Apollo Pipes announced its AGM on August 4, 2026. Key agenda items include a Rs 0.70 per share dividend, proposed related party transactions up to ₹305.24 crore with subsidiary Kisan Mouldings, and a new stock appreciation rights scheme for employees.

Apollo Pipes AGM Set for August 4, 2026

Apollo Pipes Ltd. has scheduled its 40th Annual General Meeting (AGM) for August 4, 2026. The meeting will address several key proposals including a final dividend payout, potential changes in board composition, significant related party transactions, and the introduction of a new stock incentive plan.

Dividend: A final dividend of Rs 0.70 per equity share (7%) has been proposed for the financial year ending March 31, 2026.

Related Party Transactions: The company seeks shareholder approval for material related party transactions with its subsidiary, Kisan Mouldings Limited. The maximum aggregate value for these transactions is capped at ₹305.24 crore for the year following the AGM.

Subsidiary Performance: For the financial year 2025-2026, Kisan Mouldings Limited reported a turnover of ₹250.07 crore and a Profit After Tax (PAT) of ₹(7.38) crore. Its net worth stood at ₹193.74 crore.

Board Changes: Mr. Sanjay Gupta has been appointed as Non-Executive Director and Chairman, effective May 8, 2026, to bolster board oversight amidst growing operational complexity.

Stock Appreciation Rights Scheme: A new 'Apollo Pipes Limited Stock Appreciation Rights Scheme – 2026' has been proposed. This scheme allows for the grant of up to 25,00,000 SAR units to employees and directors, aiming to align their interests with the company's long-term value creation.

Auditor Remuneration: The board is also seeking ratification for the remuneration of Cost Auditors, M/s. HMVN & Associates, set at ₹1,00,000 for the fiscal year 2026-27.

Reader Takeaway: Investors gain dividend income and clarity on inter-company dealings, balanced by subsidiary's profitability concerns.