Gujarat Apollo Industries has provided a significant update on its strategic expansion into the road construction equipment market, announcing the successful completion of product development for its flagship offerings. The company has now advanced to the technical testing and validation phase for its asphalt mixing plants and paver finishers.

Development Milestone Achievement

The company has reported substantial progress in its product development lifecycle, with the development phase for asphalt mixing plants and paver finishers now successfully completed. The products have currently advanced to the technical testing and validation phase, which involves comprehensive trials to ensure the machinery meets stringent quality, performance, safety, and durability standards under various operating conditions.

Expanded Product Portfolio

The company's road construction equipment venture encompasses a comprehensive range of machinery essential for modern road construction projects, ensuring high quality, efficiency, and reliability. The expanded product lineup includes:

Commercial Launch Timeline

Based on the current trajectory of the testing phase and subsequent planned pre-production preparations, Gujarat Apollo Industries remains committed to its original timeline for market entry. The company is scheduled to initiate commercial sales and delivery of the new road construction equipment products in Q4 FY2026.

Strategic Market Positioning

This expansion represents Gujarat Apollo Industries' strategic diversification initiative, driven by the growth trajectory projected for the infrastructure and road development sector. The vertical aligns with the company's long-term vision for sustained growth and positions it to establish a strong presence in the specialized road construction equipment domain. The company is committed to serving the infrastructure development and road construction sectors, which are critical components of India's ongoing infrastructure growth initiatives.

Gujarat Apollo Industries Limited has announced its 38th Annual General Meeting (AGM) to be held on Tuesday, September 30, 2025, at 11:00 AM at the company's registered office. The company has also made key proposals for shareholder approval at the upcoming AGM.

Board Proposes Commission for Non-Executive Director

The Board of Directors has proposed to approve payment of commission to Mr. Anand A. Patel, a Non-Executive Director of the company. Subject to shareholder approval, Mr. Patel would receive a commission not exceeding 2.00% of the company's net profits for each financial year, for a period of three consecutive financial years starting from FY 2025-26. This commission would be in addition to the sitting fees payable for attending board and committee meetings.

Re-appointment of Independent Director

The Board has also proposed the re-appointment of Mrs. Jheel Ajay Shah as an Independent Director for a second term of five consecutive years. If approved by shareholders, Mrs. Shah's new term would run from September 28, 2025, to September 27, 2030. Mrs. Shah brings valuable experience in education, mentoring, training, and advisory services, and has connections with various educational institutions.

E-voting and Record Date

The company has set Tuesday, September 23, 2025, as the record date for determining shareholder eligibility to vote at the AGM and receive dividends, if declared. Remote e-voting will be available from September 27, 2025 (9:00 AM) to September 29, 2025 (5:00 PM). Shareholders who have not cast their votes electronically can vote through ballot papers at the AGM.

Annual Report Availability

The annual report and AGM notice have been sent to shareholders and are also available on the company's website, as well as on the websites of BSE Limited, National Stock Exchange of India Limited, and Central Depository Services (India) Limited.

Shareholders are encouraged to participate in the voting process and attend the AGM to stay informed about the company's performance and future plans.