Apollo Tyres Ltd

Postal ballot for WTD appointment

• Board approved ordinary resolution to appoint Rajeev Kumar Sinha as Whole-time Director.
• Cut-off date for notice and e-Voting fixed at Friday, August 28, 2026.

ESG ratings update

• Crisil ESG Rating assigned: 66 for FY2026
• Core ESG rating: 70 for FY2026
• Rating voluntarily assigned by Crisil ESG Ratings & Analytics Ltd
• Disclosure published on Apollo Tyres' website
• No impact on financials or operations disclosed

Appointment of Whole-time Director

• Approved appointment of Rajeev Kumar Sinha as Whole-time Director (Additional Director) for five years, effective Aug 13, 2026.
• Subject to shareholders' postal ballot approval.
• Role currently Chief Manufacturing and Sustainability Officer; appointed as WTD following Nomination and Remuneration Committee recommendation.
• Has 36 years of experience across Cipla, Glenmark, PepsiCo, Cadbury.
• Education: Mechanical Engineering from IIT Kanpur.
• Not debarred from directorship per SEBI/authorities.

Relodgement status under SEBI window

• No requests received during July 2026 under the relodgement window.
• No requests processed in July 2026.
• No requests approved or rejected in July 2026.
• Average processing time for requests is NA.
• Special Window for transfer and dematerialisation extended to February 04, 2027.

Financial Performance

• Consolidated Q1 FY27 revenue INR 74 billion; up 12.8% YoY; sequential growth muted.
• Consolidated EBITDA margin 11.7%; down 150 bps YoY due to RM cost pressures.
• India revenue INR 54.6 billion; YoY growth 15.6%; sequential growth 4.3%.
• Europe revenue €147 million; YoY +0.5%; EBITDA €13 million; margin 8.9%.
• Enschede closure/transition caused cost overlap; benefits expected to materialise from H2 of the current year.
• Raw material costs rose ~17% in Q1; margins defended via price increases and cost control.

Market and Segment Trends

• India volumes: Replacement 13%, OEM 10%, exports 15%; all double-digit.
• Demand healthy; July started strong; momentum expected into Q2.
• Europe: antidumping duty on Chinese tyres could boost domestic players; PCR replacement growth remains double-digit.
• Capacity shift: Netherlands to Hungary; 750,000 tyres shifted; Sep/Oct 2026 completion.
• Agri tyres: midterm plan to continue with offtake partner; capacity expansion limited.

Capital Allocation and Balance Sheet

• Q1 consolidated CapEx was INR 650 crores; India CapEx in Q1 was INR 500 crores.
• Net debt-to-EBITDA at consolidated level 0.4; absolute net debt about INR 1,700 crores.
• CapEx guidance remains above INR 3,000 crores for FY27; execution underway.
• CapEx to rise in Q2 and Q3 as projects progress.

Projects and Capacity Realignment

• Hungary production to start in H2; ramp to 21,000 tyres from 17,000.
• India capacity expansion to start end of this year; ramp through FY28.
• Netherlands to Hungary capacity shift; completion targeted Sep–Oct 2026.
• Spacemaster spare tyre capacity moved to Baroda; OEM clearances obtained.

Q&A Highlights

• India price hikes in Q1 were about 7–9%; more planned in Q2; full impact in H2.
• Europe RM up 8% in Q1; total price increases ~10% needed; only 3–4% implemented.
• Expects full RM pass-through in H2; depends on RM trajectory and demand.
• Exports largely Europe; US weaker; West Asia impacted by conflict.
• Market share: TBR replacement >30%; PC replacement >21%.
• Reifen revenue €43 million; EBITDA ~3%.

Invocation of encumbrance

• Target company is Apollo Tyres Ltd.
• Encumbrance type: pledge on promoter equity shares.
• Encumbered shares: 24,000 (0.01% of total share capital).
• Promoter group involved: Onkar Kanwar family and related entities.
• Lender: Nuvama Wealth Finance Ltd.
• Reason for encumbrance: loan/credit facility.
• Date of invocation: 30-07-2026.
• Promoter holdings impact: encumbrance equals 0.01% of total share capital.
• Promoter group/PACs include Apollo Green Energy Ltd.

ESG rating update

• ESG Risk Assessments and Insights Limited assigned Apollo Tyres ESG rating of 69 for FY2026.
• Rating disclosed on Apollo Tyres website.

Meeting Details

• Date and time: August 7, 2026 at 3:30 PM IST.
• Type and mode: investor conference call, group, virtual.
• Organizer: Apollo Tyres Ltd.
• Purpose: Q1 FY27 earnings call.
• Recording: available on Apollo Tyres website under Investors/IR updates/A/V Recordings.