Apollo Pipes Limited's Board of Directors, at its meeting held on May 7, 2026, approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026, pursuant to Regulation 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board also recommended a final dividend and announced significant changes to its leadership structure.

Financial Performance Overview

On a standalone basis, Apollo Pipes reported a net profit of ₹1,218.52 lakh for FY26, a sharp decline compared to ₹3,081.92 lakh in FY25. Revenue from operations also contracted to ₹88,744.46 lakh from ₹92,568.77 lakh in the prior year. The following table summarises the key standalone financial metrics:

On the standalone balance sheet, total assets grew to ₹1,13,235.48 lakh as at March 31, 2026, from ₹1,04,933.65 lakh a year earlier. Total equity stood at ₹84,477.17 lakh, up from ₹80,501.48 lakh. Standalone cash and cash equivalents closed at ₹8,026.73 lakh, compared to ₹12,315.84 lakh in the prior year. Net cash flow from operating activities on a standalone basis was ₹3,796.74 lakh for FY26, versus ₹7,005.61 lakh in FY25.

Consolidated Financial Results

At the consolidated level, which includes subsidiary Kisan Moulding Limited and its step-down subsidiary KML Tradelinks Private Limited, the group reported a net profit of ₹466.28 lakh for FY26, compared to ₹3,408.66 lakh in FY25. Consolidated revenue from operations stood at ₹1,10,491.55 lakh versus ₹1,18,163.54 lakh in the previous year.

Profit attributable to owners of the parent stood at ₹748.61 lakh for FY26, compared to ₹3,264.82 lakh in FY25. The consolidated total assets grew to ₹1,28,607.39 lakh as at March 31, 2026, from ₹1,22,929.24 lakh a year earlier. Total equity on a consolidated basis was ₹89,300.73 lakh, up from ₹88,003.18 lakh. Consolidated cash and cash equivalents stood at ₹8,219.65 lakh, compared to ₹13,111.64 lakh in the prior year. Net cash flow from consolidated operating activities was ₹3,518.89 lakh for FY26, versus ₹2,866.55 lakh in FY25. During the year, Apollo Pipes acquired an additional 4.35% stake in Kisan Mouldings Limited for a total sum of ₹14.76 crore, increasing its holding from 57.59% to 61.94%.

Dividend Declaration

The board recommended a final dividend of ₹0.70 per equity share of face value ₹10 each (7% on face value) for the financial year ended March 31, 2026. The dividend is subject to shareholder approval at the upcoming Annual General Meeting and will be paid or dispatched within 30 days of declaration.

Board-Level Changes

The board approved several significant leadership changes, effective May 8, 2026. Sanjay Gupta (DIN: 00233188), who has over 30 years of experience in the steel industry and has previously served the company in various capacities including as Director and Chairman, was appointed as Additional Director (Non-Executive and Non-Independent) and Chairman of the Board. He will hold office until the date of the ensuing Annual General Meeting. Sanjay Gupta is the brother of Sameer Gupta, Managing Director of the company. Consequent to this appointment, Sameer Gupta stepped down as Chairman but continues in his role as Managing Director.

The board also took note of the resignation of Ashok Kumar Gupta (DIN: 01722395) as Non-Executive Non-Independent Director, effective May 8, 2026, citing pre-occupation with other professional commitments. Upon cessation, he also ceased to be a member of the Nomination & Remuneration Committee, Corporate Social Responsibility Committee, and Finance Committee.

SAR Scheme 2026 and Other Approvals

The board approved the introduction of the "Apollo Pipes Limited Stock Appreciation Rights Scheme–2026" (SAR Scheme 2026), an equity-based employee benefit scheme for eligible employees and directors (excluding independent directors), including employees of subsidiary and associate companies, subject to shareholder approval. The scheme covers a total pool of 25,00,000 SAR units, convertible into a maximum of 25,00,000 equity shares, subject to adjustments as per applicable regulations, and is in compliance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

The statutory auditors, AKGVG & Associates (ICAI Firm Registration Number: 018598N), issued an unmodified opinion on both the standalone and consolidated financial results for the year ended March 31, 2026. The results were reviewed by the Audit Committee and approved by the Board at their respective meetings held on May 7, 2026.

Apollo Pipes Limited has officially commenced commercial production at its new manufacturing plant in Mirzapur, Uttar Pradesh, marking a significant milestone in the company's expansion strategy. The facility, located near Varanasi, began operations on April 14, 2026.

Regulatory Disclosure and Timeline

The company announced this development through a regulatory filing under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure also referenced SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Manufacturing Network Expansion

The Mirzapur facility adds to Apollo Pipes Limited's existing manufacturing infrastructure spread across multiple states. The company currently operates manufacturing units in:

• Dadri, Uttar Pradesh
• Sikandrabad, Uttar Pradesh
• Ahmedabad, Gujarat
• Tumkur, Karnataka
• Raipur, Chhattisgarh

Corporate Structure and Communication

The announcement was signed by Gourab Kumar Nayak, Company Secretary and Compliance Officer, who digitally authenticated the document on April 14, 2026. The company maintains its registered office at Hargobind Enclave, Vikas Marg, Delhi, while its corporate office is located in Sector 136, Noida, Uttar Pradesh.

Apollo Pipes Limited has been providing regular updates to stakeholders regarding this facility through multiple intimations over the past two years, demonstrating transparent communication practices with investors and regulatory authorities.