Apcotex Industries has received a penalty order from the Assistant Commissioner of State Tax, INV-C, Mumbai, Maharashtra, imposing a penalty of ₹4.32 lakh related to GST investigation parameters. The order pertains to the period from April 2018 to March 2019 and involves alleged violations under the Maharashtra GST Act 2017, IGST Act 2017, and CGST Act 2017.

Order Details and Financial Impact

The tax authority's order encompasses multiple financial components beyond the penalty amount. The complete demand structure includes tax liability, interest charges, and penalty provisions for the Financial Year 2018-19.

Nature of Alleged Violations

The order specifies that Apcotex Industries had allegedly availed blocked credit under Section 17(5) and ineligible Input Tax Credit (ITC) under applicable provisions of multiple GST Acts. The violations relate to credit claims that the tax authorities consider inadmissible under the regulatory framework governing GST compliance.

Timeline and Communication

The company received the official communication from the tax authority on December 29, 2025, at 21:38 hours. This disclosure has been made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates timely disclosure of material events.

Company's Response and Next Steps

The company is currently reviewing the order details and will determine its response strategy based on legal counsel recommendations. Management has indicated that the order is not expected to have any material financial impact on the company's operations or financial position.

Regulatory Compliance

This disclosure fulfills the company's obligations under SEBI listing regulations, specifically Regulation 30 read with sub-para 20, Para A, which requires listed entities to inform stock exchanges about material events that could impact investor decisions. The company has provided comprehensive details about the authority involved, nature of violations, and potential business impact as mandated by regulatory requirements.

Apcotex Industries Limited has announced a promoter group share transfer involving the acquisition of 4,000 equity shares through an inter-se transfer arrangement. The transaction, completed on December 10, 2025, represents a gift transfer between promoter group members without any monetary consideration.

Transaction Details

Janaki Parekh, a promoter group member of Apcotex Industries Limited, acquired 4,000 equity shares from Rita Ashok Parekh, another promoter group member. The transfer was executed as an inter-se arrangement by way of gift, with no financial consideration involved in the transaction.

Shareholding Changes

The transaction resulted in changes to the shareholding pattern of both promoter group members. Janaki Parekh's stake in the company increased, while Rita Ashok Parekh's shareholding decreased correspondingly.

The acquired shares represent 0.01% of the diluted share capital of Apcotex Industries Limited.

Company Share Capital Structure

According to the regulatory filing, Apcotex Industries Limited maintains a consistent equity share capital structure before and after the transaction.

Promoter Group Holdings

The overall promoter and promoter group shareholding in Apcotex Industries Limited remains substantial at 58.23% of the total share capital. The promoter group includes various individual and corporate entities, with the largest individual shareholders being Parul Atul Choksey (14.27%), Atul Choksey (13.27%), and Abhiraj Choksey (13.21%).

Regulatory Compliance

The disclosure was made pursuant to Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquirer is exempted from making an open offer under the relevant SEBI regulations governing inter-se transfers among promoter groups.

The company filed the necessary disclosure with stock exchanges on December 10, 2025, meeting the timeline requirements specified under the regulations. Apcotex Industries Limited's shares are listed on BSE (Scrip Code: 523694) and National Stock Exchange of India Limited (Symbol: APCOTEXIND).

Summary

This inter-se transfer represents a routine promoter group transaction that maintains the overall promoter shareholding while redistributing shares among family members. The gift transfer mechanism is commonly used for estate planning and wealth management purposes within promoter families, executed without impacting the company's operational or financial position.