Date: August 10, 2026
Board Meeting Outcomes
The Share Issue Committee of Directors of APAR Industries Limited, at its meeting held on August 10, 2026, passed the following resolutions regarding the qualified institutions placement (QIP):
- Authorized the opening of the QIP on August 10, 2026
- Approved the floor price for the Issue at ₹14,801.25 per equity share of face value ₹10 each
- Approved and adopted the preliminary placement document dated August 10, 2026 and the application form for the Issue
- Fixed August 10, 2026 as the 'Relevant Date' for the purpose of the Issue
Fundraising Details
- Issue Type: Qualified institutions placement (QIP) to qualified institutional buyers
- Legal Basis: Chapter VI of SEBI ICDR Regulations, 2018 and Sections 42 & 62 of Companies Act, 2013
- Share Face Value: ₹10 per equity share
- Floor Price: ₹14,801.25 per equity share
- Discount Allowance: Company may offer discount of not more than 5% on the floor price
- Approvals: Board approval on June 30, 2026 and special resolution by members at EGM on July 30, 2026
Meeting Details
- Meeting commenced at 5:57 p.m. and concluded at 6:08 p.m. on August 10, 2026