APAR Industries Limited has issued a postal ballot notice dated January 29, 2026, seeking shareholder approval for a key board appointment through remote electronic voting. The company is proposing the appointment of Mr. Pitamber Shivnani as an Independent Director, marking a significant addition to its board composition.

Postal Ballot Details and Timeline

The voting process will be conducted exclusively through remote e-voting, eliminating the traditional postal ballot forms. Key dates and parameters for the postal ballot process are outlined below:

Proposed Director Profile

Mr. Pitamber Shivnani (DIN: 05187407) brings extensive experience to the board, with nearly four decades in the transmission and distribution sector. His professional background includes:

Educational Qualifications:

• Bachelor of Engineering from University of Roorkee (1986) in Electrical Engineering with First Division Honours
• High Potential Leadership Program from Harvard Business School (2013)
• ABB Senior Leadership Development Program IV conducted by IMD

Professional Experience:

Appointment Terms and Remuneration

The proposed appointment carries specific terms and compensation structure:

Regulatory Compliance and Voting Process

The postal ballot process adheres to multiple regulatory frameworks, including Sections 108 and 110 of the Companies Act, 2013, and SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company has appointed Mr. Hemang Mehta (Membership No. FCS - 4965) as the scrutinizer to ensure fair and transparent voting.

Shareholders can access the voting platform through multiple channels:

• Direct access via CDSL e-voting website
• Through depository participant platforms for demat account holders
• Via company website at www.apar.com

The resolution requires approval as a Special Resolution, and results will be declared within two working days of the voting conclusion. The company will communicate results to stock exchanges and display them on its website and registered office.

Board Recommendation

The Board of Directors, based on the Nomination and Compensation-cum-Remuneration Committee's recommendation, has endorsed Mr. Shivnani's appointment. The board cited his extensive industry knowledge, leadership experience, and expertise in engineering, management, and corporate governance as key factors supporting the appointment. The company has confirmed that Mr. Shivnani meets all independence criteria under the Companies Act, 2013, and SEBI regulations.

APAR Industries Limited has announced its strategic entry into the telecom service business, marking a significant diversification into railway signalling and telecom infrastructure. The company disclosed this development through a regulatory filing dated January 29, 2026, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.

Major Contract Win from South Eastern Railway

The company has secured a substantial contract from South Eastern Railway following a competitive bidding process. This project involves the supply, erection, testing and commissioning of telecom towers and Optical Fiber Cable (OFC) backbone infrastructure across approximately 1,563 route kilometers.

Supporting India's Railway Modernization Initiative

This contract is part of Indian Railways' nationwide upgrade of signalling systems to enhance safety, automation, and operational efficiency. The infrastructure will support the deployment of Kavach, an indigenous Automatic Train Protection (ATP) system designed to prevent train collisions and ensure speed regulation.

The project will be executed under the Standard EPC Agreement framework adopted by Indian Railways, which emphasizes milestone-based payments and balanced risk allocation between the Authority and the Contractor.

Strategic Benefits and Future Prospects

The entry into telecom service business offers multiple strategic advantages for APAR Industries:

• Revenue Diversification: Building a scalable Telecom EPC platform capable of addressing mission-critical national projects and emerging digital connectivity needs
• Engineering Leverage: Harnessing APAR's existing engineering and project execution strengths to deploy advanced signaling, communication, and digital infrastructure systems
• Market Positioning: Contributing to India's vision for a safer, smarter, and more connected railway network through indigenous technology deployment

Investment and Execution Framework

The company has indicated that there may not be significant capital expenditure required for this project during the term of agreement. However, the estimated working capital requirement is around ₹10 crores to support the project execution.

Successful execution of this project is expected to deepen APAR's engagement with Indian Railways and position the company for future business opportunities across other railway zones. The contract also provides visibility into long-term infrastructure planning and digital transformation initiatives, expanding the company's footprint in communication infrastructure.