5317612026-06-265317612026-06-262026-06-265317612026-06-262026-06-26

AmalgamatedEntityDomain1

5317612026-06-26

AmalgamatedEntityDomain1

5317612026-06-262026-06-26

AmalgamatedEntityDomain2

5317612026-06-26

AmalgamatedEntityDomain2

5317612026-06-262026-06-26

AmalgamatedEntityDomain3

5317612026-06-26

AmalgamatedEntityDomain3

xbrli:purexbrli:shares

531761

APOLLO PIPES LIMITED

APOLLOPIPE

NOTLISTED

INE126J01016

New

Amalgamation/ Merger

true

2026-06-26

13:55:00

2026-06-26

KML Tradelinks Private Limited (“Transferor Company 1”/ “KTPL”)

Transferor

Step Down Subsidiary

Paid up capital- 0.01 crores; Turnover - NIL; Networth - 0.02 crores

10000

Kisan Mouldings Limited (“Transferee Company 1” or “Transferor Company 2”/ “KML”)

Transferor

Material Subsidiary

Paid up capital- 119.46 crores; Turnover - 250.07 crores; Networth - 148.65 crores

84287623

0.7056

35175442

0.2944

119463065

Apollo Pipes Limited (“Transferee Company 2”/ “APL”)

Transferee

Listed Entity (self)

Paid up capital- 44.05 crores; Turnover - 887.44 crores; Networth - 844.77 crores

22780000

0.5172

21139356

0.4799

128850

0.0029

44048206

22780000

0.492

23394324

0.5052

128850

0.0028

46303174

false

true

KTPL KTPL is primarily incorporated with the objective to carry on the business of trading, marketing, import, export, distribution and dealing in wide range of products such as tyres, plastic and plastic products, pharmaceutical products, chemicals, metals, textiles, industrial goods, machinery, sheets, tubes, pipes and other allied products and materials. KML KML is engaged in the business of manufacturing, moulding, processing, and trading of all types of plastics, polymers, and allied products. The Company deals in a wide range of PVC products including agricultural pipes and fittings, tubes, vessels and bathroom fittings, and related accessories. KML has been successfully manufacturing and marketing its products under the brand names ’KISAN’ & ’KML CLASSIC’ catering to commercial, industrial, construction, and household applications. APL APL is engaged in the business of manufacturing, processing, trading, and dealing in a wide range of products like pipes & fittings, or bathroom fittings, water storage or premium door & windows solutions and plastic products including PVC, HDPE and LDPE pipes, tubes, fittings, sheets, and allied plastic and polymer-based products and accessories.

The proposed Scheme of Arrangement providing for amalgamation in two stages i.e.: (i) the amalgamation of the wholly owned subsidiary, i.e. the Transferor Company 1, with its holding company, KML; followed by (ii) the amalgamation of KML with the Transferee Company 2 wherein KML is a subsidiary of Transferee Company 2, is expected to result, inter alia, in the following synergies for all the Companies, thereby preserving and enhancing value for their respective shareholders, creditors and other stakeholders: • All the Companies are engaged in similar lines of business. The proposed Amalgamation is expected to enhance overall operational efficiency through the realization of economies of scale, rationalization of operations, and improved cash flow management. The ultimate combined entity will benefit from seamless access to cash flows, facilitating more efficient reinvestment into business development and growth initiatives. Further, the Amalgamation is likely to reduce administrative and compliance burdens, and optimize value for the shareholders. • The Amalgamation is expected to facilitate more efficient and optimal utilization of resources through the integration of the managerial, technical, and financial strengths of the Transferor Company 1, KML and the Transferee Company 2, thereby supporting business growth and strengthening the ability to effectively respond to increasing competitive pressures. • The Amalgamation is expected to reduce the duplication of legal and regulatory compliances that are presently required to be undertaken separately by all the Companies. • Upon consolidation of business operations of Transferor Company 1, KML and the Transferee Company 2, the ultimate combined entity is expected to achieve a broader product portfolio, economies of scale, enhanced operational efficiencies, and optimization of logistics and distribution networks, along with other related synergies. • Expanded financial strength and scale, facilitating improved access to domestic and international capital markets, enabling fund raising on favorable terms, and supporting accelerated expansion, modernization and growth plans of the Transferee Company 2. • A single entity will have a larger and more liquid equity base, improved market visibility, and wider investor participation, amongst others thereby creating value for shareholders. In summary, the amalgamation amongst Transferor Company 1, KML and the Transferee Company 2 is driven by strategic business considerations aimed at integrating and sustaining the businesses of all companies, establishing a stronger foundation, and enhancing market competitiveness through the combined strengths of the entities. The Amalgamation is expected to result in operational and business synergies, improved efficiencies, strengthened financial stability and performance, and the creation and preservation of long-term value for all stakeholders.

496:10000

Since, Transferor Company 1 is the wholly owned subsidiary of KML, no shares shall be issued or payment in whatsoever manner shall be made by KML as consideration. Further, as per the Valuation Report issued by the Registered valuer for the Scheme, the share exchange ratio for the Amalgamation of KML with the Transferee Company 2 is as follows:- “4.96 (Four Point Nine Six) Equity Shares of Face Value of INR 10 /- (Rupee Ten Each) each of the Transferee Company 2 for every 100 (Hundred) Equity Share of Face Value of INR 10/- (Rupee Ten Each) each held by them in Transferor Company 2.”

As disclosed above