APL Apollo Tubes Limited has informed the Exchange regarding allotment of 22379 equity shares pursuant to exercise of Stock Appreciation Rights at Share Allotment Committee meeting held on March 28, 2026

APL Apollo Tubes has allotted 22,379 equity shares of face value ₹2 each to eligible employees who exercised their rights under the company's Stock Appreciation Rights Scheme 2019. The allotment was approved by the Share Allotment Committee on March 28, 2026, at an exercise price of ₹2 per share with no premium. Following this allotment, the company's paid-up equity share capital has risen from ₹55,52,72,052 to ₹55,53,16,810, with total issued shares increasing to 27,76,58,405. The newly issued shares will rank equally with existing equity shares and there is no lock-in period. The exercise price being at face value suggests this is a routine employee benefit allotment with minimal dilution.