Apollo Pipes Limited has incorporated a wholly owned subsidiary company named Apollo Ceramics Limited on September 17, 2026. This intimation is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and serves as a continuation of the company's previous intimation dated August 31, 2026.
The incorporation received approval from the Registrar of Companies. Apollo Ceramics Limited is incorporated in India and operates in the building materials industry, specifically in the tiles and ceramics segment.
The subsidiary's business will involve manufacturing (including contract manufacturing), trading, marketing, and distribution of tiles, ceramics, and allied products. No governmental or regulatory approvals were required for this incorporation.
The incorporation was completed through cash consideration. Apollo Ceramics Limited has an authorized share capital of ₹100,00,00,000 (One Hundred Crore Rupees), divided into 10,00,00,000 equity shares with a face value of ₹10 each.
At incorporation, the paid-up share capital is ₹5,00,000 (Five Lakh Rupees), divided into 50,000 equity shares of ₹10 each. Apollo Pipes Limited holds 100% of the paid-up share capital, maintaining complete ownership of the subsidiary.
The disclosure complies with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, with detailed information provided in the enclosed Annexure-A.