Sudesh Group

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The National Stock Exchange of India Limited

Exchange Plaza", 5th Floor,

Plot No. C/1, G Block,

Bandra-Kurla Complex,Bandra (East),MUMBAI - 400 051

NSE Symbol: APOLLOPIPE

Dear Sir /Madam,

?POI.LO? PIPING SYSTEMS

"'fa.de. hr lile.-

May 30, 2020

Department of Corporate

Services/ListingBSE Limited

Phiroze Jeejeebhoy Towers,

Dalal Street, Fort,

MUMBAI - 400 001

SCRIP Code: 531761

Sub: DISCLOSURE OF MATERIAL IMPACT OF COVID-19 PANDEMIC

Pursuant to SEBI Circular SEBI/HO/CFD/CMDl/CIR/P /2020/84 dated May 20, 2020,please find enclosed herewith disclosure on material impact of COVID-19 pandemic on the

Company.

The above is for your information and record.

Yours faithfully,

Encl: As above

APOLLO PIPES LIMITED

Regd. Office: 37, Hargobind Enclave, Vikas Marg, Delhi-110092, India

Corporate Office : A-140, Sector-136, Noida-201301 (U.P.),India

Manufacturing Unit : Dadri (U.P.),Ahmedabad (Gujarat), Bengalore (Karnataka), IndiaTel: 0120-2973411 I Toll Free No. : 1800-121-3737 I Email: info@apollopipes.com

Website : www.apollopipes.com I CIN : L65999DL 1985PLC022723

DISCLOSURE OF MATERIAL IMPACT OF COVID-19 PANDEMIC

Pursuant to the SEBI Circular SEBI/HO/CFD/CMD1/CIR/P /2020/84 dated May 20, 2020

on disclosure of material impact of CoVID-19 pandemic are as follows:-

S.No. Particular Disclosure

1. Impact of the CoVID-19

pandemic on the business

The Company's manufacturing facilities

remained closed from March 24th, 2020, due to

lockdown and partially resumed operation at its

plants situated at Dadri, Sikanderabad,Ahmedabad and Tumkur w.e.f. 24th April, 2020,which has impacted its operations during March

and April, 2020.

Ability to maintain operationsincluding the

factories /units/ office spaces

functioning and closed down;

2. The Company has restarted operations among all

units from 24th April, 2020 onwards and

administrative office from 5th May, 2020,adhering to the safety norms prescribed byGovernment of India and State Government

policies framed for dispatches, production and

operations.1--??-+-????????????--<

3. Schedule, if any, for restartingthe operations

4. Steps taken to ensure smooth

functioning of operations

The Company is taking utmost care of its staff

and work force like sanitization of premises,social distancing, mandatory mask wearing,thermal check at the gate, maintaining proper

hygiene etc. Supply chain including logistics is

being monitored to ensure availability and

dispatch of stocks. We have taken cash flow,

capital expenditure and overhead control

measures to smoothly manage our operations.

5. Estimation of the future impactof Co VID-19 on its operations

In view of prevailing CoVID-19 situation the

Company's revenue for 1st quarter of FY 2020-21

is likely to be impacted, hence the managementis under process of revising its budgets and

estimations. As the business situation is very

dynamic, the company is closely monitoring it

and hope the same could normalize from 3rct

quarter.

6. Details of impact of CoVID-19 on listed entity's:-6.1 capital and financial resources The Company's capital and Banking facilities

remain intact. The company have sufficient

6.2 profitability

6.3 liquidity position

6.4 ability to service debt and other

financing arrangements

6.5 internal financial reporting and

control

unutilized Banking limits available. Hence, there

are no liquidity concerns. Further the Companyinfused funds kept parked as FDs (FixedDeposits) to take care of additional impact on

working capital. However, the Company is

witnessing delay in receivable collection from

buyers due to exceptional situations.

In view of lock down, the profitability during 1st

quarter (April to June) is likely to be adverselyimpacted. Further crashing of Raw Material pricelead to inventory loss. Though we do hope the

business situation could normalise from 3rct

quarter.

As explained above, there are no liquidityconcerns as company have sufficient Bankinglimits available. The company has sufficient

liquidity in the form of its cash and cash

equivalents.

Since, the Company has sufficient unutilised

working capital limits and cash and cash

equivalents to meet financial requirements, it

will be able to serve its debt and other financingarrangement without any delay.

The Company has taken financial control and

overhead control measures to manage the

operations, regular review mechanism adoptedto review the account receivables and measures

taken to control the capital and overhead

expenditure.

6.6 demand for

products/ services

its Since the company is engaged in supplying to

essential sector like Agriculture, Building and

Infrastructure, the products of Company are in

good demand which remain intact. Further the

company has already built up demand from

agriculture sector due to ongoing crop sowingperiod where PVC pipes play major role in

irrigation of farming land and once the activities

resume, the management expects the demand to

pick up.