Apollo Pipes Limited has approved a Scheme of Arrangement to amalgamate Kisan Mouldings Limited and KML Tradelinks Private Limited with itself, aiming to consolidate operations and enhance operational efficiencies. The appointed date for the scheme is April 1, 2026. The amalgamation will occur in two steps: first, the merger of wholly owned subsidiary KML Tradelinks into Kisan Mouldings, followed by the merger of Kisan Mouldings into Apollo Pipes. The scheme is subject to approvals from shareholders, creditors, stock exchanges, SEBI, and the National Company Law Tribunal.

The Board of Directors approved the scheme based on recommendations from the Independent Directors and the Audit Committee. M/s. Corporate Professionals Capital Private Limited provided a fairness opinion on the share exchange ratio recommended by the Registered Valuer, M/s. Axiology Valuetech Private Limited. The transaction is classified as a related party transaction but is considered to be at arm's length, based on valuations by independent registered valuers and the fairness opinion from an independent merchant banker.

The share exchange ratio for the amalgamation of Kisan Mouldings with Apollo Pipes is 4.96 equity shares of face value ₹10 each for every 100 equity shares of face value ₹10 each held in Kisan Mouldings. No consideration will be paid for the amalgamation of KML Tradelinks as it is a wholly owned subsidiary of Kisan Mouldings. The rationale for the merger includes realizing economies of scale, rationalizing operations, improving cash flow management, and reducing administrative and compliance burdens.

Financials of Entities Involved

The following table presents the paid-up share capital, turnover, and net worth for the companies involved in the scheme for the year ended March 31, 2026:

(Amount in ₹ Crore)

Shareholding Pattern

The amalgamation will alter the shareholding pattern of Apollo Pipes. Pre-arrangement, promoters held 51.72% of the equity shares, while the public held 47.99%. Post-arrangement, the promoter holding is expected to decrease to 49.20%, and public holding is expected to increase to 50.52%. The total number of equity shares for Apollo Pipes will rise from 4,40,48,206 to 4,63,03,174 upon completion of the scheme.

apollo pipes has announced the resignation of its Chief Operating Officer (COO), Mr. Parag Dadeech. The resignation, effective May 20, 2026, was communicated to the stock exchanges pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015.

Mr. Dadeech tendered his resignation via email dated May 20, 2026. In his communication, he stated that he was resigning due to personal health reasons and was unable to continue in his role. He requested that his last working day be May 20, 2026. Consequently, he will be relieved from his duties with effect from the close of business hours on that date.

Details of Resignation

The company disclosed the specific details regarding the cessation of the senior management personnel's role in an annexure submitted to the exchanges. The key particulars are outlined below:

The information regarding this development has also been uploaded on the company’s official website. Apollo Pipes confirmed that the necessary disclosures were made in compliance with the SEBI Master Circular dated January 30, 2026.