Apollo Tyres Limited — Others, 20-05-2025: Options to purchase securities

Apollo Tyres has announced a board meeting concerning the grant of 26.69 lakh employee stock options under its Employee Stock Option Scheme – 2025. Each option can be exercised at Rs. 450 to acquire one equity share. These options, offered to employees of the company and its subsidiaries, will vest over one to four years and be exercisable within three years after vesting. The scheme permits up to 1.27 crore options, priced with a maximum 10% discount on market price but not below face value, and will be managed through a trust acquiring shares via secondary market purchases.