StockWatch
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Iron & Steel Products
Dividend2 May 2026, 04:00 pm

APL Apollo Recommends ₹8.50 Final Dividend

AI Summary

The Board of Directors of APL Apollo Tubes Ltd recommended a final dividend of ₹8.50 per equity share (425%) for FY26. The board also approved the reappointment 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 FY27. 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

  • APL Apollo recommends a final dividend of ₹8.50 per share 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.