APAR Industries Limited has disclosed that its promoters and promoter group members have not created any encumbrance on the company's shares during the financial year ended March 31, 2026. The declarations were submitted to the stock exchanges and the company's Audit Committee in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The disclosures were made by key promoter personnel, including Kushal N. Desai, the Promoter – Chairman and Managing Director & CEO, and Chaitanya N. Desai, the Promoter – Managing Director. Both confirmed that neither they nor persons acting in concert had encumbered any shares directly or indirectly throughout FY26. Rishabh K. Desai, a Whole Time Director and member of the Promoter Group, also provided a similar declaration.

Promoter Group Disclosures

In addition to the individual promoters, several members of the promoter group submitted their declarations. Maithili N. Desai, a member of the Promoter Group holding nil shares, confirmed the absence of encumbrance. Other individual members including Gaurangi Y. Mehra, Noopur K. Desai, Jinisha C. Desai, and Devharsh C. Desai also filed similar confirmations for the period ending March 31, 2026.

The following table summarizes the key individuals who submitted the declarations:

Trust and Entity Declarations

Several family trusts and private entities associated with the promoter group also filed the requisite declarations. APAR Corporation Private Limited, Maithili N. Desai Family Private Trust, and Maithili Trusteeship Services Private Limited confirmed that no shares were encumbered during the financial year. Other trusts such as the Kushal N. Desai Family Private Trust and Chaitanya N. Desai Family Private Trust submitted similar confirmations.

Furthermore, partnership firms and foundations within the group, including Srinivas Balajee Enterprise, Nadiad Innvotek Foundation, Haribol Food Private Limited, and Krishna Balaram Enterprise, declared that they held no encumbrance on the shares of APAR Industries Limited. All declarations were addressed to BSE Limited, National Stock Exchange of India Limited, and the Audit Committee of the Board of Directors of the target company.

APAR Industries Limited has successfully published newspaper advertisements on May 1, 2026, regarding the special window for re-lodgement of transfer requests of physical shares, fulfilling its regulatory obligations under SEBI circular dated January 30, 2026.

Regulatory Filing and Publication Details

The company filed intimation SEC/0105/2026 with both National Stock Exchange of India Limited and BSE Limited on May 1, 2026, confirming the newspaper publication. The formal filing was submitted pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Special Window Framework

The special window initiative provides eligible investors with an opportunity to transfer physical securities and complete dematerialization processes that were previously incomplete. This facility addresses regulatory requirements following SEBI's directive to facilitate investors and safeguard their rights.

Eligibility Criteria and Documentation

The special window applies specifically to physical securities executed prior to April 1, 2019, accompanied by legally valid and complete documentation, with no ownership disputes. The facility covers transfer requests that were previously rejected, returned, or not attended due to document deficiencies or procedural gaps.

Eligible investors must submit comprehensive documentation including original physical share certificates, duly executed transfer deeds from before April 1, 2019, proof of purchase where available, complete KYC documents as prescribed by SEBI, Client Master List of the transferee's demat account, and undertaking-cum-indemnity forms.

Registrar and Transfer Agent Information

Applications must be submitted to the company's designated Registrar and Share Transfer Agent during the special window period:

All securities processed under this special window will be credited exclusively in dematerialized form, with no physical certificates being reissued. The transferred securities will be subject to a mandatory lock-in period of one year from the date of registration of transfer, during which they cannot be transferred, pledged, hypothecated, lien-marked, or otherwise dealt with in any manner.