Apcotex Industries Limited has completed the acquisition of 7,20,000 equity shares representing 1.275% stake in Amplus Ampere Private Limited from NRB Bearings Limited. The transaction was completed on 31st October 2026 for a total consideration of ₹72,00,000 (Rupees Seventy Two Lakhs Only).

Acquisition Details

  • Target Entity: Amplus Ampere Private Limited, a subsidiary of Amplus Energy Solutions PTE Limited
  • Transaction Type: Cash consideration acquisition of equity shares
  • Number of Shares: 7,20,000 equity shares of face value ₹10 each
  • Percentage Stake: 1.275% equity stake acquired
  • Total Consideration: ₹72,00,000
  • Completion Date: 31st October 2026

Corporate Structure and Relationship

  • The acquisition does not qualify as a related party transaction
  • Amplus Ampere Private Limited is a Special Purpose Vehicle (SPV)
  • Promoter/promoter group companies have no interest in the acquired entity
  • Transaction conducted at arm's length

Business Context

  • Industry: Power Sector
  • Purpose: Captive consumption of solar power generated by Amplus Ampere Private Limited
  • Strategic Rationale: The acquisition supports the company's energy consumption needs through solar power generation

Regulatory Aspects

  • No governmental or regulatory approvals required for the acquisition
  • Disclosure made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Specifically under sub-para (I) i.e. Acquisition(s) (including agreement to acquire) of Para (A) of Part (A) of Schedule III

Target Company Background

  • Name: Amplus Ampere Private Limited
  • Date of Incorporation: 26th March 2021
  • Business: Power sector operations (solar power generation)
  • Geographic Presence: India
  • Financial Performance:
  • FY 2025-26 Turnover: ₹1,72,451 (in thousands) [₹17.25 crore]
  • FY 2024-25 Turnover: Not disclosed
  • FY 2023-24 Turnover: Not disclosed

Transaction Documentation

  • This disclosure is in continuation of earlier intimation dated 22nd October 2026 regarding execution of Sale and Purchase of Shares Agreement
  • Agreement parties included NRB Bearings Limited, Amplus Energy Solutions PTE Ltd and Amplus Ampere Private Limited