Apollo Tyres has informed the stock exchanges about the completion of Mr. Vinod Rai's tenure as Independent Director. The company notified both the National Stock Exchange of India and BSE Limited on February 9, 2026, regarding this board change in compliance with regulatory requirements.

Director Tenure Completion Details

The company provided specific details about Mr. Rai's departure from the board:

Regulatory Compliance

The notification was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Apollo Tyres also referenced compliance with SEBI Master Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, ensuring all required disclosures were properly made.

Company Secretary Communication

The formal communication was signed by Ms. Seema Thapar, Company Secretary & Compliance Officer of Apollo Tyres Ltd. The notification included an annexure providing detailed information as required under the listing regulations, covering the reason for change, date of cessation, and other relevant particulars.

This board change represents the natural conclusion of Mr. Rai's second term as an Independent Director, following the completion of his tenure period as per corporate governance norms.

Apollo Tyres delivered a strong third-quarter performance and shared comprehensive investor presentation during its conference call held on February 5, 2026. The tyre manufacturer's consolidated results demonstrate robust operational momentum and effective business execution during the quarter.

Financial Performance Overview

The company's Q3FY26 financial results showcase impressive year-on-year growth across profitability, revenue, and operational efficiency metrics:

Investor Presentation Highlights

Pursuant to Regulation 30(6) and 46(2) of SEBI regulations, Apollo Tyres shared its Q3FY26 investor presentation during the conference call. The presentation revealed several key operational achievements, including the highest ever quarterly revenue crossing ₹5,000 crore mark for India operations and the highest year-on-year growth over the last 12 quarters.

Strong India Operations Performance

The India operations demonstrated exceptional performance with revenue reaching ₹51.39 billion in Q3FY26, representing a robust 13.2% year-on-year growth from ₹45.40 billion in Q3FY25. The EBITDA margin for India operations improved significantly to 14.5% from 11.1% in the previous year, marking an expansion of 344 basis points.

Operational Efficiency and Cash Flow

The company demonstrated strong cash flow generation with free cash flow reaching ₹16 billion for the nine-month period, compared to ₹3 billion for the full previous fiscal year. Net debt decreased significantly to ₹13 billion by December 2025 from ₹26 billion in September 2025, resulting in an improved net debt to EBITDA ratio of 0.4x.

Strategic Focus Areas

The presentation highlighted the company's continued focus on profitable growth, free cash flow generation, and improved return ratios. Apollo Tyres registered highest ever Vredestein volumes in Q3FY26, with the dual brand strategy in passenger car radials continuing to perform well. The premium mix in passenger car radials continues to improve, supporting the company's premiumization strategy.