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Apollo Pipes informs about outcome of finance committee meet

11 Apr 2024 Evaluate

In accordance with Regulation 30 of Securities & Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations, 2015’), Apollo Pipes has informed that the Finance Committee of the Board of Directors of the Company in their meeting held today April 11, 2024, has considered and approved the allotment of 20,00,000 Equity Shares of Face Value of Rs 10 each, pursuant to conversion of 20,00,000 Fully Convertible Warrants (‘Warrants’), allotted on May 10, 2023, at an issue price of Rs 550 each. The details of allotment are enclosed. Consequent to the said allotment, the Paid-up Equity Share Capital of the Company stands increased to Rs 41,35,32,060 divided into 4,13,53,206 Equity Shares of face value Rs 10 each. The new equity shares issued shall rank with the existing equity shares of the Company. The meeting of the Finance Committee of the Board of Directors commenced at 10:00 am and concluded at 11:30 am.

The above information is a part of company’s filings submitted to BSE.

Apollo Pipes Share Price

466.15 10.15 (2.23%)
17-Apr-2026 16:59 View Price Chart
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