APAR Industries Limited has filed its quarterly compliance certificate with stock exchanges for the quarter ended March 31, 2026, in accordance with SEBI regulatory requirements. The submission fulfills obligations under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018.

Regulatory Compliance Filing

The company submitted the compliance certificate to both major Indian stock exchanges on April 8, 2026. The filing includes confirmation from MUFG Intime India Private Limited, formerly Link Intime India Private Limited, which serves as the company's Registrar & Transfer Agent.

Certificate Confirmation

MUFG Intime India Private Limited confirmed that securities received from depository participants for dematerialisation during Q4FY26 were properly processed according to regulatory standards. The registrar verified that:

• All securities received for dematerialisation were confirmed or rejected to depositories within prescribed timelines
• Security certificates were mutilated and cancelled after due verification by depository participants
• Depository names were substituted in the register of members as registered owners
• Securities comprised in certificates have been listed on stock exchanges where previously issued securities are listed

Regulatory Framework

The filing demonstrates APAR Industries' compliance with SEBI's depository regulations, which govern the dematerialisation process and participant responsibilities. Regulation 74(5) requires companies to submit quarterly certificates confirming proper handling of securities processing through their registrar and transfer agents.

Corporate Governance

Company Secretary Sanjaya Kunder signed the submission on behalf of APAR Industries Limited, while Ashok Shetty, Sr. Vice President-Corporate Registry at MUFG Intime India, authenticated the confirmation certificate. The systematic filing reflects the company's commitment to maintaining regulatory compliance and transparent corporate governance practices.

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.