Nature of the Event

This is a regulatory disclosure pursuant to SEBI Listing Regulations (Regulation 30) intimating the stock exchanges about the notice sent for an Extra-Ordinary General Meeting (EGM) of shareholders.

Key Resolution

The single agenda for the EGM is to seek shareholder approval via a special resolution for raising funds. The company proposes to raise capital aggregating up to ₹2,500.00 crores (Rupees Two Thousand Five Hundred Crores Only).

Fundraising Methods

The funds may be raised through one or a combination of the following methods:

  • Qualified Institutions Placement (QIP)
  • Rights Issue
  • Preferential Allotment

The specific instrument(s) to be issued may include:

  • Fully paid-up equity shares
  • Warrants
  • Any convertible securities
  • Any other securities

Key Dates

  • Record Date (Cut-Off Date) for voting rights: Thursday, July 23, 2026
  • Remote E-Voting Period: Monday, July 27, 2026 (from 10:00 Hrs.) to Wednesday, July 29, 2026 (till 17:00 Hrs.)
  • EGM Date & Time: Thursday, July 30, 2026, at 11:00 A.M. (IST)
  • EGM Mode: Video Conferencing (VC) / Other Audio Visual Means (OAVM)

Proposed Use of Proceeds

The proceeds from the fundraise (after adjustment of issue expenses) are proposed to be utilized for:

1. Investment in organic or inorganic growth opportunities, including expansion/acquisitions.

2. Prepayment / repayment of outstanding borrowing of the Company and/or its subsidiaries.

3. Funding the working capital requirements of the Company and/or its subsidiaries.

4. Infusion of funds into its subsidiaries.

5. Capital expenditure (e.g., purchase of machines) for the Company and/or its subsidiaries.

6. Funding capital expenditure for new manufacturing facilities in India or overseas.

7. Any other general corporate purposes.

Pending utilization, the net proceeds may be invested in money market instruments, bank deposits, or short/long-term debt.

Pricing and Terms

  • The pricing will be determined in accordance with the SEBI ICDR Regulations and other applicable laws.
  • For a QIP, the floor price will be calculated as per the SEBI ICDR formula, with a potential discount of up to 5% permitted.
  • The "relevant date" for pricing a QIP will be the date the Board decides to open the issue.
  • The securities allotted will rank pari-passu with the existing equity shares of the Company.
  • Allotment for a QIP must be completed within 365 days from the date of the passing of this special resolution (i.e., by July 30, 2027).

Authorities and Committees

The Board of Directors seeks authority to constitute a Share Issue Committee to finalize all terms of the issuance. The proposed committee members are:

1. Mr. Kushal N. Desai (Chairman & Managing Director)

2. Mr. Chaitanya N. Desai (Managing Director)

3. Mr. Rajesh Sehgal (Director)

4. Mr. Kaushal Sampat (Director)

The following individuals are also severally authorized to execute all necessary documentation: Mr. Kushal N. Desai, Mr. Chaitanya N. Desai, Mr. Ramesh S. Iyer (CFO), Mr. Vinayak K. Lele (Sr. VP – Finance), and Mr. Sanjaya Kunder (Company Secretary).

Regulatory and Compliance Information

  • The notice is issued under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
  • The EGM is being conducted via VC/OAVM in compliance with MCA Circulars (latest: General Circular No. 03/2025) and SEBI Circulars (latest: SEBI/HO/CFD/CFD-PoD-2/P/CIR/2024/133).
  • The Scrutinizer appointed for the e-voting process is Mr. Hemang Mehta of M/s. H. M. Mehta & Associates, Practicing Company Secretaries.
  • The company has engaged Central Depository Services (India) Limited (CDSL) to provide the remote e-voting facility.
  • The notice was dispatched electronically to members on Thursday, July 2, 2026.

Shareholder Information

  • The notice is available on the company's website (www.apar.com) and the websites of BSE (www.bseindia.com) and NSE (www.nseindia.com).
  • Physical attendance of members at the EGM is dispensed with; therefore, the facility for appointing proxies is not available.
  • Detailed instructions for remote e-voting and joining the virtual EGM are provided in the notice.