Apollo Pipes Ltd - Approved Amanlgamation

$APOLLOPIPE the Company Mnagement has considered the recommendation of Independent Directors and Audit Committee and approved the Scheme of Arrangement for amalgamation amongst KML Tradelinks Private Limited (“Transferor Company 1”), Kisan Mouldings Limited (“Transferee Company 1” or “Transferor Company 2” or “KML”) and Apollo Pipes Limited (“Transferee Company 2” or “the Company”) and their respective shareholders and creditors (“Scheme”/ “Scheme of Arrangement”), under the provisions of section 230 - 232 and other applicable provisions of the Companies Act, 2013 read with the Rules made thereunder. Business Model of Companies KTPL KTPL is primarily incorporated with the objective to carry on the business of trading, marketing, import, export, distribution and dealing in wide range of products such as tyres, plastic and plastic products, pharmaceutical products, chemicals, metals, textiles, industrial goods, machinery, sheets, tubes, pipes and other allied products and materials. KML KML is engaged in the business of manufacturing, moulding, processing, and trading of all types of plastics, polymers, and allied products. The Company deals in a wide range of PVC products including agricultural pipes and fittings, tubes, vessels and bathroom fittings, and related accessories. KML has been successfully manufacturing and marketing its products under the brand names ’KISAN’ & ’KML CLASSIC’ catering to commercial, industrial, construction, and household applications. APL (aAollo Pipes Ltd) is engaged in the business of manufacturing, processing, trading, and dealing in a wide range of products like pipes & fittings, or bathroom fittings, water storage or premium door & windows solutions and plastic products including PVC, HDPE and LDPE pipes, tubes, fittings, sheets, and allied plastic and polymer-based products and accessories.