Apar Industries Limited has announced the opening of a special window for re-lodgement of physical share transfer requests, providing shareholders with another opportunity to complete pending transfers that were previously rejected or returned due to documentation deficiencies.

Regulatory Compliance and Background

The initiative follows SEBI circular SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/97 dated July 2, 2025, which mandated the opening of this special window. The circular addresses transfer deeds that were lodged prior to the April 1, 2019 deadline but were subsequently rejected, returned, or not attended to due to deficiencies in documents, processes, or other issues.

Shareholder Eligibility

The special window specifically targets shareholders who had transfer deeds lodged before April 1, 2019 but faced rejection or return due to various deficiencies. These shareholders, who missed the opportunity to re-lodge their requests before the March 31, 2021 cut-off date, are now granted one more opportunity to complete their transfer requests.

Public Notification and Compliance

APAR Industries has fulfilled its disclosure obligations by publishing detailed information about the special window in leading newspapers. The company selected Business Standard and Vadodara Samachar for the publication on December 10, 2025, ensuring wide dissemination of the information to stakeholders.

Exchange Communication

The company has formally communicated this development to both major stock exchanges where its shares are listed. The notification was sent to the National Stock Exchange of India Limited and BSE Limited, with specific reference to the company's scrip symbols and codes for proper identification and record-keeping.

Corporate Secretary Confirmation

Sanjaya Kunder, Company Secretary of APAR Industries Limited, has signed off on the communication, confirming the submission to exchanges for record and dissemination purposes. The submission aligns with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, as amended from time to time, ensuring full regulatory compliance in the disclosure process.

Apar Industries , a leading player in the power transmission and distribution sector, has announced a significant development for its wholly-owned subsidiary, APAR Transmission & Distribution Project Private Limited (ATDPPL). The company has been selected by Karnataka Power Transmission Corporation Limited (KPTCL) to operate, maintain, and monetize their existing 6,100 km OPGW (Optical Ground Wire) fiber network for a period of 15 years.

Key Contract Details

• Network Scope: ATDPPL will be responsible for the operation, maintenance, and monetization of KPTCL's 6,100 km OPGW fiber network.
• Contract Duration: The agreement spans 15 years.
• Financial Arrangement:
  • ATDPPL will pay an annual network rental of Rs. 5.00 crore to KPTCL.
  • Revenue sharing model: 60% for ATDPPL and 40% for KPTCL.

Strategic Implications

This contract marks Apar Industries' entry into the dark fiber monetization business, allowing the company to market network capacity to telecom service providers. The move is seen as a strategic step for Apar Industries to diversify its operations and create a new, recurring revenue stream in the passive communication infrastructure segment.

Industry Context

OPGW fiber networks are highly valued in the telecom industry due to their reliability and high network uptime. The demand for such networks is particularly strong among telecom service providers, leading to higher utilization rates for OPGW fiber networks.

Company's Perspective

Chaitanya N. Desai, Managing Director of Apar Industries, stated in the company's regulatory filing, "This opportunity will allow APAR to become a data connectivity solution provider to its Telecom customers in the state of Karnataka." He further added that this diversification marks a strategic step forward for Apar Industries to enter the niche segment of brownfield OPGW infrastructure in India.

Financial Implications

While the company has not provided specific revenue projections, it expects that the benefits from this contract will exceed the minimum costs over the agreement period. The project does not require any capital expenditure from ATDPPL for the term of the agreement, making it an asset-light expansion into a new business segment.

Market Response

The announcement of this contract win could potentially be viewed positively by investors, as it represents a new growth avenue for Apar Industries. The company's ability to leverage its existing relationships with telecom and data center companies across India may provide a competitive advantage in this new business segment.

Conclusion

Apar Industries' expansion into the dark fiber monetization business through its subsidiary ATDPPL represents a significant step in the company's growth strategy. By leveraging its expertise in the T&D segment and its relationships with telecom customers, Apar Industries is positioning itself to capture opportunities in the evolving digital infrastructure landscape of India.