Apollo Pipes Ltd. Share Price

Apollo Pipes Enters Ceramic Tiles Sector

has acquired a 76% stake in Mazzini Tiles LLP for ₹40.42 crore, marking its entry into the ceramic tiles sector. The transaction has been undertaken through its subsidiary Apollo Ceramics Limited, expanding the company’s presence beyond its core piping business. The acquisition gives Apollo Pipes exposure to the growing ceramics and building materials segment, while strengthening its portfolio of construction-related products. The move also aligns with the company’s broader expansion strategy and could provide an additional platform for growth in the building materials market. Apollo Pipes Ltd has acquired a 76% stake in Mazzini Tiles LLP for ₹40.42 crore, marking its entry into the ceramic tiles sector. The transaction has been undertaken through its subsidiary Apollo Ceramics Limited, expanding the company’s presence beyond its core piping business. The acquisition gives Apollo Pipes exposure to the growing ceramics and building materials segment, while strengthening its portfolio of construction-related products. The move also aligns with the company’s broader expansion strategy and could provide an additional platform for growth in the building materials market.

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Apollo Pipes’ Entry into the Ceramic Tiles Segment

Executive Summary Apollo Pipes Ltd., via its newly incorporated subsidiary Apollo Ceramics Ltd., has successfully acquired a 76% controlling stake and profit-sharing rights in Mazzini Tiles LLP for a cash consideration of ₹40.42 crore. This completed transaction marks Apollo’s strategic entry into the tiles and ceramics industry, significantly strengthening its footprint within the broader building materials ecosystem. Strategic Rationale & Value Creation The acquisition immediately equips Apollo Pipes with a fully operational manufacturing base in Morbi, Gujarat, an established product portfolio, and ready market access. By leveraging Mazzini’s strong positioning in Polished Glazed Vitrified Tiles (PGVT) and its existing domestic and international distribution networks, Apollo is positioned to scale operations with optimal speed and capital efficiency. Target Profile & Financial Highlights Incorporated in 2017, Mazzini Tiles brings an installed annual manufacturing capacity of 7.2 million square meters. The entity demonstrates a resilient financial trajectory, reporting a turnover of ₹87.15 crore in FY2026, marking robust growth from ₹76.67 crore in FY2025 and ₹78.23 crore in FY2024. Forward-Looking Growth Strategy This transaction is the foundational step in Apollo Pipes’ Board-approved ₹300-crore investment envelope dedicated to the ceramics and tiles segment. Management is committed to a disciplined, phased approach prioritizing sustainable returns and strict working-capital control. Key growth drivers include: Operational Scale: Improving capacity utilization and expanding the domestic dealer network. Market Reaction Reflecting positive investor sentiment regarding the strategic fit and growth potential, Apollo Pipes' shares closed 2.51% higher at ₹538.65 on the BSE following the announcement. Management remains focused on executing this integration to drive long-term shareholder value.

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Apollo pipes Ltd to set up Subsidiaries

Company has informed to the exchange that Company has ; 1. Approved an investment plan of up to ₹300 crores for setting up a subsidiary(ies) of Apollo Pipes Limited, proposed to be incorporated, for entering into the tiles and ceramics business. The proposed subsidiary(ies) shall, inter alia, be engaged in the manufacturing, including contract manufacturing, trading, marketing and distribution of tiles, ceramics and allied products, including by acquiring operational and profitable manufacturing businesses. 2. Approved the issuance of upto 31,00,000 Warrants, each convertible into 1 (one) fully paid-up equity share of face value of ₹10 (Rupees Ten Only) each, at a price of ₹610/- (Rupees Six Hundred Ten Only) (including a premium of ₹600/- each) per Warrant(“Warrant Issue Price”), aggregating upto ₹189,10,00,000/- (Rupees One Hundred Eighty Nine Crore Ten Lakh Only), to identified persons belonging to ‘Non-Promoter’ Category on preferential basis (‘Preferential Issue'), for cash consideration, in accordance with the provisions of the Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBI ICDR Regulations”), applicable provisions of the Companies Act, 2013 and other laws and subject to approval of shareholders of the Company and other requisite statutory and regulatory approvals. 3. Approved the proposal to increase the authorised share capital of the Company from ₹50,00,00,000 to ₹60,00,00,000, divided into 6,00,00,000 Equity Shares of ₹10 each, in order to provide adequate authorised share capital for allotment of Equity Shares upon conversion of the proposed Warrants, subject to approval of the Members of the Company.

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Morning Market Insights | 7 August 2026

Indian equity markets are expected to open on a steady note as the broader trend remains positive despite the recent consolidation. Nifty continues to form a pattern of higher highs and higher lows on the daily chart, indicating that the underlying bullish structure is intact. Sector rotation has also been healthy, with leadership shifting across sectors, suggesting sustained market participation. Traders may continue to adopt a "buy on dips" strategy as long as the index holds above key support levels. Technically, Nifty has immediate support at 24,350–24,420. Holding above this zone could keep the momentum intact and pave the way for a move towards 24,700–24,750, which remains the immediate resistance zone for the day. A decisive breakout above this range may extend the ongoing uptrend. Bank Nifty also remains in a strong technical setup after registering consecutive closes above the crucial 57,500 resistance level. The index is likely to witness buying interest near 57,600–57,650, while immediate resistance is placed at 58,200–58,250. A sustained move above these levels could open the doors for 58,500 and higher. Stocks in Focus Positive Triggers Premier Energies: Plans to raise ₹5,000 crore through a Qualified Institutional Placement (QIP). Allied Blenders: Board approves capacity expansion at the Moradabad facility.

: Subsidiary commissions a new manufacturing plant. Prataap Snacks, Apollo Pipes: Promoters increase stake, reflecting confidence in business prospects. Indegene: Quant Mutual Fund acquires nearly 95 lakh shares. Negative Triggers : US FDA classifies its Daman facility as Official Action Indicated (OAI) following seven observations. : US FDA issues a warning letter for its Silvassa manufacturing facility.

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Apollo Pipes – Growth Story

– Growth Story Apollo Pipes is aggressively expanding its **brownfield and greenfield manufacturing capacity** with a target of driving **25%+ revenue growth**. The company is also focusing on **pan-India geographic expansion**, reducing its dependence on North India. New product categories such as **window & door profiles and CPVC**, along with the strategic **Lubrizol partnership**, could strengthen its product portfolio, brand positioning, and project wins. **Key Positive:** Capacity expansion + geographical penetration + product diversification could support the company’s next phase of growth. **Impact Score: 4/5 – Positive**

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Apollo Pipes Ltd - Approved Amanlgamation

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.

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