Apollo Tyres Ltd — AGM Information 2024

Jul 25, 2024

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ATL/SEC-21

July 25, 2024

	The Secretary National Stock Exchange of India Ltd, Exchange Plaza, Bandra- Kurla Complex- Bandra (E), Mumbai- 400051	The Secretary, BSE Ltd, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai -400001

Dear Sirs,

Sub: Proceedings of the 51[st] Annual General Meeting (AGM)

Pursuant to Regulation 30 read with Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached herewith the proceedings of the 51[st] AGM of the Company held today i.e. July 25, 2024, through Video Conferencing.

The proceedings are also made available on the Company’s website at www.apollotyres.com.

You are requested to kindly take the same on record.

Thanking you,

Yours faithfully,

For Apollo Tyres Ltd

SEEMA Digitally signed by SEEMA THAPAR THAPAR Date: 2024.07.25 16:08:58 +05'30' (Seema Thapar) Company Secretary & Compliance Officer

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Registered Office: Apollo Tyres Ltd. 3[rd ] Floor, Areekal Mansion, Panampilly Nagar, Kochi 682036, India CIN: L25111KL1972PLC002449, Tel No. + 91 484 4012046, Fax No. +91 484 4012048, Email:info.apollo@apollotyres.com

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Proceedings of the 51[st] Annual General Meeting of Apollo Tyres Ltd

The 51[st] Annual General Meeting (AGM) of the Company was held on July 25, 2024, at 3.00 PM (IST) through Video Conferencing (VC). The Meeting was held in compliance with the Ministry of Corporate Affairs (MCA) Circulars dated September 25, 2023, December 28, 2022, May 5, 2022, December 14, 2021, December 8, 2021, January 13, 2021, May 5, 2020, April 13, 2020 and April 8, 2020, SEBI Circulars dated October 7, 2023, January 5, 2023, May 13, 2022, January 15, 2021 and May 12, 2020 and other applicable provisions. Mr. Onkar Kanwar, Chairman of the Company, chaired the meeting and as the requisite quorum being present, called the meeting to order. The Chairman introduced the Board of Directors. The Chief Financial Officer, Company Secretary and the representatives of the Statutory Auditors and Secretarial Auditors attended the meeting through VC.

The Chairman addressed the Members attending the meeting through VC and delivered his speech. The Chairman informed the Members that Notice along with the Board’s Report and Audited Financial Statements had already been sent to the Members by email and were taken as read. The Auditor’s Report on Financial Statements and Secretarial Audit Report of the Company for the financial year ended March 31, 2024 did not contain any qualification, reservation, adverse remark or disclaimer. Accordingly, the reports were not read out, as provided in the Companies Act, 2013.The Chairman explained the objectives and implications of each items of the Notice. The Chairman informed the Members that all item Nos. 1 to 7 of the notice had been voted by the Members through remote e- Voting, from July 22, 2024 (10:00 A.M.) (IST) to July 24, 2024 (5:00 P.M.) (IST). The Members present at the meeting, who had not done remote e-Voting, were allowed to cast their votes using e-Voting platform of NSDL.

Members who had registered themselves as speakers were invited to express their views. Mr. Neeraj Kanwar, Vice Chairman and Managing Director, Gaurav Kumar, CFO & Whole-time Director and Mr. Benoit Rivallant, Chief Commercial Officer responded to various queries raised by the Members.

The following items of Business as set out in the Notice convening the 51[st] AGM were considered and voted by the Members:

ORDINARY BUSINESS

• 1 Adoption of

• a) the audited financial statement of the Company for the financial year ended March 31, 2024, the reports of the Board Directors and Auditors thereon; and

• b) the audited consolidated financial statement of the Company for the financial year ended March 31, 2024 and report of Auditors thereon. (Ordinary Resolution)

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Registered Office: Apollo Tyres Ltd. 3[rd ] Floor, Areekal Mansion, Panampilly Nagar, Kochi 682036, India CIN: L25111KL1972PLC002449, Tel No. + 91 484 4012046, Fax No. +91 484 4012048, Email:info.apollo@apollotyres.com

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• 2 Declaration of dividend @ 600% (Rs.6 per equity share) for the financial year 2023-24 to be paid to the Members holding shares as on the record date i.e. July 5, 2024. (Ordinary Resolution)

• 3 Re-appointment of Mr. Sunam Sarkar (DIN: 00058859) as Director who retires by rotation. (Ordinary Resolution)

SPECIAL BUSINESS

1. Ratification of the payment of remuneration to Cost Auditors for the financial year 2024-2025. (Ordinary Resolution)

2. Appointment of Mr. Sumit Dayal (DIN: 10248835) as an Independent Director for a term of 5 (five) consecutive years with effect from August 6, 2024 to August 5, 2029 (both days inclusive). (Special Resolution)

3. Appointment of Mr. Berjis Desai (DIN: 00153675) as an Independent Director for a term of 5 (five) consecutive years with effect from August 6, 2024 to August 5, 2029 (both days inclusive). (Special Resolution)

4. Appointment of Mr. Gaurav Kumar (DIN: 10196754) as a Whole-time Director for a period of 5 years with effect from June 1, 2024 to May 31, 2029 (both days inclusive). (Ordinary Resolution)

The Board of Directors had appointed Mr. P. P Zibi Jose as the Scrutinizer to supervise the e-Voting process.

The Chairman authorized the Company Secretary to declare the results of voting within the stipulated time.

The AGM concluded at 3:45 PM.

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Registered Office: Apollo Tyres Ltd. 3[rd ] Floor, Areekal Mansion, Panampilly Nagar, Kochi 682036, India CIN: L25111KL1972PLC002449, Tel No. + 91 484 4012046, Fax No. +91 484 4012048, Email:info.apollo@apollotyres.com