Apollo Tyres Ltd. has issued an official communication regarding a significant change in its senior management structure. In a letter sent to both BSE Limited and National Stock Exchange of India Ltd. (NSE) on May 1, 2025, the company announced that Mr. C. Krishna Kumar, the Vice President (Projects) at Apollo Tyres, will no longer be part of the senior management team, as defined under Regulation 16 (1) (d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

This change is a result of a revised reporting structure aimed at aligning the company’s Projects team with its Global Manufacturing division. As part of the restructuring, Mr. Krishna Kumar will now report directly to the newly established Chief Manufacturing Officer of the company, effective from May 1, 2025.

The official disclosure provides clarity on the organizational change and highlights that this shift does not impact Mr. Krishna Kumar’s role in overseeing projects, but it alters his seniority level within the company’s leadership framework. His transition out of the senior management team is reflective of the company’s strategy to streamline its leadership structure and focus on improving the alignment between its various business functions. Apollo Tyres has taken this step in accordance with Regulation 30 of the SEBI Listing Regulations, which governs corporate disclosures related to changes in senior management.

For investors and stakeholders, this move is part of the company’s ongoing efforts to optimize its leadership and ensure that its senior management team is aligned with the global operations, particularly within the manufacturing sector. By restructuring the reporting lines, Apollo Tyres is positioning itself for more effective management and a greater focus on operational efficiency, particularly in its critical manufacturing and projects functions.

Mr. Krishna Kumar, who had been with the company in his previous role as Vice President (Projects), will continue to contribute to Apollo Tyres under the new structure. He will now report to the Chief Manufacturing Officer, and the change reflects an increased emphasis on integrating the projects team with global manufacturing processes.

The announcement includes a detailed disclosure in the format required by SEBI under its Master Circular issued in November 2024. According to the official documents, the changes will take effect immediately, and the company reassures stakeholders that this is an internal organizational change without any immediate impact on Mr. Krishna Kumar's professional responsibilities.

In conclusion, this change in senior management reporting structure at Apollo Tyres Ltd. is part of a larger strategic realignment aimed at improving the company’s manufacturing capabilities and ensuring that its projects team works more closely with global operations. This update reflects the company’s commitment to transparency and its adherence to SEBI regulations regarding corporate governance and management disclosures. The new alignment is expected to bolster Apollo Tyres' operational focus, and the company remains committed to its growth and innovation strategies.

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