APL Apollo Tubes Ltd

GST demand update

• Appeals against GST demand reduced by Deputy Commissioner (Appeals), Hosur, via 21 Aug 2026 orders.
• Nature: revised demand under CGST Act Section 74 for multiple years.
• Original total demand across years: Rs 51.44 crore.
• Total set aside by Appellate Authority orders: Rs 85.70 lakh.
• Impact: no material impact on financials; company examining orders for future action.

GST update

• Appellate order from Deputy Commissioner (Appeals), Hosur, reduced FY2019-20 GST demand; remaining ₹101,866.
• No material impact on financials; company will decide future course.

GST demand update

• Appellate Authority (Deputy Commissioner, Hosur) ordered revised GST demand for FY 2019-20.
• Original order dated 30 August 2024 had GST demand of ₹3,14,81,140.
• Order dated 21 August 2026 reduced the demand to ₹3,13,79,274.
• Balance payable after relief is ₹1,01,866.
• Tax, interest and penalty were reduced to ₹1,68,19,175; ₹1,29,47,469; ₹16,12,630 respectively.
• There is no material impact on financials; company is examining the order.

Overview

• Consolidated reporting for FY2025-26; main activity is structural steel tubes.
• BRSR Core is assured; non-core disclosures Limited assurance; provider: Sustainability Actions (P) Ltd.
• Exported 9% of turnover; exports to 36 countries.
• Reporting boundary: Consolidated.
• Company site hosts the BRSR; form part of Annual Report.

Key ESG Risks & Opportunities

• Climate: GHG management is material with Net Zero by 2050.
• Near-term target: reduce absolute Scope1+2 by 58.8% by FY2034.
• Renewables: company-wide 58% renewable electricity; Simga site ~80% renewables.
• Water stewardship: 7 of 11 units ZLD; Raipur rainwater harvesting ~9.5 crore liters.
• Waste management: emphasize recycling and circularity; majority of waste recycled/reused.
• OHS risks mitigated via ISO 45001 across facilities; emphasis on safety culture.
• Supply chain human rights: Supplier Code of Conduct and due diligence.

Governance & Policy Highlights

• Board oversight includes Risk Management, CSR, Audit, Stakeholders' Relationship, and Nomination & Remuneration Committees.
• Policies include Anti-Bribery & Anti-Corruption, Whistleblower, POSH, Human Rights, Supplier Code, Code of Conduct.
• Policies approved by the Board; web links provided on company site.
• Independent assurance: Sustainability Actions provides reasonable assurance on BRSR Core.
• No material penalties or regulatory actions reported.
• Policy framework aligns with NGRBC and SEBI BRSR requirements.

Social Responsibility & Workforce

• Total workforce: 1,165 employees and 5,102 workers.
• Board female representation: 13.3%; permanent staff female share 3.03%.
• LTIFR: employees 0.0; workers 1.96; no fatalities reported.
• Well-being spend: 0.057% of revenue.
• 100% training coverage for Board, KMPs, employees and workers.
• CSR reach: ~853k beneficiaries across programs like Aarohi, Sehat-Poshan-Garima.

Environmental Performance

• Total energy: 20,73,209 GJ; renewables supply 58% of electricity use.
• Scope1 emissions: 63,347 tCO2e; Scope2: 83,186 tCO2e; intensity 6.3 tCO2e/INR Cr.
• Scope3: 1,285,865 tCO2e; intensity 55.7 tCO2e/INR Cr.
• Net Zero by 2050; Scope1+2 reduction target 58.8% by FY2034.
• ZLD at 63% facilities; target complete coverage by 2030.
• Waste: total 155,312 t; 146,483 t recycled; 10.6 t other disposal; 0 incineration/landfill.

Stakeholder Engagement & Complaints

• Stakeholders: communities, investors, employees, customers, suppliers, regulators.
• Engagement channels: surveys, meetings, CSR initiatives, investor calls.
• Shareholder grievances: 11 filed; 3 pending at year-end; resolved by Apr 8, 2026.
• Employee/worker grievances: 372; POSH complaints: 0; sexual harassment: 0.
• Customer complaints: 35; all resolved or in process as noted.

Other Notable Metrics

• Sustainable sourcing: ~84% of Tier-1 spend assessed for sustainability.
• Inputs: 98.1% sourced within India; 7.1% from MSMEs.
• LCAs: cradle-to-grave analyses conducted for major products; some externally assessed.
• Value chain: no material adverse environmental impact identified; recyclability emphasized.
• Green credits: Nil; data assurance conducted by SAPL for BRSR core.

Financial performance and expansion plan

• FY26 revenue 23,079 crore.
• FY26 net profit 1,203.08 crore.
• Basic EPS 43.34.
• Final dividend 8.50 per share.
• India revenue 20,368.26 crore.
• Revenue outside India 2,015.36 crore.
• Total borrowings ₹452.47 crore.
• Cash and cash equivalents ₹644.18 crore.
• Capex self-funded; no external debt.
• Capacity expansion to 8 Mn Ton by FY28.

AGM Details

• 41st AGM date/time/mode: Sept 15, 2026 at 11:00 IST via VC/OAVM; record date Sept 8, 2026.

Dividend Proposal

• Final dividend of ₹8.50 per share proposed for FY2026.

Ordinary Resolutions

• Adopt Audited Financial Statements (Consolidated and Standalone) for FY2026.
• Declare final dividend for FY2026 as proposed.
• Re-appoint Ashok Kumar Gupta as Director (retiring by rotation).
• Re-appoint Rahul Gupta as Director (retiring by rotation).

Special Resolutions

• Ratify cost auditor remuneration for 2026-27 at ₹6,00,000.
• Re-appoint Asha Anil Agarwal as Non-Executive Independent Director for 5 years from Oct 30, 2026.
• Re-appoint Hosdurg Kamath Upendra Kamath as Non-Executive Independent Director for 5 years from Oct 30, 2026.
• Re-appoint Rajeev Anand as Non-Executive Independent Director for 5 years from May 11, 2027.
• Re-appoint Dinesh Kumar Mittal as Non-Executive Independent Director for 5 years from May 11, 2027.
• Extend SAR Scheme-2019 to associate company employees; no increase in size or terms.