Onkar Kanwar has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
APOLLOTYRE · price
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Awaiting price reaction for this filing.
Onkar Kanwar, the promoter of Apollo Tyres, has filed his annual declaration under SEBI Regulation 31(4) of the Takeover Regulations for FY2024-25. The declaration states that he has not created any encumbrance (pledge, lien, or charge) on the equity shares of Apollo Tyres, either directly or indirectly, during the financial year. This is a routine annual compliance filing required of promoters every financial year, and in this case it is a 'nil' disclosure meaning no shares were pledged or otherwise encumbered.
This is a neutral-to-slightly-positive compliance update — the promoter has confirmed zero pledging activity on his holding, indicating no financial stress or leveraging of promoter shares during FY25. It is unlikely to move the stock price but reassures investors that promoter share encumbrance levels remain unchanged.