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

APL Apollo Tubes: FY26 Final Dividend of ₹8.50 Recommended

AI Summary

APL Apollo Tubes Ltd's board approved audited financial results for the quarter and year ended March 31, 2026, recommending a final dividend of ₹8.50 per equity share (425%). The board also approved the re-appointment of four Non-Executive Independent Directors and the appointment of M/s Sanjay Gupta & Associates as Cost Auditors for FY2026-27. Additionally, 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 (425%) recommended for FY26.
  • Re-appointment of four Non-Executive Independent Directors approved.
  • M/s Sanjay Gupta & Associates appointed as Cost Auditors for FY27.
  • Voluntary liquidation of APL Apollo Mart Limited considered.
  • In-principle approval for divestment of Blue Ocean Projects Private Limited.