APAR Industries has announced two significant investment approvals by its board of directors during a meeting held on March 18, 2026, marking strategic expansion in both international operations and renewable energy sectors. The company has filed the necessary disclosures under Regulation 30 of the SEBI (LODR) Regulations, 2015, with both NSE and BSE.

Board Meeting Outcomes

The board meeting, which commenced at 14:32 hours (IST) and concluded at 14:45 hours (IST), considered and approved two major investment transactions. The regulatory filing was submitted under reference number SEC/1803/2026.

US Subsidiary Investment

The board has approved an additional investment of up to $5 million in APAR USA LLC (formerly CEMA Wires & Cables LLC), the company's wholly owned subsidiary. This represents a continued commitment to strengthening the company's presence in the US market for conductors and cables business.

The subsidiary, originally incorporated as CEMA WIRES & CABLES INC, was converted to LLC on August 10, 2023, and renamed to APAR USA LLC in September 2025. The entity has reported nil turnover for the past three financial years (2022-23, 2023-24, and 2024-25). The fund infusion is proposed to be completed in the current FY 2025-26 or the following financial year, subject to necessary approvals under the Foreign Exchange Management Act, 1999.

Renewable Energy Investment

In a parallel decision, the board approved an investment of ₹10.76 crores in Clean Max Rudra Private Limited, an associate company. This investment targets wind and solar hybrid power generation facilities at Kalikanagar, Rajkot, Gujarat.

This represents an additional investment, as APAR has already invested ₹11.38 crores for 26% stake in three existing turbines. The company will maintain its 26% shareholding in the expanded project on a fully diluted basis. The transaction involves proposed Shareholders' Agreement and Energy Supply Agreement for the hybrid power generation facilities.

Strategic Implications

These dual investments reflect APAR Industries' strategic approach to diversification and expansion. The US subsidiary investment strengthens international operations in the conductors and cables segment, while the renewable energy investment positions the company in the growing clean energy sector. The wind and solar hybrid power generation facilities represent a modern approach to renewable energy infrastructure, combining multiple clean energy sources for enhanced efficiency.

The investments fall under related party transactions, with the US subsidiary being wholly owned and the renewable energy project being an associate company. Both transactions are conducted at arm's length basis, ensuring compliance with regulatory requirements.

APAR Industries Limited has successfully concluded its postal ballot process through e-voting, announcing results that demonstrate strong shareholder confidence in the company's governance decisions. The company has now submitted the official scrutinizer report and voting results to both NSE and BSE, completing all regulatory requirements under Regulation 44 of SEBI Listing Regulations.

Official Regulatory Filing and Compliance

The company filed its comprehensive postal ballot results on March 16, 2026, through official communication (SEC/1603/2026) to both stock exchanges. The filing included the complete scrutinizer report prepared by Mr. Hemang Mehta, Proprietor of H. M. Mehta & Associates, Practicing Company Secretaries, who supervised the entire e-voting process.

Postal Ballot Results Overview

The postal ballot focused on a special resolution for the appointment of Mr. Pitamber Shivnani (DIN: 05187407) as an Independent Director (Non-Executive) of the company. The resolution received exceptional shareholder support, reflecting confidence in the proposed board composition.

Director Appointment Details

Mr. Pitamber Shivnani has been appointed as an Independent Director (Non-Executive) of the company, not liable to retire by rotation. The appointment is effective from January 29, 2026, for a term of up to 5 consecutive years. This appointment aligns with the provisions of Sections 149, 150, 152 read with Schedule IV of the Companies Act, 2013, and SEBI Listing Regulations.

Category-wise Voting Breakdown

The voting results showed strong support across all shareholder categories:

Scrutinizer Report and Process Validation

The scrutinizer report confirmed that all regulatory requirements were met during the e-voting process. The votes were unblocked in the presence of two independent witnesses - Mr. Parth Nashikkar and Ms. Harita Patel, who are not employed by the company. The scrutinizer verified the entire process and confirmed the resolution was passed with requisite majority.

Documentation and Accessibility

The company has fulfilled all regulatory requirements by submitting the results to both NSE (Scrip Symbol: APARINDS) and BSE (Scrip Code: 532259). The e-voting results and scrutinizer's report dated March 16, 2026, have been uploaded on the company's website at www.apar.com and the e-voting agency's website at www.evotingindia.com for member access.

The successful completion of this postal ballot process demonstrates APAR Industries' commitment to transparent corporate governance and regulatory compliance, while the overwhelming shareholder support reflects confidence in the company's strategic direction and board composition.