Board Meeting1 Aug 2026, 03:01 pm
APL Apollo Tubes Declares Q1 FY27 Unaudited Financial Results
AI Summary
APL Apollo Tubes Ltd announced its unaudited financial results for the quarter ended June 30, 2026. The Board of Directors also approved the company's participation in the incorporation of a Group Shared Services Company (SSC), with an investment of up to ₹1 Crore for a 20% equity stake. The SSC is expected to qualify as an Associate Company. Additionally, the Board noted the rationalisation of manufacturing operations by its material subsidiary, Apollo Metalex Limited, involving the disposal of a unit's land and building.
Key Highlights
- Unaudited financial results for Q1 FY27 declared.
- Board approved investment in a new Group Shared Services Company.
- Investment in SSC is up to ₹1 Crore for a 20% stake.
- Subsidiary Apollo Metalex to rationalise manufacturing operations.
- Disposal of land and building of A-25 Unit by subsidiary approved.
Price Impact
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