APOLLOPIPE

- Apollo Pipes Limited announced the voting results and scrutinizer's report for the Postal Ballot conducted on September 30, 2026. - Resolution 1: Ordinary Resolution passed to increase the Authorized Share Capital and alter the Capital Clause of the Memorandum of Association with 99.9999% votes in favour. - Resolution 2: Special Resolution passed for the preferential issue of fully convertible warrants to non-promoter category persons with 99.9996% votes in favour.

- Trading window for dealing in equity shares to remain closed from October 1, 2026. - Window will re-open 48 hours after the declaration of financial results for the quarter and half-year ended September 30, 2026.

- Apollo Pipes, through its subsidiary, acquired a 76% controlling interest in Mazzini Tiles LLP for ₹40.42 Cr. - This strategic move expands its presence in the tiles and ceramics business, enhancing the building materials segment. - Mazzini Tiles reported ₹87.15 Cr turnover in FY26.

- Apollo Pipes, via its subsidiary Apollo Ceramics Ltd., acquired a 76% controlling stake in Mazzini Tiles LLP for ₹40.42 Cr. This strategic acquisition expands Apollo Pipes' presence in the tiles and ceramics segment within the building materials industry, leveraging a Board-approved investment plan of up to ₹300 Cr for the business.

- Apollo Pipes Limited incorporated a Wholly Owned Subsidiary, 'Apollo Ceramics Limited', on September 17, 2026. - The subsidiary will operate in the building materials industry, focusing on manufacturing, trading, and distribution of tiles and ceramics. - It is 100% owned by Apollo Pipes Limited.

- Corrigendum issued for Postal Ballot Notice dated August 31, 2026, pertaining to a proposed preferential issue of Fully Convertible Warrants. - Proceeds of up to ₹189.10 Crores from the issue will be used to invest in new subsidiary(ies) for diversification into the tiles and ceramics business. - Post-issue (fully diluted, assuming full conversion of warrants), promoter shareholding is expected to decrease from 55.46% to 49.71%.

- CRISIL Ratings has upgraded Apollo Pipes Limited's long-term rating to 'Crisil AA-/Stable' from 'Crisil A' and short-term rating to 'Crisil A1+' from 'Crisil A1' for its Rs. 280 Crore bank facilities. The outlook for the long-term rating is 'Stable'.

- Notice of Postal Ballot dated August 31, 2026 for shareholder approval. - Proposals include increasing Authorized Share Capital from ₹50 Cr to ₹60 Cr. - Also, a preferential issue of 3.1 million warrants to non-promoters at ₹610/warrant, totaling ₹189.10 Cr. - E-voting from Sep 01 to Sep 30, 2026.

- Board approved an investment plan of up to ₹300 Cr for a new subsidiary in tiles and ceramics business. - Approved preferential issue of 31 lakh warrants at ₹610 each, totaling ₹189.10 Cr, to non-promoters. - Authorized share capital increased from ₹500 Cr to ₹600 Cr to facilitate warrant conversion.

- Approved ₹300 Cr investment for a new subsidiary to enter tiles & ceramics business. - Approved preferential issue of 31 lakh warrants at ₹610 each (₹189.10 Cr) to non-promoters. - Increased authorized share capital from ₹500 Cr to ₹600 Cr for warrant conversion.

- Mr. Sanjay Gupta appointed as Director (Non-Executive Category) and Chairman of Apollo Pipes Limited, effective August 04, 2026. - He has over 30 years of industry experience and previously served as Director and Chairman of the Company. - He is the brother of Mr. Sameer Gupta, MD.

- The 40th Annual General Meeting (AGM) of Apollo Pipes Limited was held on August 04, 2026. - All 8 resolutions proposed at the AGM were passed by the shareholders. - Key resolutions included adoption of the standalone and consolidated audited financial statements for FY26, declaration of a final dividend of Rs. 0.70/- per equity share for FY26, and re-appointment/appointment of directors.

- Q1 FY27 sales volume was flat YoY, with normalized consolidated EBITDA margins at 7% due to inventory write-downs and aggressive pricing during a soft quarter. - Management expects Q2 to be better QoQ and H2 to be quite good, projecting high double-digit volume growth for FY27 and subsequent years. - Guidance for EBITDA margin is 7%-8% for the next 12-15 months, with potential to increase by 50-100 bps as new plants stabilize. - Long-term target (by FY31) of ₹5,000 Cr revenue, with ₹800-1,000 Cr from each of four PVC pipe plants (10%+ EBITDA margin) and ₹1,000 Cr from new products. - CAPEX of ₹200 Cr for FY27-FY28 (₹100 Cr each year) to be funded from internal cash flows; a total of ₹600-700 Cr CAPEX is planned over the next five years. - Working capital days target is to reduce from 45 to 30 by next year, aiming for cash-and-carry schemes with distributors.

- Audio recording of the investor/analyst conference call held on July 31, 2026, to discuss Q1 FY27 results is available at www.apollopipes.com/conference-call-audio-recording.

- Consolidated Revenue ₹295.4 Cr (▲7% YoY) - EBITDA ₹3.0 Cr (▼85% YoY) - PAT turned to a loss of ₹8.6 Cr vs profit of ₹8.1 Cr in Q1FY26 - EBITDA Margin 1.0% vs 7.49% (▼649bps YoY)

- Consolidated Revenue ₹29,543.49 Lakh vs ₹27,500.16 Lakh (▲7.43% YoY) - EBITDA ₹304.44 Lakh vs ₹2,067.60 Lakh (▼85.29% YoY) - PAT ₹(1,111.49) Lakh vs ₹816.12 Lakh (▼ from profit to loss YoY) - EBITDA Margin 1.03% vs 7.52% (▼649bps)