Apollo Pipes has announced the appointment of Parag Dadeech as Chief Operating Officer, effective March 2, 2026. The appointment represents a strategic addition to the company's leadership team, bringing extensive industry expertise and advanced qualifications to the organization.

Leadership Appointment Details

The new COO brings substantial experience to his role, with 28 years of global manufacturing experience across various markets and operational environments. His professional journey encompasses key domains including Business Excellence, World Class Manufacturing, Operations Management, Global Supply Chain, Capital Projects, and International Business.

Professional Qualifications

Dadeech holds impressive academic and professional credentials that strengthen his appointment. He possesses a Master's degree in Chemical Engineering from the University of Tennessee (USA), demonstrating his technical expertise in engineering processes. Additionally, he has completed an Advanced Program on Supply Chain Management from IIM Kolkata, enhancing his strategic management capabilities.

Strategic Implications

The appointment of an experienced manufacturing professional as COO indicates Apollo Pipes' commitment to strengthening its operational leadership. Dadeech's global manufacturing experience spans nearly three decades, providing the company with seasoned expertise in operational management and manufacturing processes. His certification as a Lean Six Sigma Master Black Belt further demonstrates his commitment to operational excellence and continuous improvement methodologies.

This leadership addition comes as part of the company's ongoing efforts to enhance its management structure and operational capabilities. The appointment reflects a forward-looking approach to organizational development and strategic planning, with the Board of Directors approving the appointment based on recommendations from the Nomination and Remuneration Committee.

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.