Apollo Pipes Limited — Important, 23-04-2025: General Updates

The Finance Committee of Apollo Pipes Limited has approved the allotment of 200,000 Fully Convertible Warrants to KITARA PIIN 2401, a non-promoter entity. Each warrant, priced at ₹550, grants the right to subscribe to one equity share upon payment of the remaining 75% of the issue price within 18 months. This strategic move will increase the company's paid-up equity share capital to ₹46.05 crore, encompassing approximately 4.60 crore equity shares with a face value of ₹10 each. This warrants issuance could enhance the company's financial flexibility and growth potential; investors should monitor the developments closely.