27-Jun-2026 12:40:25

APL APOLLO TUBES LTD : DISINVESTS WHOLLY OWNED SUBSIDIARY FOR RS 160 CR

• Board approved sale of entire shareholding in Blue Ocean Projects Private Limited to SG Realtor Private Limited • Transaction considered at arm's length, with consideration based on independent valuation report • Blue Ocean Projects contributed 0.06% of consolidated turnover and 2.63% of net worth as of March 31, 2026 • Agreement for sale to be entered into on or before December 31, 2026 • Proposed transaction completion expected by December 31, 2026 • Buyer's promoters hold over 20% of buyer company's equity share capital

APL Apollo Tubes Limited

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