BSEInsider Trading / SAST1d ago · 22 Oct 2026, 09:00 am
The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for KITARA PIIN 2401 & Others
Apollo Pipes Ltd · 531761
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Apollo Pipes Ltd has received a disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, indicating a substantial acquisition of shares by Kitara PIN 2401, Ohana India Growth Fund, and Amicorp Capital (Mauritius) Limited. The acquirers have acquired a total of 38,47,000 shares, representing 8.35% of the company's total voting capital.
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Earnings Impact2/10
Growth Catalyst3/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment5/10
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Apollo Pipes Ltd - 531761 - Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011
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Disclosures under Regulation 29(1) of SEBI (SubstantialAcquisition of Shares and Takeovers)
Regulations,2011
Part-A-DetailsoftheAcquisition
1. NameoftheTargetCompany(TC) ApolloPipesLimited(the“Company”)
2. Name(s) of the acquirer and PersonsAsperAnnexureI.
Acting in Concert (PAC) with the
acquirer
3. Whether the acquirer belongs toNo
Promoter/Promotergroup
4. Name(s)oftheStockExchange(s)where i. BSELimited
thesharesofTCareListed
ii. NationalStockExchangeofIndia
Limited
5. Details of the acquisition / disposal asNumber %w.r.t.Total %w.r.t.total
follows share/voting diluted
capitalwherevershare/voting
applicable(*) capitaloftheTC
(**)
6. Before the acquisition under
consideration, holding of acquirer
alongwithPACsof:
18,47,000 4.01% 4.01%
a. Shares carrying voting rights
(ReferAnnexureI)
b. Shares in the nature of NIL N.A N.A
encumbrance (pledge/ lien/
non-disposal undertaking/
others)
c. Voting rights (VR) otherwise
NIL N.A N.A
thanbyshares
d. Warrants/convertible
securities/anyother instrument NIL N.A N.A
that entitles the acquirer to
receive shares carrying voting
rights in the T C (specify
holdingineachcategory)
e. Total(a+b+c+d) 18,47,000 4.01% 4.01%
7. Detailsofacquisition/sale
a. Shares carrying voting rights20,00,000 4.34% 4.34%
acquired / sold (ReferAnnexure
NIL N.A N.A
b. VRs acquired /sold otherwise
thanbyshares
c. Warrants/convertible
securities/any other instrument
that entitles the acquirer toN.A N.A N.A
receive shares carrying voting
rightsintheTC(specifyholding
ineachcategory)acquired/sold
d. Shares encumbered / invoked /
releasedbytheacquirer
NIL N.A N.A
e. Total(a+b+c+d) 20,00,000 4.34% 4.34%
8. Afterthe acquisition/ sale, holding of
acquireralongwithPACsof:
38,47,000 8.35% 8.35%
a. Shares carrying voting rights
acquired(ReferAnnexureI)
b. VRs otherwise than by equity
shares NIL N.A N.A
c. Warrants / convertible securities
/ any other instrument that
NA N.A NA
entitles the acquirer to receive
shares carrying voting rights in
the TC (specify holding in each
category)afteracquisition
d. Shares in the nature of
encumbrance(pledge/lien/non-
NIL N.A N.A
disposalundertaking/others)
e. Total(a+b+c+d) 38,47,000 8.35% 8.35%
9. Mode of acquisition / sale (e.g. openAllotment of equity shares upon conversion of
market/off-market/publicissue/rightswarrantsissuedonapreferentialallotmentbasis.
issue / preferential allotment / inter-se
transferetc).
10. SalientfeaturesofthesecuritiesacquiredEquityShares
including time till redemption, ratio at
which it can be converted into equity
shares,etc.
10. Dateofacquisitionof/dateofreceiptof October17,2026
intimation of allotment of shares / VR/
warrants/convertiblesecurities/any other
instrument that entitles the acquirer to
receivesharesintheTC.
11. Equitysharecapital/totalvotingcapital Rs. 44,04,82,060 comprising 4,40,48,206 equity
oftheTCbeforethesaidacquisition/ sharesofRs.10each.
sale
12. Equitysharecapital/totalvotingcapital Rs46,04,82,060dividedinto4,60,48,206Equity
oftheTCafterthesaidacquisition/sale SharesofRs.10/-each.
13. Totaldilutedshare/votingcapitalofthe Rs 46,04,82,060 divided into 4,60,48,206 Equity
TCafterthesaidacquisition SharesofRs.10/-each.
Part-B***
Name of the Target Company: Apollo Pipes Limited
Name(s) of the acquirer and Whether the acquirer belongs PAN of the acquirer and/ or
Persons Acting in Concert to Promoter/ Promoter group PACs
(PAC) with the acquirer
Kitara PIN 2401 (Acquirer) NNoo AALCK1426G
Ohana India Growth Fund No AABTO0519P
(Kitara PIIN 1103 through
Alternate Investment Fund
scheme - Ohana India Growth
Fund)
Amicorp Capital (Mauritius) No AAYCA8747M
Limited
(Kitara PIIN 1103 through
Foreign Portfolio Investor -
Amicorp Capital (Mauritius)
Limited)
Signature:
For Kitara PIN 2401
Designation: Director
Date: October 21, 2026
Place: Muscat
Note:
(*) Total share capital/ voting capital to be taken as per the latest filing done by the company to the
Stock Exchange under Clause 35 of the listing Agreement.
(**) Diluted share/voting capital means the total number of shares in the TC assuming full conversion
of the outstanding convertible securities into equity shares of the TC.
(***) Part-B shall be disclosed to the Stock Exchanges but shall not be disseminated.
Annexure I
Name(s) of the acquirer and Persons Acting in Concert (PAC) with the acquirer
Sr. Names of the Details before the Details of the Details After the
No. acquirer and Acquisition Acquisition Acquisition
Persons
No. of % of No. of % of No. of % of
Acting in
Shares Holding Shares Holding Shares Holding
Concert
Acquired
(PAC) with
Acquired
the acquirer
11.. KITARA - - 20,00,000 4.34 20,00,000 4.34
PIIN 2401
(Acquirer)
22.. Ohana India 9,77,000 2.12 - - 9,77,000 2.12
Growth Fund
(Kitara PIIN
1103 through
Alternate
Investment
Fund scheme
- Ohana India
Growth
Fund)
33.. Amicorp 8,70,000 1.89 - - 8,70,000 1.89
Capital
(Mauritius)
Limited
(Kitara PIIN
1103 through
Foreign
Portfolio
Investor -
Amicorp
Capital
(Mauritius)
Limited)
KPIIN 2401
Date: October 21, 2026
Apollo Pipes Limited (the “Company”)
37, Hargobind Enclave, Vikas Marg, Delhi- 110092, India
To, To,
Listing Department, Listing Department
National Stock Exchange of India Limited, BSE Limited
Exchange Plaza, Bandra-Kurla Complex, Bandra P. J. Tower, Dalal Street,
(East), Mumbai - 400 051. Mumbai 400 001
Equity Scrip Code: APOLLOPIPE Equity Scrip Code: 531761
Dear Sir(s),
Sub: Disclosures under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers)
Regulations, 2011
For KITARA PIIN 2401
Director
Place: Muscat
Encl: As above