Apollo Pipes Limited announced the outcome of its Board Meeting held on Thursday, May 07, 2026. The Board approved the Audited Standalone & Consolidated Financial Results for the quarter and financial year ended March 31, 2026. They also recommended a final dividend of ₹0.70 per equity share (7% on face value) for the financial year ended March 31, 2026, to be paid within 30 days of declaration, subject to shareholder approval. In significant management changes, the Board approved the appointment of Mr. Sanjay Gupta as Additional Director (Non-Executive and Non-Independent) and Chairman of the Board, effective May 08, 2026. Concurrently, Mr. Sameer Gupta will step down as Chairman but will continue as Managing Director. The Board also took note of the resignation of Mr. Ashok Gupta, Non-Executive Non-Independent Director, effective May 08, 2026. Furthermore, the company approved the introduction of the “Apollo Pipes Limited Stock Appreciation Rights Scheme – 2026” (“SAR Scheme 2026”), subject to shareholder approval, which will be extended to employees of subsidiary and associate companies. The financial results indicated a profit before tax of ₹142.60 lakh for the quarter ended March 31, 2026, and ₹960.38 lakh for the year ended March 31, 2026, on a consolidated basis. The standalone results showed a profit before tax of ₹479.01 lakh for the quarter and ₹1,712.61 lakh for the year.
