Apollo Pipes Limited — Board Meeting, 27-01-2025: Outcome of Board Meeting

The Board of Directors of Apollo Pipes Limited has approved the unaudited financial results for the quarter and half-year. Key highlights include consolidated revenue from operations at ₹308.20 Cr for the quarter, a net profit of ₹6.39 Cr, and total comprehensive income of ₹6.40 Cr. The board also approved the reappointment of Mr. Sameer Gupta as Chairman and Managing Director for five years starting April 1, 2025, and Mr. Abhilash Lal as an Independent Director for a similar term from March 22, 2025. Additionally, the company will issue up to 20,00,000 fully convertible warrants at ₹550 each, aggregating ₹110 Cr, to non-promoter entities, subject to shareholder approval.