Apollo Tyres Corrects Typographical Error in Senior Management Change Filing
K N Mishra
04/Apr/2025
What’s covered under the Article:
-
Apollo Tyres corrects the date of Rajeev Kumar Sinha's appointment as Chief Manufacturing Officer from April 2, 2025, to April 3, 2025.
-
The company revises senior management changes, with the Unit Heads of Plants in India no longer part of the senior management team.
-
Revised details filed under SEBI Regulation 30 to reflect the corrected information, as per disclosure obligations.
On April 4, 2025, Apollo Tyres Ltd., a leading Indian tyre manufacturer, issued a correction notice regarding a typographical error in its earlier filing with the National Stock Exchange of India (NSE) and BSE Ltd. The filing, originally made on April 2, 2025, was related to the company’s senior management change under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The error identified was the incorrect date of the appointment of Mr. Rajeev Kumar Sinha as the Chief Manufacturing Officer (CMO). The original filing had mistakenly stated that Mr. Sinha’s appointment was effective April 2, 2025, instead of the correct date, April 3, 2025. The company promptly rectified this and filed the corrected details on April 4, 2025, under the revised filing.
The corrected filing, which includes both Annexure A and Annexure B, ensures compliance with the SEBI regulations and provides updated information about the appointment of Mr. Sinha and the subsequent changes in the senior management structure of Apollo Tyres.
Key Changes and Updates:
1. Appointment of Mr. Rajeev Kumar Sinha as Chief Manufacturing Officer (CMO):
The company confirmed the appointment of Mr. Rajeev Kumar Sinha to the position of Chief Manufacturing Officer with effect from April 3, 2025. Mr. Sinha brings with him over 35 years of experience in managing large-scale manufacturing operations. His past roles include significant leadership positions at Cipla, Glenmark, PepsiCo, and Cadbury, where he was responsible for global manufacturing operations and formulating strategic frameworks for operational excellence.
Mr. Sinha holds a Mechanical Engineering degree from IIT Kanpur and is recognized for his strategic contributions in optimizing manufacturing operations across multiple industries.
2. Senior Management Changes and Plant Heads Reporting Structure:
Along with the appointment of Mr. Sinha, Apollo Tyres also announced changes in the reporting structure within its senior management team. Due to Mr. Sinha’s appointment, several Unit Heads of Plants in India will no longer be part of the senior management team, as defined under Regulation 16 (1)(d) of SEBI (LODR) Regulations, 2015. The affected Unit Heads are:
-
Mr. Piush Bansal – Unit Head, Limda Plant
-
Mr. C. Thomas Mathew – Unit Head, Chennai Plant
-
Mr. George Oommen – Unit Head, Kerala Plants
-
Mr. Anand Sathyamoorthy – Unit Head, AP Plant
These plant heads will continue in their roles but will now report directly to the Chief Manufacturing Officer (CMO), instead of being part of the senior management team. The change in reporting structure reflects the company’s alignment of operations and management to ensure optimal efficiency across its manufacturing units.
3. Disclosure in Compliance with SEBI Regulations:
Apollo Tyres has now filed the revised information with the NSE and BSE, including all the necessary details as per the provisions of SEBI’s Regulation 30. These amendments were carried out in accordance with the SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, and ensure that the company remains in full compliance with its disclosure obligations to investors and stakeholders.
The updated filing includes:
-
Corrected Date of Mr. Sinha’s appointment: April 3, 2025
-
Changes in senior management reporting with updated details on Unit Heads.
Conclusion:
This typographical error correction is a standard step taken by Apollo Tyres to ensure the accuracy and transparency of all its public filings and to uphold investor confidence. The company continues to follow its corporate governance and regulatory compliance standards diligently, ensuring the proper execution of its operational and management structures.
Apollo Tyres remains committed to strong leadership, the effective integration of senior management in line with its strategic goals, and the efficient management of its operations. With Rajeev Kumar Sinha at the helm of manufacturing operations, the company is poised to further enhance its manufacturing capabilities and sustain its market leadership in the tyre industry.
About Apollo Tyres Ltd.
Apollo Tyres Ltd. is one of India’s largest and most respected tyre manufacturers, with a rich history of innovation and global expansion. The company produces tyres for a wide range of vehicles, including cars, motorcycles, commercial vehicles, and farm equipment. With a presence in over 100 countries, Apollo Tyres remains a pioneer in the automotive and manufacturing sector, continuously advancing its technology and operations to meet the growing demands of the global market.
The Upcoming IPOs in this week and coming weeks are Aten Papers & Foam.
The Closed IPOs are Infonative Solutions Limited, Spinaroo Commercial Limited,Retaggio Industries Limited.