The board of directors of Apollo Tyres Limited at its meeting held on May 14, 2024, Ms. Pallavi Shroff (DIN: 00013580) will cease to be the Director with effect from the close of business hours on May 14, 2024 consequent to end of her second term as an Independent Director. Mr. Satish Sharma (DIN: 07527148) wishes to take early retirement to pursue his personal interests and hence has tendered his resignation as a Whole-time Director of the Company and consequently as a member of Risk Management Committee of the Board as well as from the Board of Subsidiaries of the Company where he is a director, with effect from the close of business hours on May 14, 2024. He has confirmed that there is no other material reason other than the one mentioned in his letter.

He will continue as President (APMEA) untill close of the business hours of May 31, 2024 for smooth transition of his role and responsibilities.