Apollo Pipes Approves Amalgamation Scheme with KML and KTPL

Apollo Pipes Limited announced that its Board of Directors has approved a Scheme of Arrangement for amalgamation involving KML Tradelinks Private Limited (Transferor Company 1), Kisan Mouldings Limited (Transferor Company 2), and Apollo Pipes Limited (Transferee Company 2). The scheme involves a two-step amalgamation: first, KTPL with KML, and second, KML with Apollo Pipes. The appointed date for the scheme is April 1, 2026. The transaction is subject to approvals from shareholders, creditors, stock exchanges, SEBI, NCLT, and other regulatory authorities. Fairness opinions on the share exchange ratio have been provided by Corporate Professionals Capital Private Limited and Axiology Valuetech Private Limited.