Apollo Tyres Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on July 31, 2025
APOLLOTYRE · price
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Awaiting price reaction for this filing.
Apollo Tyres held its 52nd AGM on July 31, 2025, via video conferencing, chaired by Chairman Onkar Kanwar. Shareholders approved the audited standalone and consolidated financial statements for FY ended March 31, 2025, with no qualifications, adverse remarks, or disclaimers from the auditors. A dividend of Rs. 5 per equity share (500%) for FY 2024-25 was declared, with the record date set as July 11, 2025. Mr. Francesco Gori was re-appointed as Director retiring by rotation and his continuation as Non-Executive Non-Independent Director was approved via special resolution. Cost Auditor remuneration for FY 2025-26 was ratified, and M/s. DMK Associates was appointed as Secretarial Auditors for a 5-year term (FY 2025-26 to 2029-30). All six resolutions were voted on through remote e-voting held from July 28 to July 30, 2025, and the meeting concluded at 3:54 PM.
The 500% dividend (Rs. 5/share) is a positive cash return for shareholders, while clean audit reports signal financial transparency. Routine governance approvals suggest no major strategic shifts, keeping the stock reaction likely neutral.