Apollo Pipes board approves merger scheme with Kisan Mouldings

Nclt Scheme FiledStrategic Transactions View source PDF

APOLLOPIPE · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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AI summary

Apollo Pipes board approved a two-step amalgamation scheme. First, KML Tradelinks (wholly owned unit of Kisan Mouldings) will merge into Kisan Mouldings. Then Kisan Mouldings will merge into Apollo Pipes. Share exchange ratio is 4.96 APL shares for every 100 KML shares. Appointed date is April 1, 2026. APL total shares will rise from 4.40 crore to 4.63 crore; promoter holding drops from 51.72 to 49.20 percent. Needs NCLT, SEBI and exchange approvals.

Likely market impact

Merger expands product range and scale; promoter stake dilutes by about 2.5 percent; subject to NCLT and other approvals.