The Board of Directors of Apollo Pipes Limited at its meeting held on March 14th, 2023, Appointed Mr. Arun Agarwal (DIN: 10067312) as an additional director with immediate effect and designated him as Joint Managing Director for a term of 3 years w.e.f. 1st April, 2023 pursuant to recommendation of the Nomination and Remuneration Committee of the Board. Brief Profile of Mr. Arun Agarwal: A Chartered Accountant from The Institute of Chartered Accountants of India, Mr. Arun Agarwal joined APL Apollo Tubes Limited in 2009 at Bangalore, as Finance Controller. Having 14 years of professional experience in APL Apollo Tubes Limited, he has worked in plant maintenance, power management and total quality management functions.

In 2019, he was appointed as the Chief Operating Officer of the Company. Since then, he has been actively involved in all strategic decision making within the group and has over the years grown with APL Apollo Tubes, a pioneer in the structural steel tubes manufacturing segment in India with a dominant 50% market share, progressively shouldering higher responsibilities. He was responsible for driving all the 11 plants under APL Apollo Tubes Limited.

His inclusion in the Board will be beneficial to the Company. The board took note of the resignation of Mr. Sanjay Gupta, Chairman and Non-Executive Director (DIN: 00233188) of the Company, who had tendered his resignation citing personal pre-occupations, vide letter dated 9th March, 2023, effective from 14th March, 2023. The board also approved re-designation of Mr. Sameer Gupta, Managing Director as Chairman & Managing Director of the company.

In view of the vacancy created by the resignation of Mr. Sanjay Gupta, Chairman and Non- Executive Director from the Board, Mr. Sameer Gupta Managing Director of the Company was designated as the Chairman as well with effect from March 14, 2023, pursuant to the recommendations of the Nomination and Remuneration Committee of the Board, with no change in his terms and conditions including remuneration as the Managing Director of the Company.