The decision was approved by the company’s Board of Directors during a meeting held on June 27, following the recommendation of the Audit Committee. The transaction involves the sale of BOPPL to SG Realtor Private Limited for an aggregate consideration of ₹160 crore.
The company stated that the proposed buyer is a related party. Promoters of APL Apollo Tubes, along with their immediate relatives, hold more than 20% of the equity share capital in SG Realtor Private Limited. However, the company said the transaction is being conducted at arm’s length and that the consideration has been determined based on a valuation report from an independent registered valuer.
According to the disclosure, the company is expected to enter into a share sale and purchase agreement with SG Realtor Private Limited on or before December 31, 2026. The transaction is also expected to be completed by the same date.
As of March 31, 2026, BOPPL contributed ₹14.91 crore in turnover, representing 0.06% of APL Apollo Tubes’ consolidated turnover. The subsidiary reported total income of ₹17.16 crore and had a net worth of ₹139.09 crore, accounting for 2.63% of the company’s consolidated net worth.
APL Apollo Tubes said the disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The company’s shares are listed on both the National Stock Exchange of India and BSE.
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First Published: Jun 27, 2026 4:17 PM IST
