Apollo Pipes Limited — Important, 12-02-2025: General Updates

Apollo Pipes Limited has acquired an additional 0.50% stake in its subsidiary, Kisan Mouldings Limited (KML), increasing its holding from 54.07% to 54.57%. The acquisition, made through a secondary purchase, cost approximately ₹2.63 crore. KML, a leading manufacturer in the PVC pipes and fittings sector, reported a turnover of ₹268.01 crore for the fiscal year ending March 31, 2024. This strategic investment underscores Apollo Pipes' commitment to strengthening its control over KML and enhancing its market position in the manufacturing sector, which is crucial for future growth. Investors should view this as a positive move that bolsters the company's operational strength and competitiveness in the PVC market.