Apar Industries Ltd

APAR Industries Limited Trading Window Closure from Oct 1, 2026 till 48 hours after the declaration/publication of Unaudited Financial Results for Q2 & Half-year ended Sep 30, 2026 (FY 2026-27).

KYC and demat compliance

• Reminds physical-shareholders to furnish PAN, KYC, bank details, and nomination.
• Dividend/interest may be withheld until mandatory KYC fields are updated.
• Interim dividends credited if PAN, nomination, and contact details updated after April 1, 2024.
• Special window for demat transfers of pre-2019 physical shares from Feb 5, 2026 to Feb 4, 2027.
• Process to dematerialise shares via MUFG Intime India Private Limited (RTA) outlined.
• Transfer of shares in physical form is not permitted since April 1, 2019.
• Company website will host updated KYC status for shareholders.
• CBDT instruction to link PAN and Aadhaar referenced.

AGM details

• AGM held Monday, 21 September 2026 at 2:30 p.m. via Video Conferencing.

e-voting results

• e-voting results filed under Regulation 44 of SEBI LODR.
• Consolidated Scrutinizer report on remote and e-voting submitted.
• Results uploaded on the company website and CDSL evoting platform.

Filing authority

• Company Secretary signed the filing.

AGM Details

• Date/time: 21 Sep 2026, 2:30 PM IST; mode: VC.
• Duration: 2:30 PM to 3:23 PM IST.
• Quorum and attendance confirmed; meeting conducted via VC.

Ordinary resolutions

• Adoption of audited standalone and consolidated financial statements for FY2025-26.
• Dividend declaration at ₹60 per share.
• Re-appoint director retiring by rotation.

Special resolutions

• Remuneration approval for Cost Auditors for FY2026-27.

Director changes

• Director retiring by rotation to be re-appointed.

Auditors

• Remuneration approved for Cost Auditors FY2026-27.

Voting results

• Outcome of resolutions not disclosed in the filing.

Subsidiary name change

• Name change of APAR Industries Latam Ltda to APAR BRAZIL LTDA; certificate dated 18 Sep 2026.

Rating Action

• Long-term/short-term bank facilities rated CARE AA; Stable / CARE A1+.

Instruments & Ratings

• Long-term/short-term bank facilities: CARE AA; Stable / CARE A1+.
• Term loan (long-term): CARE AA; Stable.

Rationale

• Strengthened business profile with growth in scale and improved profitability.
• QIP of ₹2,500 crore strengthened capital base; leverage and liquidity expected to improve.
• Order book and diversified product mix support medium-term revenue visibility.

Outlook

• Stable.

Key Financials

• FY26 revenue ₹22,902 crore; PBILDT ₹1,922 crore; PAT ₹977 crore.

Liquidity & Capital Structure

• Gross cash accruals ₹1,136 crore; cash and investments ₹713 crore.
• QIP improves headroom for working capital, reducing LC reliance.

Risks

• Working-capital intensity; exposure to raw-material and FX volatility.

Material Change Since Last Rating

• LT rating upgrade from CARE AA-; Stable; QIP completion Aug 2026.

Sensitivity

• Positive: maintain TOL/TNW ≤ 1.00x; Negative: TOL/TNW > 1.25x sustained.

ESG Context

• Board of 7 with 4 independents; ESG initiatives disclosed and aligned with TCFD.

Record Date & AGM Details

• Record date for entitlement: Monday, September 14, 2026.
• 37th AGM to be held Sept 21, 2026 via VC/OAVM.
• Dividend entitlement: Rs 60 per equity share for FY 2025-26.
• Dividend, if approved, will be paid/dispatched within statutory period.

AGM Details and Key Governance Matters

• Date/time/mode: 21 Sep 2026, 2:30 PM IST, VC/OAVM.
• Record date for entitlement: 14 Sep 2026.
• Adoption of standalone and consolidated financial statements.
• ESAR 2024 plan approved; pool 15,90,464.
• Re-appointment of Chaitanya N. Desai by rotation.
• Remuneration to Cost Auditor for 2026-27 up to ₹145,000.
• Final dividend proposed at ₹60 per share (₹241.01 crore).
• Postal ballot: Pitamber Shivnani Independent Director; 99.95% in favour.
• Rishabh Kushal Desai appointed Whole-Time Director from 1 Sep 2025.
• Statutory auditors: CNK & Associates LLP; report dated 28 May 2026.