Apollo Tyres Limited — Others, 14-05-2025: Change in Auditors

Apollo Tyres Ltd. has announced a board meeting to consider the financial results for the quarter and year ended March 31, 2025. The Board approved consolidated revenue of ₹26,123 Cr and standalone revenue of ₹18,174 Cr for the year, with profit after tax at ₹1,121 Cr consolidated and ₹629 Cr standalone. A final dividend of ₹5 per share was declared, subject to approval. New appointments include DMK Associates as Secretarial Auditor and Prateek Rastogi as Internal Auditor. The company reported clean audit opinions, compliance with debenture covenants, and a low consolidated debt-equity ratio of 0.23x. Ongoing restructuring includes closing a subsidiary and plans to halt production at its Netherlands plant by 2026, with impairment charges recognized to optimize its global operations and financial stability.