Apollo Pipes Approves ₹300 Cr Investment in Tiles Business & ₹189 Cr Warrant Issue

Apollo Pipes Limited's Board of Directors approved a significant investment plan of up to ₹300 crores to establish subsidiaries for entering the tiles and ceramics business. This expansion includes manufacturing, contract manufacturing, trading, marketing, and distribution, with the possibility of acquiring existing businesses. Additionally, the board approved the issuance of up to 31,00,000 warrants, convertible into equity shares, at ₹610 per warrant, aggregating up to ₹189.10 crores. This preferential issue is to identified non-promoter category investors. The company also proposed to increase its authorized share capital from ₹50 crores to ₹60 crores to accommodate the equity shares upon warrant conversion. The board meeting took place on August 31, 2026.