Apollo Tyres Limited — Others, 19-02-2025: Action(s) taken or orders passed

Apollo Tyres has disclosed an order received from the Deputy Commissioner of Central Tax, Tamil Nadu, demanding GST payment along with a penalty of ₹75.35 crore. The order relates to a dispute over ineligible Input Tax Credit (ITC) and other issues. The company plans to appeal this order but has stated that it does not anticipate any material impact on its financial or operational activities. This announcement may suggest a neutral impact on investor sentiment, as the company has a strategy in place to contest the decision without immediate financial repercussions.