Apollo Tyres CFO and Whole-time Director Gaurav Kumar resigns from board
APOLLOTYRE · price
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On the reaction day the stock moved 1.6 pts less than Nifty Midcap 150 and 1.4 pts less than its Tyres & Rubber Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Mr. Gaurav Kumar (CFO and Whole-time Director, 22+ years tenure) has resigned as Whole-time Director and Risk Management Committee member effective close of business August 6, 2026, to pursue new personal and professional challenges outside the organisation. He will continue as CFO only for a brief transition period and then cease to be part of senior management entirely. No other material reasons cited. Same board meeting also approved Q1 FY27 results: consolidated revenue about Rs 73,978 million, up nearly 13% year-on-year, net profit Rs 3,489 million versus Rs 129 million last year, EPS Rs 5.52.
Watch for successor announcement as a 22-year veteran CFO exits; near-term continuity assured via transition support.