Apollo Pipes Limited has made a regulatory disclosure to the National Stock Exchange of India Limited and BSE Limited regarding the allotment of equity shares through warrant conversion.

The disclosure is made pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and in continuation of the company's previous intimation dated April 23, 2025, regarding the allotment of 20,00,000 fully convertible warrants.

The Finance Committee of the Board of Directors, at its meeting held on October 17, 2026 (commencing at 10:00 AM and concluding at 10:25 AM), 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. This allotment was made upon exercise and conversion of an equivalent number of warrants.

The approval was granted upon receipt of the balance consideration of ₹412.50 per warrant, which represents 75% of the issue price. The total amount received aggregates to ₹82,50,00,000 (Rupees Eighty Two Crore Fifty Lakh Only).

Allotment Details:

  • Allottee Name: KITARA PIIN 2401
  • Category: Non-Promoter
  • Number of Warrants Converted: 20,00,000
  • Number of Equity Shares Allotted: 20,00,000
  • Total Allotment: 20,00,000 warrants converted into 20,00,000 equity shares

Capital Structure Impact:

Consequent to this allotment, the Paid-up Equity Share Capital of the Company has increased from ₹44,04,82,060 (comprising 4,40,48,206 equity shares of ₹10 each) to ₹46,04,82,060 (Forty Six Crore Four Lakh Eighty Two Thousand and Sixty) divided into 4,60,48,206 (Four Crore Sixty Lakh Forty Eight Thousand Two Hundred and Six) Equity Shares of ₹10 each.

The new equity shares issued shall rank pari-passu with the existing equity shares of the Company.

Additional Information from Annexure-I:

The issue was made at a price of ₹550 per equity share, which includes a securities premium of ₹540 per share. The total issue consideration aggregates to ₹110 Crore, comprising:

  • ₹27.50 crore paid at the time of subscription to the warrants
  • ₹82.50 crore received upon exercise and conversion of the warrants into equity shares

Post-allotment Shareholding Change:

KITARA PIIN 2401 held no equity shares (0%) prior to this allotment. Following the allotment, they now hold 20,00,000 equity shares, representing 4.34% of the post-allotment paid-up capital.

The disclosure includes compliance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

The document was digitally signed by Gourab Kumar Nayak, Company Secretary & Compliance Officer, on October 17, 2026, at 10:27:30 +05:30.