Apollo tyres has received a customs penalty order of Rs 14.34 lakh from the Joint Commissioner of Customs, Chennai, over a dispute regarding HSN classification. The company disclosed this development to stock exchanges on April 16, 2026, in compliance with SEBI regulations.

Penalty Details

The customs authority has imposed the penalty under the Customs Act, 1962, specifically related to a classification dispute under the Harmonized System of Nomenclature (HSN). The order was received by the company on April 16, 2026.

Company's Response

Apollo Tyres has indicated that it will challenge the customs order through the appropriate legal channels. The company plans to file an appeal before the Appellate Authority in due course, exercising its right to contest the penalty imposed by the customs department.

Financial Impact Assessment

According to the company's regulatory filing, the penalty is not expected to have any material impact on its financial performance or operational activities. The disclosure specifically states that there is no material impact anticipated on the company's financial, operations, or other business activities.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company submitted the required details as per SEBI Master Circular guidelines, ensuring transparency with stakeholders regarding the customs order and its potential implications.

Apollo Tyres has filed its monthly compliance report with the National Stock Exchange of India and BSE Limited, detailing the status of physical share transfer requests under the Securities and Exchange Board of India's special window program. The report, submitted on April 15, 2026, covers the period ending March 31, 2026.

Compliance with SEBI Circular Requirements

The submission follows SEBI Circular No. HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 dated January 30, 2026, which mandates regular reporting on the re-lodgement of transfer requests for physical shares. This circular extended the special window for transfer and dematerialisation of physical securities, providing shareholders with an extended timeframe from February 05, 2026 to February 04, 2027.

March 2026 Transfer Status Report

KFin Technologies Limited, serving as Apollo Tyres' registrar and share transfer agent, prepared the comprehensive status report. The data reveals no activity in physical share transfers during the reporting period.

SEBI Special Window Program

The special window program stems from SEBI circular SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/97 dated July 2, 2025, and the subsequent extension circular from January 30, 2026. This initiative provides shareholders with additional time to complete transfer and dematerialisation processes for physical securities, addressing the regulatory push towards complete dematerialisation of securities in the Indian capital markets.

Corporate Governance and Transparency

The regular submission of these reports demonstrates Apollo Tyres' commitment to regulatory compliance and transparency. Company Secretary and Compliance Officer Seema Thapar digitally signed the submission, ensuring proper authentication and maintaining corporate governance standards. The report serves as an official record for both stock exchanges and provides transparency to stakeholders regarding the company's physical share transfer activities.

The nil status across all parameters indicates either complete dematerialisation among existing shareholders or absence of transfer requests during the March 2026 period. This reporting mechanism ensures continuous monitoring of physical share movements and supports SEBI's broader objective of promoting electronic holding and trading of securities in the Indian financial markets.