Subject: Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
This is with reference to our letter dated February 3, 2022 related to an Order issued by Competition Commission of India ('CCI') concerning anti-competitive practices by a few tyre manufacturing companies, including Apollo Tyres Ltd. The Company had filed an appeal against the aforesaid order before the National Company Law Appellate Tribunal, New Delhi ("NCLAT").
We wish to inform you that the NCLAT through its judgement has disposed off the appeals by remanding back the case to CCI for review. The Copy of the judgement is made available on December 2, 2022 at the NCLAT website.
The above intimation is for your information and records.
Thanking you
Yours Faithfully,
For Apollo Tyres Ltd.
SEEMA THAPAR
Digitally signed by SEEMA THAPAR
Date: 2022.12.03 08:44:31 +05'30'
(Seema Thapar)
Company Secretary & Compliance Officer
Registered Office: Apollo Tyres Ltd. 3rd Floor, Areekal Mansion, Panampilly Nagar, Kochi 682036, India
Apollo Tyres Ltd. published this content on 03 December 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 December 2022 05:25:04 UTC.
Apollo Tyres Limited is engaged in the manufacturing and sale of automotive tires. The Company operates through the automobile tires, automobile tubes and automobile flaps segment. Its geographical segments include Asia Pacific, Middle East, and Africa (APMEA), Europe and Others. It caters to specific consumer segments through its brands, Apollo and Vredestein. The Apollo brand is available across various categories, including commercial, passenger vehicles, two-wheelers, farm and industrial. The Vredestein brand products include car tires, tires for agricultural and industrial applications and bicycle tires. The product portfolio of the Company includes the entire range of passenger car, SUV, MUV, light truck, truck-bus, two-wheeler, agriculture, industrial, specialty, bicycle and off-the-road tires, and retreading material and tires. Its operations are in India and comprises five tire manufacturing plants, two located in Cochin and one each at Vadodara, Chennai, and Andhra Pradesh.