Apollo Pipes Limited announced that the Finance Committee of its Board of Directors, at a meeting held on April 23, 2025, has approved the allotment of 20,00,000 Fully Convertible Warrants on a preferential basis to a person belonging to the Non-Promoter Category.

• The allottee is KITARA PIIN 2401.
• The warrants are issued for cash at an issue price of ₹550 per warrant, with a face value of ₹10 per underlying equity share.
• 25% of the issue price has been received upfront from the allottee.
• Each warrant entitles the allottee to subscribe to one equity share of ₹10 each upon payment of the balance 75% of the issue price within 18 months from the date of allotment.
• Following this allotment, the fully diluted Paid-up Equity Share Capital of the Company will be ₹46,04,82,060, divided into 4,60,48,206 Equity Shares of ₹10 each.