Pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI Listing Regulations’) and in continuation of its intimation dated April 23, 2025 regarding the allotment of 20,00,000 fully convertible warrants (‘Warrants’) at an issue price of ?550 per Warrant, Apollo Pipes has informed that the Finance Committee of the Board of Directors of the company, at its meeting held today, October 17, 2026, has approved the allotment of 20,00,000 fully paid-up equity shares of face value ?10 each to KITARA PIIN 2401, belonging to the Non-Promoter category, upon exercise and conversion of an equivalent number of Warrants. The allotment has been approved upon receipt of the balance consideration of ?412.50 per Warrant (being 75% of the issue price), aggregating to ?82,50,00,000. The details of allotment are enclosed. Consequent to the aforesaid allotment, the paid-up equity share capital of the company stands increased from ?44,04,82,060 comprising 4,40,48,206 equity shares of ?10 each to ?46,04,82,060 divided into 4,60,48,206 equity shares of ?10/- each. The new equity shares issued shall rank with the existing equity shares of the company. The details as required under regulation 30 of the SEBI listing regulations read with SEBI master circular no. ho/49/14/14(7)2025-cfd-pod2/i/3762/2026 dated January 30, 2026 is enclosed as ‘Annexure-I’.
