Apollo Pipes Ltd - Announcement under Regulation 30 (LODR)-Acquisition

Please take note that a meeting of Finance Committee of Board of Directors of the company was held today i.e., July 18, 2019 at the corporate office of the Company at Plot No. 10, Commercial Area, Kaushambi, Ghaziabad, U.P-201010.

The meeting commenced at 12:15 PM and concluded at 01:15 PM and has approved the acquisition of assets alongwith the related properties, rights, benefits, etc. of one of the production unit of M/s Kisan Mouldings Limited, located at Plot No 172-B & 173-A Village Nogenhalli, Kora Hubli, Tumkur Taluka, Karnataka, having production capacity of 9,000 MTPA. The proposed acquisition is subject to the successful completion of Due Diligence by the Company and valuations of the assets. The necessary disclosure required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is enclosed herewith as an Annexure -1.

This is for your information and record please.

Pdf Link: Apollo Pipes Ltd - Announcement under Regulation 30 (LODR)-Acquisition

Source : BSE - www.bseindia.com