Apollo Pipes Limited — Others, 25-10-2024: Statement of deviation(s) or variation(s) under Reg. 32

Apollo Pipes Limited reported on the monitoring of proceeds from its preferential issue of convertible warrants totaling Rs. 259.60 crore for the quarter ended September 30, 2024. The report showed no major deviations from the intended use of funds. A revision in the allocation was approved by shareholders, reallocating funds primarily for working capital and strategic investments. The company has utilized Rs. 147.49 crore so far, leaving a balance of Rs. 111.17 crore unutilized.