Apollo Pipes Limited — Others, 27-01-2025: Change in Company Secretary/Compliance Officer

Apollo Pipes has announced a board meeting on January 27, 2025, where the Board approved the unaudited financial results for the quarter and half-year ended December 31, 2024. The consolidated revenue from operations for the quarter is ₹30,792.65 lakh, showing a quarter-on-quarter increase.

The Board also re-appointed Sameer Gupta as Chairman and Managing Director for another five years, reinforcing stable leadership. Additionally, the company will issue up to 20,00,000 Fully Convertible Warrants at ₹550 per warrant, potentially generating ₹110 crore, aimed at enhancing liquidity and supporting growth initiatives. This strategic move may positively influence investor sentiment through strengthened financial positioning.