StockWatch
·
Plastic Products - Industrial
Board Meeting7 May 2026, 03:15 pm

Apollo Pipes: Board approves FY26 results, ₹0.70 dividend

AI Summary

Apollo Pipes Ltd's board approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. A final dividend of ₹0.70 per equity share (7% on face value) was recommended. Sanjay Gupta was appointed as Additional Director (Non-Executive and Non-Independent) and Chairman, effective May 8, 2026, while Ashok Gupta resigned as Non-Executive Non-Independent Director from the same date. The board also approved the introduction of the “Apollo Pipes Limited Stock Appreciation Rights Scheme– 2026”.

Key Highlights

  • Approved audited financial results for FY26.
  • Recommended a final dividend of ₹0.70 per share.
  • Sanjay Gupta appointed as Chairman, effective May 8, 2026.
  • Ashok Gupta resigned as Non-Executive Non-Independent Director.
  • Approved 'Apollo Pipes Limited Stock Appreciation Rights Scheme– 2026'.