APAR Industries has delivered a strong financial performance in the third quarter, with consolidated net profit showing significant year-on-year improvement. The company's latest results reflect robust operational execution and business growth across its portfolio.

Financial Performance Overview

The company reported consolidated net profit of ₹2.09 billion for the third quarter, representing a substantial increase from the ₹1.75 billion recorded in the same period last year. This performance indicates the company's ability to maintain growth momentum and enhance profitability.

Year-on-Year Growth Analysis

The 19.4% year-on-year growth in consolidated net profit demonstrates APAR Industries' continued progress in strengthening its financial position. This improvement reflects the company's strategic initiatives and operational improvements implemented over the past year.

The positive financial trajectory showcases the company's resilience and ability to capitalize on market opportunities while maintaining efficient cost management practices. The substantial profit growth indicates strong underlying business fundamentals and effective execution of the company's growth strategy.

APAR Industries Limited has announced the grant of 21,399 Employee Stock Appreciation Rights (ESARs) to eligible employees under its comprehensive employee incentive program. The company's Nomination and Compensation-cum-Remuneration Committee (NCRC) approved this grant on January 29, 2026, as part of the "APAR Industries Limited – Employees Stock Appreciation Rights Plan 2024."

ESAR Grant Details

The granted ESARs represent a maximum of 21,399 equity shares with a face value of Rs. 10 each. The committee has structured the plan to ensure compliance with regulatory requirements while providing meaningful incentives to employees.

Vesting and Exercise Framework

The ESAR plan incorporates a structured timeline for vesting and exercise to align employee interests with long-term company performance. The vesting period extends to a maximum of 4 years from the grant date, providing employees with a reasonable timeframe to earn their rights.

Regulatory Compliance and Administration

The ESAR 2024 plan operates in full compliance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The Nomination and Compensation-cum-Remuneration Committee administers the plan and determines eligibility based on performance parameters outlined in the scheme.

Key administrative features include:

• Grant eligibility based on specified performance criteria
• Provisions for handling ESARs in cases of death, permanent incapacity, resignation, termination, or retirement
• Structured approach to ensure regulatory compliance
• Committee oversight for fair and transparent administration

Meeting and Disclosure Details

The NCRC meeting that approved the ESAR grant concluded at 12:42 p.m. IST on January 29, 2026. The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI Listing Regulations by informing both the National Stock Exchange of India Limited and BSE Limited about this development.

This ESAR grant represents APAR Industries' continued commitment to employee retention and motivation through equity-linked compensation structures. The plan's design reflects the company's focus on aligning employee rewards with long-term shareholder value creation while maintaining strict adherence to regulatory frameworks.