Apollo Pipes Approves Scheme of Arrangement for Amalgamation

Apollo Pipes Limited's Board of Directors has approved a Scheme of Arrangement for the amalgamation of KML Tradelinks Private Limited and Kisan Mouldings Limited into Apollo Pipes Limited. This two-step process involves the amalgamation of KML Tradelinks into Kisan Mouldings, followed by the amalgamation of Kisan Mouldings into Apollo Pipes. The appointed date for the scheme is April 1, 2026. The scheme is subject to approvals from shareholders, creditors, stock exchanges (BSE, NSE), 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.