Regulatory7 May 2026, 04:41 pm
Apollo Pipes: Monitoring Agency Report for March 2026
AI Summary
Apollo Pipes Ltd. has released the Monitoring Agency Report by CARE Ratings Limited for the quarter ended March 31, 2026, regarding the preferential issue of ₹110.00 crore. The report, reviewed and approved by the Audit Committee on May 07, 2026, confirms no deviation from the intended use of issue proceeds. CARE Ratings declares an objective view of the utilization of funds based on provided information, without performing an audit or independent verification. The report includes a declaration of no conflict of interest and adherence to SEBI guidelines.
Key Highlights
- CARE Ratings issued a Monitoring Agency Report for Apollo Pipes' preferential issue.
- The report covers the quarter ended March 31, 2026, for a ₹110.00 crore issue.
- No deviations were noted from the intended objects of the issue.
- The Audit Committee reviewed and approved the report on May 07, 2026.
- CARE Ratings declares no conflict of interest in monitoring the issue proceeds.
Price Impact
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