Apcotex Industries Limited has filed a comprehensive disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, regarding an inter-se transfer of 4,000 equity shares among promoter group members. Rita Ashok Parekh acquired the shares from Mrs. Rita Ashok Parekh and Janaki Parekh without any monetary consideration on 18th March 2026.

Transaction Overview

The share transfer was executed as an inter-se arrangement among promoter group members, with Rita Ashok Parekh consolidating her shareholding through acquisition from other promoter entities. The transaction was completed without consideration, representing an internal reorganization within the promoter group structure.

Shareholding Impact

The inter-se transfer resulted in changes to Rita Ashok Parekh's shareholding pattern within the promoter group. Her consolidated holding shows 3,15,250 shares representing 0.61% of the total share capital, while maintaining the overall promoter group shareholding at 58.23%.

Company Capital Structure

Apcotex Industries Limited has an equity share capital of Rs. 10,36,89,920 comprising 5,18,44,960 equity shares of Rs. 2.00 each. The company's shares are listed on BSE Limited with scrip code 523694 and on National Stock Exchange of India Limited with symbol APCOTEXIND.

Regulatory Compliance

The transaction was conducted under Regulation 10(1)(a)(i) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which provides exemption from making an open offer for inter-se transfers among promoter group members. The formal disclosure was filed with both stock exchanges in the prescribed format, meeting all regulatory timeline requirements.

The comprehensive disclosure includes detailed annexures showing the complete shareholding pattern of all 31 promoter group entities before and after the transaction, ensuring full transparency and regulatory compliance. The filing demonstrates the company's commitment to maintaining proper corporate governance standards and regulatory adherence.

Apcotex Industries Limited has received an Income Tax order imposing a penalty of Rs. 1,01,90,510/- from the National Faceless Appeal Centre (NFAC) for Financial Year 2016-17. The company disclosed this development under Regulation 30 of the SEBI Listing Regulations on March 13, 2026.

Income Tax Order Details

The order was passed under Section 250 of the Income Tax Act, 1961, against the assessment order under Section 147 read with Section 143(3) for Assessment Year 2017-18. The penalty relates to additions made on account of certain transactions entered during the Financial Year 2016-17.

Nature of Alleged Violation

The Income Tax Department has alleged non-reporting of certain transactions entered during FY 2016-17 by the erstwhile Apcotex Solutions India Private Limited. This entity was subsequently merged into Apcotex Industries Limited, making the current company liable for the penalty.

The order stems from an assessment under Section 147 read with Section 143(3) of the Income Tax Act, which deals with income escaping assessment and regular assessment procedures respectively.

Company's Response and Impact Assessment

Apcotex Industries stated that it is currently evaluating the order and will decide on its further course of action based on legal counsel's advice. The company has indicated that it does not expect the order to have any material financial impact on its operations.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with sub-para 20, Para A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed companies to disclose material events including tax orders, penalties, and fines imposed by regulatory authorities.

The company has fulfilled its disclosure obligations by informing both the National Stock Exchange of India Limited and BSE Limited about the Income Tax order within the prescribed timeframe.