APL Apollo Tubes Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 15, 2025
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APL Apollo Tubes has filed the notice for its 40th Annual General Meeting (AGM) scheduled for September 15, 2025, at 11:00 AM via video conferencing. The AGM will consider adopting the FY25 audited financial results, declaring a final dividend of ₹5.75 per share (287.5% of face value), and re-appointing two retiring directors (Vinay Gupta and Deepak Kumar). Shareholders will also vote on appointing Walker Chandiok & Co LLP as statutory auditors for 5 years (₹1.04 Cr p.a.), appointing three new directors including a Whole-time Director & COO (Chakram Kumar Singh) and two Independent Directors, and approving a new ESOP plan ('APL Apollo ESOP 2025') covering up to 50 lakh stock options to be implemented through a trust route. The company also seeks approval to lend up to 5% of paid-up capital and free reserves to the employee welfare trust to fund the ESOP.
The final dividend of ₹5.75 per share is a key positive for shareholders, while the new ESOP plan involving up to 50 lakh shares may create mild dilution overhang. Multiple board changes and a new auditor appointment reflect governance housekeeping; none of the items appear immediately price-moving beyond the dividend confirmation.