StockWatch
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Iron & Steel Products
Board Meeting2 May 2026, 03:51 pm

APL Apollo: ₹8.50 Dividend, Director Re-appointments

AI Summary

APL Apollo Tubes Ltd's board approved audited financial results for the year ended March 31, 2026, and recommended a final dividend of ₹8.50 per equity share. The board also approved the re-appointment of Mrs. Asha Anil Agarwal, Shri Upendra Kamath H S, Shri Rajeev Anand, and Shri Dinesh Kumar Mittal as Non-Executive Independent Directors. Additionally, M/s Sanjay Gupta & Associates were appointed as Cost Auditors for FY 2026-27. The board considered the voluntary liquidation of APL Apollo Mart Limited and granted in-principle approval for the divestment of its shareholding in Blue Ocean Projects Private Limited.

Key Highlights

  • Final dividend of ₹8.50 per share recommended for FY26.
  • Re-appointment of four Non-Executive Independent Directors approved.
  • Sanjay Gupta & Associates appointed as Cost Auditors for FY27.
  • Voluntary liquidation of APL Apollo Mart Limited considered.
  • In-principle approval granted for divestment of Blue Ocean Projects Private Limited.