APL Apollo Tubes Limited Recommends Final Dividend for the Financial Year Ended 31 March 2023, Payable After 9 September 2023
May 12, 2023 at 12:23 pm
Share
APL Apollo Tubes Limited at its Board Meeting held on May 12, 2023 approved to recommend a final dividend of INR 5/- per equity share of face value of INR 2/- each (250%) for the financial year ended 31 March 2023, subject to approval at its AGM to be held on September 9, 2023. The Company has fixed September 2, 2023 as the "Record Date" for determining entitlement of members to final dividend for the financial year ended March 31, 2023. The Dividend, if declared at the Annual General Meeting, will be paid after 9th September, 2023, to the Members whose names are recorded in the Company's Register of Members or as Beneficial Owners in the records of the Depositories on September 2, 2023 or to their mandates.
APL Apollo Tubes Limited is a producer of structural steel tubes in India. The Company is engaged in the business of production of electric resistance welded (ERW) steel tubes. Its multi-product offerings include over 1,100 varieties of pre- galvanized tubes, structural steel tubes, galvanized tubes, MS black pipes and hollow sections. The Company offers its products under various brands, which include Apollo Fabritech, Apollo Build, Apollo DFT, Apollo Column, Apollo Coastguard, Apollo Bheem, Apollo Green, Apollo Z+, Apollo Standard, Apollo Agri, Apollo Elliptical, Apollo Oval, Apollo D Section, Apollo Narrow, and Apollo Chaukhat, among others. Its products are used in various applications, which include agricultural and plumbing, firefighting, furniture, metros, railings, solar panels, balcony grills, sheds, greenhouse structures, plumbing and lighting poles, among others. The Company has manufacturing units in Uttar Pradesh, Tamilnadu, Chhattisgarh, Maharashtra, and Telangana.