Apcotex Industries has announced comprehensive board meeting outcomes, approving strategic investments in two solar power companies and key management decisions. The board meeting held on March 27, 2026, approved Power Purchase Agreements and equity subscriptions totaling ₹2.04 crores across two renewable energy projects.

Dual Solar Power Investments

The company's board has approved equity subscriptions in two separate solar power companies, marking a significant expansion into the renewable energy sector. These investments involve Power Purchase Agreements and Share Subscription Cum Shareholders Agreements with established solar energy developers.

Strategic Objectives

Both investments are structured for captive consumption of solar power generated by the respective companies. Amplus Ceres Solar Private Limited and Amplus Energy One Private Limited are subsidiaries of Amplus Energy Solutions PTE Limited, operating as Special Purpose Vehicles in the power sector.

The acquisitions represent strategic moves to secure renewable energy supply for Apcotex Industries' operations while gaining equity participation in India's expanding solar power market. Both target companies are incorporated under Indian laws but have not yet commenced business operations.

Leadership Continuity

The board also approved the re-appointment of Mr. Ravishankar Sharma as Executive Director for a two-year term effective from May 1, 2026, to April 30, 2028. Mr. Sharma, a Chemical Engineer with over 35 years of experience in Production and Projects, will continue his leadership role subject to shareholder approval at the upcoming Annual General Meeting.

These strategic decisions reflect Apcotex Industries' commitment to sustainable energy solutions and operational continuity, positioning the company for growth in both its core business and renewable energy initiatives.

Apcotex industries Limited has announced a Board of Directors meeting scheduled for March 27, 2026, to deliberate on the company's general business operations. The announcement was made through official communication to stock exchanges on March 20, 2026.

Meeting Details

The board meeting has been convened to consider, review and approve various aspects of the company's general business operations. The meeting notice was formally communicated to both major stock exchanges where the company is listed.

Regulatory Compliance

The company has fulfilled its regulatory obligations by informing the National Stock Exchange of India and BSE Limited about the upcoming board meeting. This notification aligns with the requirements under Regulation 29, ensuring transparency and proper disclosure to stakeholders.

The communication was signed by Drigesh Mittal, Head - Company Secretary & Legal, and digitally authenticated on March 20, 2026. The company has requested both exchanges to maintain records of this scheduled meeting.

Company Operations

Apcotex Industries Limited operates from multiple locations across Maharashtra. The company maintains its registered office in Navi Mumbai, corporate office in Mumbai's Backbay Reclamation area, and manufacturing facility at the MIDC Industrial Area in Taloja, Raigad district.