Apollo Tyres Limited — Others, 24-02-2025: Action(s) taken or orders passed

Apollo Tyres Ltd has announced that it received an order from the Excise and Taxation Officer in Gurgaon, Haryana, demanding Rs 11.65 lakh as GST along with a penalty. This order pertains to a dispute over ineligible Input Tax Credit (ITC). The company plans to appeal the decision before the Appellate Authority. While the order could have implications for compliance, management indicated that it will not materially affect the company's financial or operational activities. Investors may view this update with a neutral outlook, as the company's proactive approach to appeal suggests a focus on safeguarding its interests.