Apollo Tyres seeks shareholder approval for Rajeev Kumar Sinha's appointment as Whole-Time Director
Apollo Tyres is seeking shareholder approval via postal ballot for Rajeev Kumar Sinha's appointment as Whole-Time Director for five years from August 13, 2026. He has over 36 years of experience. The e-voting period is from September 8 to October 7, 2026.
The appointment of a Whole-Time Director, especially one with significant experience, is a material event for the company. The terms of appointment and remuneration are also significant, warranting a medium impact assessment.
The announcement concerns a routine corporate governance process (appointment of a director via postal ballot) and does not contain information that would immediately suggest a positive or negative impact on the company's stock or operations.
Apollo Tyres Limited has initiated a postal ballot process to seek shareholder approval for the appointment of Mr. Rajeev Kumar Sinha as a Whole-Time Director. This appointment is proposed for a period of five years, effective from August 13, 2026, to August 12, 2031.
Mr. Sinha, currently the Chief Manufacturing & Sustainability Officer, brings over 36 years of experience in manufacturing and operations from leading companies such as Cipla, Glenmark, PepsiCo, and Cadbury. He holds a Mechanical Engineering degree from IIT Kanpur.
The proposed remuneration package for Mr. Sinha includes a monthly salary of approximately ₹31.25 lakhs, along with perquisites and allowances not exceeding 100% of his annual salary. Additionally, a performance-linked bonus or commission of up to ₹18.76 lakhs per month, subject to a ceiling of 1.5% of the company's net profit, is proposed. The terms and conditions of his appointment and remuneration are subject to shareholder approval and will comply with the Companies Act, 2013, and SEBI regulations.
The postal ballot notice, dispatched to shareholders on August 13, 2026, will be conducted solely through remote e-voting. The e-voting period commences on September 8, 2026, at 10:00 AM IST and concludes on October 7, 2026, at 5:00 PM IST. The results of the voting will be announced on or before October 9, 2026.
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Apollo Tyres Limited filed this with the NSE as a statutory disclosure, categorised under board changes. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Apollo Tyres Limited. Read the original for the full detail.