
Management Change7 May 2026, 03:36 pm
Apollo Pipes Appoints Sanjay Gupta as Chairman
AI Summary
Apollo Pipes Ltd announced the appointment of Mr. Sanjay Gupta as Chairman and Non-Executive Director, effective May 08, 2026. This follows Mr. Sameer Gupta stepping down from the Chairman position but continuing as Managing Director. The board also approved the audited financial results for the year ended March 31, 2026, recommended a final dividend of ₹0.70 per share, and noted the resignation of Mr. Ashok Gupta as Non-Executive Non-Independent Director. Additionally, the company approved the introduction of the 'Apollo Pipes Limited Stock Appreciation Rights Scheme– 2026'.
Key Highlights
- Sanjay Gupta appointed as Chairman, effective May 08, 2026.
- Sameer Gupta steps down as Chairman, remains Managing Director.
- Final dividend of ₹0.70 per share recommended for FY26.
- Ashok Gupta resigns as Non-Executive Non-Independent Director.
- Stock Appreciation Rights Scheme– 2026 approved.