APL Apollo Tubes Limited has completed the dispatch of notices for its 41st Annual General Meeting (AGM), scheduled for September 15, 2026. The company confirmed the process was finalized on August 22, 2026, via email to registered members and post to others.

The Board of Directors had previously recommended a final dividend of ₹8.50 per equity share (face value ₹2) for FY26 during its May 2, 2026 meeting. This payout is subject to formal approval at the upcoming AGM. Shareholders holding equity shares on the record date of September 8, 2026, are eligible to receive the dividend, which will be credited within 30 days of the meeting after applicable tax deductions.

AGM and Voting Details

The 41st AGM will be conducted through Video Conferencing or Other Audio-Visual Means (VC/OAVM) in compliance with Ministry of Corporate Affairs (MCA) circulars and SEBI Listing Regulations. There will be no physical presence at a common venue; the deemed venue is the company’s registered office in Delhi.

Members can participate and vote electronically via Central Depository Services (India) Limited (CDSL). Remote e-voting facilities will be available prior to the AGM, while e-voting during the meeting will also be enabled. The voting rights are proportional to the equity shares held as on the cut-off date.

Regulatory Compliance and Notices

The intimation regarding the pre-dispatch notice was issued pursuant to Regulation 30 and Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Newspaper advertisements confirming the completion of the despatch were published in Financial Express (All India Edition) and Jansatta (Delhi Edition) on August 23, 2026. This follows an earlier advertisement published on August 19, 2026.

Smt. Jatin Gupta, Practising Company Secretary, has been appointed as the Scrutinizer to ensure a fair and transparent e-voting process. The results of the voting will be declared within two working days from the conclusion of the AGM, i.e., on or before September 17, 2026.

Shareholders who have not registered their email addresses with the company or their Depository Participants (DPs) have received letters with web-links to access the Integrated Annual Report and login details. Members holding shares in physical form are advised to update their KYC details as prescribed in Form ISR-1 to ensure seamless receipt of dividends.

APL Apollo Tubes received a further reduced Goods and Services Tax (GST) demand order from the Deputy Commissioner (Appeals), Hosur, on August 21, 2026. The appellate authority set aside nearly the entire remaining liability, leaving a residual demand of just ₹15,41,590.

This order supersedes the previous report of a ₹1.02 lakh residual liability, which was based on an earlier stage of the appeal process. The new disclosure reveals that the total original demand across FY18-19 to FY21-22 was ₹51,44,54,266. Following various appeals and High Court remands, the final outstanding amount has been drastically reduced.

Revised Demand Breakdown

The appellate order substantially reduced the components of tax, penalty, and interest across multiple financial years. The details of the final revision are as follows:

Note: The table above aggregates the total figures across FY18-19 to FY21-22 as per the final appellate order dated August 21, 2026.

What the Numbers Show

The reduction highlights that the vast majority of the disputed amount was contested successfully. Of the total original demand of ₹51,44,54,266, ₹50,29,38,248 was set aside, representing over 97% of the initial liability. The remaining balance of ₹15,41,590 is negligible relative to the company’s scale of operations.

The appeal process involved multiple stages. Initially, the High Court set aside ₹50,96,18,740, leaving a remanded demand of ₹1,01,11,740. The subsequent appellate order on August 21, 2026, set aside an additional ₹85,70,150 from that remanded amount, resulting in the final residual liability.

Company Statement

APL Apollo Tubes stated that the revised order has no material impact on its financials, operations, or other activities. The company noted it is examining the order and will take appropriate future action regarding the residual amount.