Apollo Pipes Limited — Others, 07-08-2025: Monitoring Agency Report

Apollo Pipes has updated on the utilization of funds from two preferential warrant issues. For the ₹259.60 Cr issue, all funds are fully deployed for strategic investments, capital expenditure, and working capital, with no deviations or delays reported. Regarding the ₹110.00 Cr issue, the company has received ₹27.50 Cr so far. ₹11.03 Cr of this has funded capital expenditure, with the remaining portion parked in fixed deposits. A key point for investors is that the current share price (~₹425) is below the warrant conversion price (₹550), which could impact the future inflow of the remaining ₹82.50 Cr.