Apollo Pipes board approves merger scheme with Kisan Mouldings

Scheme filed with the NCLTStrategic Transactions View source PDF Explain this filing

APOLLOPIPE · price

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

Price reactionminutes from the announcement price · days from the prior close

-2.4%Reaction day

₹482.50

prior close

₹488.25

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.3%-2.1% vs market

Plastic Products - Industrial peers, median of 33sector-1.1%-1.3% vs sector

On the reaction day the stock moved 2.1 pts less than Nifty Microcap 250 and 1.3 pts less than its Plastic Products - Industrial peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.9

10m

-0.9

15m

-1.2

30m

-1.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.4-0.3-2.1-1.1-1.3

Next day

+1.0+0.8+0.2+0.2+0.8

+0.3+0.9-0.6-0.1+0.4

+0.1+1.8-1.7-0.0+0.1

-0.4+1.5-1.8-0.4-0.0

-2.3+1.7-3.9-1.2-1.1

-2.8-1.1-1.7-2.4-0.4

15d

+2.5+1.0+1.5-0.3+2.8

+4.0+0.4+3.6-1.3+5.3

+29.9+6.4+23.6-1.7+31.6

+6.0+5.5+0.5-0.4+6.4

UpDownMarket · Nifty Microcap 250Sector · Plastic Products - Industrial peers, median of 33Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

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.