Seeking shareholder''s approval at the ensuing AGM for re-appointment of Ms. Lakshmi Puri as an Independent Director for a second term of 5 years.
APOLLOTYRE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Apollo Tyres reported strong FY26 standalone profit after tax of Rs. 18.52 billion, nearly tripling from Rs. 6.29 billion in FY25, driven by a one-time deferred tax benefit of Rs. 5.74 billion from adopting the new concessional tax regime. Consolidated revenue grew 9% to Rs. 284.71 billion with PAT of Rs. 13.72 billion. The board recommended a final dividend of Rs. 2.50 per share, making total FY26 dividend Rs. 6.00 per share (including Rs. 3.50 interim). The company is seeking shareholder approval at the AGM to re-appoint Ms. Lakshmi Puri as Independent Director for a second 5-year term from October 29, 2026. She is a former Indian diplomat and UN Assistant Secretary General with 28 years of diplomatic experience. The filing also notes an exceptional charge of Rs. 10 billion related to the closure of the Enschede, Netherlands manufacturing plant.
The strong financial performance and increased dividend payout are positive signals for shareholders. The re-appointment of an experienced independent director maintains board stability and governance continuity.