Apollo pipes Limited has strengthened its position in the PVC pipes and fittings segment by acquiring an additional 3.34% equity stake in its subsidiary Kisan Mouldings Limited (KML) for approximately Rs. 9.8 crores. The transaction, completed through a secondary purchase, increases the company's shareholding in KML from 58.60% to 61.94%.

Transaction Details

The acquisition was structured as a strategic investment by Apollo Pipes Limited in its existing subsidiary. The transaction details are summarized below:

About Kisan Mouldings Limited

Kisan Mouldings Limited, incorporated on November 20, 1989, operates in the same industry vertical as its parent company. The subsidiary is primarily engaged in manufacturing PVC pipes, fittings, UV resistant multi-layer water tanks and allied products. KML serves as one of the largest manufacturers of multiple applications of pipes for water supply, sanitation, sewerage, construction, cable ducting, drinking water, tube wells, submersible pumps and other polymer products.

Financial Performance

KML maintains a substantial operational scale with a paid-up equity share capital of Rs. 1,19,46,30,650. The company's revenue performance over the last three years demonstrates stability:

Strategic Rationale

The acquisition represents a strategic investment by Apollo Pipes Limited as the holding company of the target entity. The transaction aligns with the company's focus on strengthening its presence in the PVC pipes and fittings industry. Notably, the acquisition does not fall within the definition of related party transactions, and no promoter, promoter group, or group companies have any interest in this equity stake acquisition.

Regulatory Compliance

Apollo Pipes Limited has fulfilled its disclosure obligations under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has informed both the National Stock Exchange of India Limited and BSE Limited about this strategic investment, ensuring complete transparency with stakeholders.

Apollo pipes Limited has submitted a formal clarification to the National Stock Exchange of India Limited and BSE Limited regarding recent price movement in its shares. The response, dated February 10, 2026, addresses surveillance queries from both exchanges concerning the company's stock performance.

Exchange Communication Details

The company received communications from both major exchanges on the same date:

Regulatory Compliance Statement

In its response to the exchanges, Apollo Pipes Limited emphasized its commitment to regulatory compliance. The company stated that all requisite information and announcements required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 have been properly disclosed to the exchanges.

The company confirmed that it has consistently provided timely disclosures and will continue to do so as and when required. Management indicated there was nothing additional to disclose regarding the price movement beyond what has already been communicated through proper channels.

Company Leadership

The clarification was signed by Gourab Kumar Nayak, Company Secretary and Compliance Officer, who digitally signed the document on February 10, 2026. The response demonstrates the company's proactive approach to addressing exchange queries and maintaining transparency with regulatory authorities.

Corporate Structure

Apollo Pipes Limited operates from multiple locations across India, with its registered office in Delhi and corporate office in Noida. The company maintains manufacturing units in Dadri, Sikandrabad, Ahmedabad, Tumkur, and Raipur, reflecting its pan-India presence in the pipes and fittings sector.