Apollo Tyres Limited received order from Deputy Commissioner (CT), Tamil Nadu. Order passed under GST Act demanding GST and levying consequential penalty of INR 20.551 million. Dispute regarding availment of ITC and other issues.

The Company will file appeal before Appellate Authority in due course. There is no material impact of the same on financial, operations or other activities of the Company. Date of receipt of direction or order: April 15, 2024.