Apollo Tyres Ltd has declared a final dividend of ₹2.50 per equity share, representing 250% of the face value of ₹1 each, for the financial year ended March 31, 2026. The Board of Directors recommended the payout at its meeting held on May 14, 2026. Shareholders holding shares as on the record date of July 10, 2026, will be eligible for the dividend, which is subject to approval at the upcoming Annual General Meeting (AGM).

The company announced that the dividend will be paid within 30 days from the date of the AGM. In compliance with SEBI directives effective from November 18, 2025, payments will be processed exclusively via electronic mode, discontinuing the use of dividend warrants or cheques. Shareholders have been advised to ensure their bank account details are updated in their demat accounts or physical folios to facilitate timely credit.

The 53rd AGM is scheduled to be held on Wednesday, July 29, 2026, at 3:00 PM IST via video conference. The meeting will be conducted without a physical venue in accordance with circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India (SEBI). Shareholders participating through the video conference will be counted for quorum purposes under Section 103 of the Companies Act, 2013.

Remote e-voting facilities will be available to shareholders from July 26, 2026 (10:00 AM IST) to July 28, 2026 (5:00 PM IST). Shareholders holding shares in physical or dematerialized form as on the cut-off date of July 22, 2026, may cast their votes during this period or during the AGM. The facility is being provided by National Securities Depository Limited (NSDL).

Electronic copies of the AGM notice and the Annual Report for FY26 will be sent to shareholders whose email IDs are registered with the company, its Registrar and Transfer Agent (KFIN Technologies Ltd), or depository participants as on June 26, 2026. Physical copies of the report weblink will be dispatched to shareholders without registered email addresses. The documents will also be available on the company's website and the websites of BSE Ltd and National Stock Exchange of India Ltd.

Key AGM and Dividend Details

Apollo Tyres Ltd has established a deadline of July 13, 2026, for shareholders to submit tax exemption forms to ensure the appropriate Tax Deducted at Source (TDS) rate is applied to the final dividend for FY26. The Board of Directors recommended a dividend of ₹2.50 per equity share of ₹1 each at its meeting on May 14, 2026, subject to shareholder approval at the 53rd Annual General Meeting (AGM) scheduled for July 29, 2026. The record date to determine eligibility is July 10, 2026.

Under the provisions of the Income Tax Act, 2025, dividends are taxable in the hands of shareholders. The company will deduct TDS at rates varying by shareholder category. Resident shareholders with a valid Permanent Account Number (PAN) linked with Aadhaar face a 10% deduction, though this is waived if the total dividend received during the financial year does not exceed ₹10,000 or if a valid declaration in Form 121 is submitted. Residents without valid PAN or with non-compliant accounts will incur a 20% TDS.

Non-resident shareholders are subject to a 20% TDS rate, plus surcharge and education cess, unless they opt for the lower rate under a Double Taxation Avoidance Agreement (DTAA). To claim DTAA benefits, non-residents must submit a Tax Residency Certificate (TRC), self-declaration in Form 41, and a self-declaration certifying their tax residency and beneficial ownership. Insurance companies and entities covered under Section 393(5) of the IT Act, such as mutual funds, are exempt from TDS upon submission of valid documentary evidence.

The company mandates that all dividend payments be made exclusively through electronic mode. Shareholders must ensure their bank details are updated in their demat accounts or physical folios. For those holding physical shares, dividend payments will be processed only after the folio is KYC compliant and PAN, contact details, and bank account information are furnished to the Registrar and Share Transfer Agent, KFin Technologies Limited.

Shareholders holding shares under multiple accounts with different statuses but a single PAN should note that the highest applicable tax rate will be considered on their entire holding. The tax credit for the deducted amount can be viewed in Form 168 on the TRACES portal. The company clarified that no claims will lie against it for taxes deducted at higher rates due to the absence of necessary documentation.