Apollo Tyres to raise up to ₹10,000m via NCDs for future growth

Apollo Tyres Ltd. announced on November 13, 2025, that its board of directors approved raising funds up to ₹10,000 million through the issuance of non-convertible debentures (NCDs). These NCDs will be allotted in one or more tranches via private placement, pending shareholder approval, and will remain within the borrowing limits specified under the Companies Act, 2013. The company also disclosed its unaudited consolidated and standalone financial results for the quarter and half-year ended September 30, 2025.

The consolidated financial results show a profit before tax of ₹4,244.42 million for the half-year ended September 30, 2025. The standalone financial results reported a profit before tax of ₹7,676.38 million for the half-year.

The company further reported maintaining a minimum 125% security cover for its existing listed non-convertible debentures, which aggregate ₹8,650 million as of September 30, 2025. Additionally, commercial papers amounting to ₹3,000 million remained outstanding as of the same date.