Apollo Tyres Limited informed both the National Stock Exchange of India and BSE on June 5, 2026, about two penalty orders received from the Deputy Commissioner, Bihar (GST) under the Goods and Services Tax Act, 2017. The two orders, both received on June 4, 2026, impose total penalties amounting to Rs 0.71 crore on the tyre manufacturer.
The first order, detailed in Annexure A of the regulatory disclosure, imposes a penalty of Rs 0.13 crore arising from a dispute regarding Input Tax Credit. Apollo Tyres has stated it will file an appeal before the appellate authority in due course for this order.
The second order, detailed in Annexure B of the disclosure, imposes a penalty of Rs 0.58 crore related to disputes over Input Tax Credit and E-way Bill compliance. Apollo Tyres has confirmed it will file an appeal before the appellate authority for this order as well.
Apollo Tyres has assessed the financial impact of both orders received from the Deputy Commissioner, Bihar (GST) and confirmed there is no material impact on its financial, operational, or other activities. Apollo Tyres stated the penalties do not have a quantifiable material financial impact on its operations or overall financial position.
The disclosure to exchanges was made under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The filing was submitted in compliance with the SEBI Master Circular dated January 30, 2026.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.