- All
- Important
- Financial Update
- Fund Raise
- Board Meeting
- Dividend/Bonus
- JV/Acquisition
- Investor Meet
- Insider Trade
- Pledging
- Others
Loading...
The Board of Directors of Apollo Tyres Ltd has convened a meeting and approved several key developments. The company will publish its financial results for the quarter and nine-months period ending December 31, 2024. Key highlights include total income of ₹69,360.12 million and profit before tax of ₹4,645.81 million for the quarter, reflecting a year-on-year change in net profit of ₹3,372.45 million. The company has also proposed an Employee Stock Option Scheme for employees, requiring shareholder approval via postal ballot.
In management updates, Parmeshwaran Iyer has been appointed as the Chief Supply Chain Officer, marking a strategic addition given his extensive experience across industries, particularly in supply chain management. Moreover, the re-appointment of Mr. Francesco Crispino as an Independent Director for a second term is also subject to shareholder approval. These initiatives could bolster operational efficiency and governance, indicating a positive outlook as Apollo Tyres strives for growth and shareholder value. Investors should maintain a watchful eye on developments from this meeting, especially regarding the stock option scheme and management changes.