Apollo Tyres Limited — Important, 25-04-2025: Closure of operations

Apollo Tyres' wholly-owned subsidiary in the Netherlands, ATNL, has initiated a consultation process regarding its intention to discontinue tyre production at the Enschede plant by summer 2026. This decision is driven by high production costs and is subject to approval from the ATNL Works Council and Supervisory Board. In the last financial year, the Enschede facility contributed approximately ₹14,636 million (5.8%) to Apollo Tyres Ltd.'s consolidated revenue and ₹11,667 million (8.4%) to its net worth. The consultation process underscores the company's focus on streamlining operations while navigating challenging production economics. Investors should watch closely for developments, as this could impact the company's overall operational efficiency and market position.