Apollo Tyres: Onkar Kanwar Files SEBI Reg. 31(4) Disclosure of Substantial Share Acquisition

Regulatory 30 Jun 2026 · Filed / open· ✓ Verified

Onkar Kanwar filed a Regulation 31(4) disclosure with NSE, indicating a substantial acquisition of shares in Apollo Tyres Limited as of 30 June 2026. Under SEBI's Takeover Regulations 2011, Regulation 31(4) requires disclosure of acquisition of shares leading to or likely to lead to a change in control or material modification of shareholding. The filing signals either a threshold crossing (typically 25% of equity capital) or acquisition of voting rights that triggers mandatory disclosure and potential open offer obligations. Apollo Tyres, listed on both NSE and BSE, is a major Indian tyre manufacturer; Onkar Kanwar is the founder and promoter of the company.

Why it mattersRegulation 31(4) disclosures by promoters crossing acquisition thresholds require careful sequencing of open offer mechanics, timing, and exemption claims under Regulation 10 (exemptions for acquisitions in open market or between promoters/group entities); counsels must map acquiree's existing shareholding, public float position, and any standstill agreements or lock-ins that might modify the offer scope.
Counsel—
SectorIndustrials
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