Apollo Pipes Limited has informed the Exchange about the voting results in respect of the business conducted at the Annual General Meeting held on September 26, 2025 with a copy Srutinizers report.
APOLLOPIPE · price
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Apollo Pipes held its 39th AGM on September 26, 2025 via video conferencing, where shareholders voted on 8 resolutions, all of which were passed. Key approvals include adoption of audited financial statements for FY ending March 31, 2025, declaration of a final dividend of Rs. 0.70 per equity share (7%), appointment of a new statutory auditor (M/s. AKGVG & Associates), and re-appointment of Mr. Arun Agarwal as Joint Managing Director (special resolution). Shareholders also approved material related party transactions with subsidiary Kisan Mouldings Limited, with about 94.7% voting in favour. Total votes polled on most resolutions stood at around 70% of outstanding shares (3.08 crore out of 4.4 crore shares), with overwhelming majority support across all items. Promoters, holding about 2.06 crore shares (47% stake), voted in favour of all resolutions except the related party transaction, where they abstained due to being an interested party.
Shareholders should expect to receive the Rs. 0.70 per share final dividend for FY25. The smooth passage of all resolutions, including the re-appointment of the Joint Managing Director and approval of related party transactions with the subsidiary, signals stable governance with no major shareholder dissent on key matters.