company’s code of conduct for prevention of insider trading, the 'Trading Window' for dealing in the equity shares of the company shall remain closed from September 22, 2014 to September 26, 2014.

Recently, the company has reported a sharp increase of 12.85% in net profit to Rs 389.8 million for quarter ended June 30, 2014. Net sales for the quarter has grown 5.6% to Rs 15,667.40 million.

Shares of the company declined Rs 26.1, or 5.18%, to settle at Rs 478.20. The total volume of shares traded was 617,481 at the BSE (Tuesday).