Apollo Tyres Limited has informed the Exchange about Action(s) taken or orders passed
APOLLOTYRE · price
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Apollo Tyres Limited received an order from the Assistant Excise and Taxation Officer, Haryana under the GST Act. The order imposes a penalty of Rs 15.10 lakhs (approximately Rs 1.51 million) related to a dispute over an E-way Bill. The company received this order on April 13, 2026. Management has stated there is no material impact on the company's financial, operations, or other activities. The company intends to file an appeal before the Appellate Authority to challenge this order.
The penalty amount of Rs 15.10 lakhs is relatively small for a company of Apollo Tyres' scale and the company has confirmed no material financial impact. However, the appeal process may involve additional legal costs and administrative effort.