Apollo Tyres Limited has informed the Exchange regarding Resignation of Mr Berjis Desai as Independent Director of the company w.e.f. April 07, 2026.
APOLLOTYRE · price
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Apollo Tyres announced the resignation of Mr. Berjis Desai as Independent Director, effective end of business hours on April 7, 2026. The resignation is due to his appointment as Member of the National Commission for Minorities, Government of India. Mr. Desai holds DIN: 00153675 and serves as an Independent Director on Apollo Tyres. He has confirmed there is no other material reason for his resignation other than the government appointment. Mr. Desai also holds directorship positions in several other listed companies including The Great Eastern Shipping Company Limited, Man Infraconstruction Limited, Emcure Pharmaceuticals Limited, Inventurus Knowledge Solutions Limited, and Praj Industries Limited. The company will need to appoint a replacement Independent Director to fill the vacancy on its board.
The resignation creates a vacancy in the board's independent director position, which may temporarily affect board independence ratios. However, since the resignation is due to a prestigious government appointment rather than any governance concerns, it is not considered negative for the company. Shareholders should monitor for the appointment of a new independent director.