Corrigendum

September 17, 2026 The National Stock Exchange of India Limited Department of Corporate Services/Listing Exchange Plaza, 5th Floor, BSE Limited Plot No. C/1, G Block, Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, Bandra (East), Dalal Street, Fort, Mumbai – 400 051 Mumbai – 400 001 N SE Symbol: APOLLOPIPE S CRIP Code: 531761 Subject: Corrigendum to the Postal Ballot Notice dated August 31, 2026 Reference: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/Madam, With reference to the captioned subject and in continuation of the Postal Ballot Notice dated August 31, 2026 issued by Apollo Pipes Limited (“the Company”) for seeking approval of the Members of the Company for the matters set out therein through remote e-voting, we wish to inform you that the Company has issued a Corrigendum to the Postal Ballot Notice. The Corrigendum has been issued to bring to the attention of the Members certain amendments to the Explanatory Statement pertaining to Item No. 2 of the Postal Ballot Notice, relating to the proposed preferential issue of Fully Convertible Warrants. A copy of the Corrigendum to the Postal Ballot Notice is enclosed herewith for your information and record. The Corrigendum shall form an integral part of and be read in conjunction with the Postal Ballot Notice dated August 31, 2026. Except as expressly modified by the Corrigendum, all other contents, terms, disclosures and particulars contained in the Postal Ballot Notice shall remain unchanged. The Corrigendum is also being sent electronically to all the Members to whom the Postal Ballot Notice was sent. The Corrigendum will also be made available on the Company’s website at www.apollopipes.com and on the websites of National Stock Exchange of India Limited at www.nseindia.com and BSE Limited at www.bseindia.com. You are requested to take the same on your record. Yours Sincerely, For Apollo Pipes Limited Gourab Kumar Nayak Company Secretary and Compliance Officer Encl: A/a CORRIGENDUM TO POSTAL BALLOT NOTICE Dear Members, Apollo Pipes Limited (“Company”) had issued a Postal Ballot Notice dated August 31, 2026 (“Postal Ballot Notice”) seeking approval of the Members of the Company for the matters set out therein through remote e-voting. The Postal Ballot Notice has been circulated to the Members of the Company in accordance with the applicable provisions of the Companies Act, 2013 and the rules made thereunder. The Company, through this Corrigendum, wishes to bring to the attention of the Members the following amendments to the Explanatory Statement forming part of the Postal Ballot Notice: Changes to the Explanatory Statement to Item No. 2: Clause (I) “Objects of the Preferential Issue” under Item no. 2 of the Explanatory Statement shall now be read as under: The Company intends to utilize the proceeds raised through the issue (“Issue Proceeds”) towards the following object: Investment in the proposed subsidiary(ies) to be incorporated for undertaking the tiles and ceramics business by way of subscription and/or acquisition of equity shares of such subsidiary(ies). The object of the proposed preferential issue is to raise funds for implementing the Company’s proposed diversification into the tiles and ceramics business and allied activities through investment of up to ₹189,10,00,000/- (Rupees One Hundred Eighty Nine Crore Ten Lakh Only) in the proposed Subsidiary(ies) to be incorporated for undertaking such business. As part of its long term growth strategy, the Company has been evaluating opportunities to expand its presence into complementary building material categories, with the objective of creating additional growth engines, broadening its product portfolio and progressively establishing the Group as a diversified building materials player. In furtherance of this strategy, the Company proposes to diversify into the tiles and ceramics business through dedicated Subsidiary(ies). The proposed subsidiary(ies) is/are intended to serve as the principal platform for undertaking, acquiring, developing and expanding the tiles and ceramics business and allied activities. The Company proposes to invest in the proposed subsidiary(ies), by way of subscription and/or acquisition of equity shares of such subsidiary(ies) depending upon the requirements of the business and the timing of suitable acquisition opportunities. The main Object Clause of Memorandum of Association of our Company enables us to undertake the existing activities and the activities for which the funds are being raised by us through the present Preferential Issue. Further, we confirm that the activities which we have been carrying out till date are in accordance with the Object Clause of our Memorandum of Association. Clause (I) “Utilization of Gross Proceeds” under Item no. 2 of the Explanatory Statement shall now be read as under: As the funds to be received against warrant conversion will be in tranches and quantum of funds required on different dates may vary, the intended utilisation of the Gross Proceeds of the Issue is as under: S. No. Particulars Total estimated Tentative timelines for amount to be utilization of issue utilized (Rs. In proceeds from the date of Crores)* receipt of funds 1. Investment in the proposed 189.1 0 Latest by October 2028 subsidiary(ies) to be incorporated for undertaking the tiles and ceramics business by way of subscription and/or acquisition of equity shares of such subsidiary(ies). TOTAL 189.10 (*) considering 100% conversion of Warrants into Equity Shares within the stipulated time. Note: The entire Gross Proceeds aggregating up to ₹189.10 crore, assuming full conversion of the Warrants, are proposed to be utilised towards the aforesaid Object. The actual amount available for utilisation shall depend upon the extent and timing of exercise/conversion of the Warrants by the Warrant Holders. The disclosures under the headings ‘Schedule of Implementation and Deployment of Funds’ and ‘Interim Use of Proceeds’ forming part of Clause (I) of the Explanatory Statement to Item No. 2 of the Postal Ballot Notice shall remain unchanged. Clause (V) “The Shareholding Pattern of the issuer before and after the preferential issue” under Item no. 2 of the Explanatory Statement shall now be read as under: The shareholding pattern of the Company before and after the proposed preferential issue to persons belonging to ‘Non- Promoter Category’ is likely to be as follows: Category Pre-Issue Existing Proposed Post-Issue Shareholding Shareholding Outstanding Warrants (Assuming full Structure Warrants to be conversion of existing Allotted outstanding Warrants and proposed Warrants) No. of %age* No. of %age* Shares Shares (A) Promoter Shareholding (1) Indian (a) Individuals & 2,18,30,000 49.56 0 0 2,18,30,000 44.42 (b) Bodies 26,00,000 5.90 0 0 26,00,000 5.29 Corporate Sub Total (A)(1) 2,44,30,000 55.46 0 0 2,44,30,000 49.71 (2) Foreign 0 0.00 0 0 0 0.00 promoters Total Promoter 2,44,30,000 55.46 0 0 2,44,30,000 49.71 shareholding A=A1 +A2 (B) Public Shareholding B1) Institutional 5,075,929 11.52 0 0 5,075,929 10.33 Investors B2) Central 0 0.00 0 0 0 0.00 Govt./Stat Govt./POI B3) Non- Institutional Investors Individuals 12,021,995 27.29 0 19,00,000 13,921,995 28.33 Body Corporate 2,072,460 4.70 20,00,000 12,00,000 5,272,460 10.73 Others (Including 3,32,472 0.75 0 0 3,32,472 0.68 NRI) Total Public 1,95,02,856 44.28 20,00,000 31,00,000 2,46,02,856 50.06 Shareholding B=B1+B2+B3 C) Non-Promoter 1,15,350 0.26 0 0 1,15,350 0.23 - Non-Public Grand Total 4,40,48,206 100.00 20,00,000 31,00,000 4,91,48,206 100.00 (A+B+C) Note: (1) The pre-issue shareholding percentages have been calculated on the existing paid-up equity share capital of the Company comprising 4,40,48,206 Equity Shares of ₹10 each as on August 28, 2026. (2) The post-issue shareholding percentages have been calculated on a fully diluted basis, assuming conversion of the 20,00,000 existing outs [Showing first 8,000 characters — download PDF for full document]