Apollo Tyres Limited has informed the Exchange about Action(s) taken or orders passed
APOLLOTYRE · price
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On the reaction day the stock moved 0.7 pts less than Nifty Midcap 150 and 0.9 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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Apollo Tyres has received a penalty order of Rs 14.34 lakhs from the Joint Commissioner of Customs, Chennai. The penalty relates to a dispute regarding HSN (Harmonized System Nomenclature) classification of goods under the Customs Act, 1962. The company received the order on April 16, 2026. Apollo Tyres has stated that there is no material impact on its financial, operations, or other activities. The company intends to file an appeal before the Appellate Authority in due course to contest this order.
This is a relatively minor customs penalty (Rs 14.34 lakhs) for a company of Apollo Tyres' size, and the company has indicated no material financial impact. However, the appeal process may involve additional legal costs and time. For shareholders, this appears to be a routine customs classification dispute rather than a significant regulatory concern.