Apollo Pipes Shareholders Approve Capital Increase and Warrants

Type of Meeting: Postal Ballot
Record Date: August 28, 2026
Voting Period: September 1, 2026 (10:00 AM IST) to September 30, 2026 (5:00 PM IST)
Total Shareholders on Record Date: 37,387
Scrutinizer: Mr. Jatin Gupta of Jatin Gupta & Associates, Practicing Company Secretary
Scrutinizer Appointment Date: August 31, 2026
Report Issuance Date: October 1, 2026

Description: Increase authorized share capital and make alteration in capital clause of the Memorandum of Association
Promoter Interest: No
Result: Passed

Description: Preferential issue of fully convertible warrants to persons belonging to non-promoter category
Promoter Interest: No
Result: Passed
Note: A corrigendum to the postal ballot notice was issued on September 17, 2026 explaining changes to the explanatory statement regarding utilization of issue proceeds and pre/post issue shareholding pattern.

Voting Mechanism: Remote e-voting via postal ballot
E-voting Provider: Central Depository Services (India) Limited (CDSL)
Voting Duration: 30 days
Compliance: Conducted in accordance with Section 110 of Companies Act, 2013 and relevant rules, SEBI LODR Regulations, Secretarial Standard SS-2, and MCA Circulars including General Circular No. 03/2025 dated September 22, 2025

Category-wise Breakdown:

Promoter & Promoter Group: 24,430,000 shares held; 24,130,000 votes polled (98.7720%); 100% in favor
Public Institutions: 5,075,929 shares held; 3,648,798 votes polled (71.8843%); 100% in favor
Public Non-Institutions: 14,542,277 shares held; 1,962,991 votes polled (13.4985%); 99.9980% in favor (1,962,952 votes), 0.0020% against (39 votes)

Category-wise Breakdown:

Promoter & Promoter Group: 24,430,000 shares held; 24,130,000 votes polled (98.7720%); 100% in favor
Public Institutions: 5,075,929 shares held; 3,648,798 votes polled (71.8843%); 100% in favor
Public Non-Institutions: 14,542,277 shares held; 1,962,991 votes polled (13.4985%); 99.9944% in favor (1,962,881 votes), 0.0056% against (110 votes)

Mr. Jatin Gupta was appointed scrutinizer to scrutinize the remote e-voting process. His key findings:

The remote e-voting facility was provided by CDSL and remained open for 30 days
Votes were unblocked in the presence of two witnesses: Mr. Nitin Dawar and Mr. Sumit Kumar
The scrutinizer verified the e-voting process based on data downloaded from CDSL's system
For Resolution 1: 140 shareholders cast 29,741,789 votes (133 in favor, 7 against)
For Resolution 2: 140 shareholders cast 29,741,789 votes (129 in favor, 11 against)
The scrutinizer affirmed receiving certain mails voting in favor after the corrigendum was sent
All relevant voting records will remain in the scrutinizer's custody until handed over to the Company Secretary

The voting process was conducted in compliance with:

Section 108 and 110 of the Companies Act, 2013
Rule 20 and 22 of the Companies (Management and Administration) Rules, 2014
Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Secretarial Standard SS-2 on General Meetings
MCA Circulars including General Circular No. 14/2020, 17/2020, and 03/2025

The results and scrutinizer's report are available on the company's website: www.apollopipes.com
Scrutinizer's UDIN: F005651H001690763
Peer Review No.: 6856/2025 dated June 18, 2025
No invalid votes were reported across any shareholder category for either resolution