APAR Industries Limited has informed the Exchange regarding Additional investment in its Wholly Owned Subsidiary namely APAR USA LLC (Formerly CEMA Wires & Cables LLC), USA, by making further capital contribution of an amount not exceeding USD 5 mio. in the Board Meeting held on March 18, 2026.
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Apar Industries' board, meeting on March 18, 2026, approved two transactions. First, the company will make an additional capital contribution of up to USD 5 million (about Rs. 42-43 crore) into its wholly owned US subsidiary APAR USA LLC (formerly CEMA Wires & Cables LLC), which is focused on conductors and cables and reported nil turnover in the last three years. Second, the company signed a Shareholders' Agreement and Energy Supply Agreement with associate company Clean Max Rudra Private Limited to set up an additional wind-solar hybrid power facility in Gujarat (9.90 MVA wind + 7.34 MWp solar) at Kalikanagar, Rajkot, involving further investment of about Rs. 10.76 crore to maintain its 26% stake in the special purpose vehicle. The existing SPV already has Apar's Rs. 11.38 crore investment covering three turbines.
These are routine growth investments — the US infusion funds subsidiary expansion in core conductor/cable lines, while the renewable energy deal strengthens Apar's green power sourcing at no significant capital strain. No immediate material impact on share price expected, though it signals continued international and sustainability-focused capital deployment.