Apollo Pipes Ltd

Apollo Pipes Ltd has announced the closure of its trading window for dealing in equity shares. This closure is effective from October 1, 2026, and will remain in effect for 48 hours after the declaration of the financial results for the quarter and half-year ended September 30, 2026. The decision aligns with the company's 'Code of Internal Procedures and Conduct for Regulating, Monitoring and Reporting of Trading by Insiders' and SEBI (Prohibition of Insider Trading) Regulations, 2015, aimed at preventing insider trading and ensuring fair market practices.

Apollo Pipes Ltd, through its subsidiary Apollo Ceramics Limited, has acquired a 76% stake and profit sharing rights in Mazzini Tiles LLP for ₹40.42 Crore. This strategic move expands Apollo Pipes' presence in the tiles and ceramics business and strengthens its position in the building materials segment. Mazzini Tiles LLP reported a turnover of ₹87.15 Crore for FY26 and operates a manufacturing facility in Morbi, Gujarat. The acquisition is part of Apollo Pipes' approved investment plan of up to ₹300 Crore for the tiles and ceramics sector. The transaction was conducted on an arm's length basis and does not involve related parties.

Apollo Pipes Ltd, through its subsidiary Apollo Ceramics Limited (ACL), has acquired a 76% stake and profit sharing rights in Mazzini Tiles LLP for ₹40.42 Crore. This acquisition marks Apollo Pipes' entry into the ceramic tiles sector and aligns with its strategy to expand its presence in the building materials segment. Mazzini Tiles LLP reported a turnover of ₹87.15 Crore for the financial year ended March 31, 2026. The acquisition is part of a larger approved investment plan of up to ₹300 Crore for the tiles and ceramics business. The transaction was conducted on an arm's length basis and does not involve related parties.

Apollo Pipes Limited has announced the incorporation of its wholly owned subsidiary, Apollo Ceramics Limited, on September 17, 2026. This new entity, registered in India, will focus on the manufacturing, trading, marketing, and distribution of tiles, ceramics, and allied products. The incorporation is a strategic move to expand into the building materials sector, specifically tiles and ceramics. Apollo Ceramics has an authorized capital of Rs. 100 crore and an initial paid-up share capital of Rs. 5 lakh, entirely held by Apollo Pipes Limited.

Apollo Pipes Limited's Board of Directors approved a preferential issue of up to 31,00,000 warrants convertible into equity shares at ₹610 each, aggregating up to ₹189.10 crores. The funds will be raised from non-promoter category investors. Additionally, the company approved an investment plan of up to ₹300 crores to set up subsidiary(ies) for entering the tiles and ceramics business, including potential acquisitions of operational businesses. The authorized share capital will also be increased to ₹60 crores to accommodate the equity shares upon warrant conversion. The board meeting took place on August 31, 2026.

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.

Apollo Pipes Ltd has announced that its Board of Directors will convene on August 31, 2026. The primary agenda item for this meeting is to consider and approve a proposal for raising funds. The company may utilize various instruments, including equity shares or convertible securities, through methods such as Preferential Issue, Rights Issue, or QIP, subject to necessary approvals. This strategic move indicates potential expansion or financial restructuring plans for the company.

S Gupta Holding Private Limited and Mr. Dhruv Gupta, acting as Persons Acting in Concert (PACs), have acquired 13,50,000 equity shares, representing 3.06% of the paid-up equity share capital of Apollo Pipes Limited, through open market purchases. This acquisition increases their total holding to 54.78% of the company's equity share capital. The acquisition was executed between August 4th and August 6th, 2026. The total diluted share capital after the acquisition includes convertible warrants.

Apollo Pipes Ltd announced the appointment of Mr. Sanjay Gupta as Director (Non-Executive, Non-Independent Category) and Chairman of the Company. The decision was approved by the members based on recommendations from the Nomination and Remuneration Committee and the Board of Directors. Mr. Gupta is a seasoned industrialist with over 30 years of experience in the steel and building materials industry, having previously served the company in leadership roles. He is the brother of the current Managing Director, Mr. Sameer Gupta.

Apollo Pipes Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026, as required by SEBI regulations. The report, issued by CARE Ratings Limited, covers the utilization of proceeds from a preferential issue of warrants aggregating to Rs. 110.00 crore. The company confirmed nil deviation from the objects of the issue for the specified quarter. The report also includes a declaration from the monitoring agency regarding the objective view of fund utilization and their role limitations.