Apollo Pipes Limited informed the NSE on June 26, 2026, that its board of directors, at a meeting held the same day, approved a Scheme of Arrangement. The development follows the company's earlier announcement on May 7, 2026, recommending a final dividend of ₹0.70 per equity share for FY26, consistent with the payout declared in FY25.

Dividend Details

The board recommended a final dividend of ₹0.70 per equity share (face value ₹10) for the financial year ended March 2026. This is unchanged from the ₹0.70 per share paid in FY25. Market price data for APOLLOPIPE was not available at the time of publication; accordingly, a precise dividend yield figure cannot be calculated. Investors should compute yield against the prevailing market price at the time of the record date, once announced.

Dividend History and Trend

A review of Apollo Pipes' five-year dividend track record reveals a mixed but broadly range-bound payout pattern:

The absolute dividend amount has oscillated between ₹0.60 and ₹1.00 over this period, with no sustained upward trajectory. The FY26 payout holds flat against FY25, representing a 30% decline from the ₹1.00 paid in FY24. The company has maintained an unbroken streak of annual dividends across all five years, signalling consistent, if modest, shareholder return intent. However, the payout has not grown in nominal terms over the last two fiscal years, which investors tracking dividend growth as a standalone metric may note.

Scheme of Arrangement

The board's approval of a Scheme of Arrangement on June 26, 2026, is a material corporate event. Such schemes typically involve restructuring activities including mergers, demergers, capital reorganisation, or business transfers, and require subsequent approval from the National Company Law Tribunal (NCLT) as well as shareholders and creditors. Apollo Pipes has not disclosed the specific nature or counterparties involved in the scheme in the exchange filing reviewed. Investors should monitor further regulatory filings and NCLT notices for substantive details on the transaction structure, rationale, and timeline.

Company Background

Apollo Pipes Limited, listed on NSE under the symbol APOLLOPIPE with ISIN INE126J01016, is engaged in the manufacture of CPVC, uPVC, and HDPE piping systems catering to agricultural, plumbing, and infrastructure segments. The company operates within the competitive plastic pipes and fittings sector, which includes larger peers such as Supreme Industries and Astral Limited.

What It Means for Investors

The flat dividend for FY26 relative to FY25 suggests the board has opted for capital conservation, which may be consistent with funding requirements associated with the newly approved Scheme of Arrangement. Investors holding APOLLOPIPE for income should note that the ₹0.70 per share payout on a ₹10 face value represents a 7% dividend on face value, though the effective yield on market price will differ materially. The scheme announcement introduces a structural variable that warrants close monitoring, as the outcome could alter the company's business profile, capital structure, or listed entity composition. Full details of the scheme are awaited from subsequent NSE filings.