Apollo Pipes Limited — QIP/Rights/Pref., 06-11-2024: Allotment of Securities

Apollo Pipes Limited's Finance Committee approved the allotment of 2,695,000 equity shares at ₹550 each, following the conversion of fully convertible warrants issued previously. Key allotments include 1,500,000 shares to promoter Meenakshi Gupta and 1,195,000 shares to several non-promoters. Post-allotment, the company's paid-up equity capital increases to ₹440,482,060, totaling 4,404,820 equity shares of ₹10 face value each. The new shares will rank equally with existing shares.