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Apollo Pipes has shared a CARE Ratings report on the utilization of Rs. 259.60 Cr raised via a preferential issue of convertible warrants. The funds were allocated to strategic investment in Kisan Mouldings (Rs. 81 Cr), capital expenditure (Rs. 39.35 Cr), working capital (Rs. 139.12 Cr), and issue expenses (Rs. 0.13 Cr). Rs. 254.77 Cr has been utilized so far, with the remaining Rs. 4.83 Cr kept in fixed deposits and monitoring accounts. Deployment is on track with no delays or deviations, supporting the company’s growth and operational efficiency.