Allotment of 20,00,000 equity shares pursuant to conversion of warrants issued on preferential basis.

October 17, 2026 To, To, Manager - Listing Compliance The Chief General Manager National Stock Exchange of India Limited Listing Operations, ‘Exchange Plaza’. C-1, Block G, BSE Limited, Bandra Kurla Complex, Bandra (E), 20th Floor, P.J. Towers, Mumbai - 400 051 Dalal Street, Mumbai – 400 001 NSE Symbol: APOLLOPIPE Scrip Code: 531761 Subject : Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Allotment of 20,00,000 Equity Shares pursuant to conversion of warrants issued on a preferential basis Dear Sir/Madam, Pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) and in continuation of our intimation dated April 23, 2025 regarding the allotment of 20,00,000 fully convertible warrants (“Warrants”) at an issue price of ₹550 per Warrant, we wish to inform you that the Finance Committee of the Board of Directors of Apollo Pipes Limited (“Company”), at its meeting held today, i.e., October 17, 2026, has approved the allotment of 20,00,000 fully paid-up equity shares of face value ₹10 each to KITARA PIIN 2401, belonging to the Non-Promoter category, upon exercise and conversion of an equivalent number of Warrants. The allotment has been approved upon receipt of the balance consideration of ₹412.50 per Warrant (being 75% of the issue price), aggregating to ₹82,50,00,000 (Rupees Eighty Two Crore Fifty Lakh Only). The details of allotment are as under: Category No. of equity shares of face value of ₹10/- Sr. Number of Warrants Name of Allottee each allotted, upon No. converted conversion of Warrants 1. K ITARA PIIN 2401 Non-Promoter 20,00,000 20,00,000 TOTAL 20,00,000 20,00,000 Consequent to the aforesaid allotment, the Paid-up Equity Share Capital of the Company stands increased from ₹44,04,82,060 comprising 4,40,48,206 equity shares of ₹10 each to ₹46,04,82,060 (Forty Six Crore Four Lakh Eighty Two Thousand and Sixty) divided into 4,60,48,206 (Four Crore Sixty Lakh Forty Eight Thousand Two Hundred and Six) Equity Shares of ₹10/- (Rupees Ten Only) each. The new equity shares issued shall rank pari-passu with the existing equity shares of the Company. The details as required under Regulation 30 of the SEBI Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 is enclosed as “Annexure-I”. The meeting of the Finance Committee of the Board of Directors commenced at 10:00 A.M. and concluded at 10:25 A.M. This is for your information and records. Yours faithfully, For Apollo Pipes Limited Gourab Kumar Nayak Company Secretary & Compliance Officer ANNEXURE I The details as required under Regulation 30 of the SEBI Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 are as under: Sl. Particulars Details 1 Type of securities proposed to be issued Fully paid-up equity shares of face value ₹10 each, issued (viz. equity shares, convertibles etc.); pursuant to conversion of an equivalent number of fully convertible warrants. 2 Type of issuance (further public Preferential allotment of equity shares upon conversion offering, rights issue, depository receipts of Warrants issued on a preferential basis. (ADR/GDR), qualified institutions placement, preferential allotment etc.); 3 Total number of securities proposed to Allotment of 20,00,000 equity shares at an issue price of be issued or the total amount for which ₹550 per equity share (including a securities premium of the securities will be issued ₹540 per share), aggregating to a total issue consideration (approximately); of ₹110 Crore, comprising ₹27.50 crore paid at the time of subscription to the warrants and the balance ₹82.50 crore received upon exercise and conversion of the warrants into equity shares. 4 Additional information in case of p referential issue: (i) Names of the investors; KITARA PIIN 2401 (ii) Post allotment of securities - outcome of Allotment of 20,00,000 equity shares at an issue price of the subscription, issue price / allotted ₹550 per equity share (including securities premium of ₹540 per share). price (in case of convertibles), number of investors; Number of investors: 1(One) Details of pre and post allotment Shareholding of KITARA PIIN 2401 in the Company is as under: Pre allotment Post allotment Shareholding Shareholding No. of Equity % No. of Equity % Shares Shares Nil 0 20,00,000 4.34 (iii) In case of convertibles - intimation on Conversion of 20,00,000 Warrants into an equivalent conversion of securities or on lapse of number of equity shares. the tenure of the instrument; 5 Any cancellation or termination of Not applicable proposal for issuance of securities including reasons thereof.