Apollo Tyres Limited has informed the Exchange about Action(s) taken or orders passed
APOLLOTYRE · price
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Awaiting price reaction for this filing.
Apollo Tyres received an order dated August 12, 2025 from the Deputy Commissioner (Commercial Tax), Tamil Nadu under the Central GST Act. The order demands GST and imposes a penalty of Rs 61.52 lakhs related to disputes over ineligible Input Tax Credit (ITC) and other GST issues. The company plans to file an appeal before the Appellate Authority. The company has stated that there is no material impact on its financial position, operations, or other activities from this order.
The Rs 61.62 lakh penalty is small relative to Apollo Tyres' overall business and the company has explicitly stated no material impact. Shareholders are unlikely to see any meaningful effect on the stock price from this routine GST dispute.