Apar Industries Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 05, 2025
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Apar Industries held its 36th AGM on August 5, 2025, via video conferencing from 2:30 PM to 3:59 PM, chaired by Chairman & Managing Director Kushal N. Desai. Shareholders were asked to approve seven resolutions, including adoption of audited financial statements for FY25, declaration of a dividend of Rs. 51 per share (510% on face value of Rs. 10) for FY24-25, re-appointment of M/s. C N K & Associates LLP as statutory auditors for five years, and appointment of Rishabh Kushal Desai as Whole-Time Director for five years starting September 1, 2025. Members appreciated the management's FY25 results, ESG progress (especially carbon emission reduction), capex plans, and digital transformation efforts. Shareholders raised concerns about global headwinds including supply chain disruption, tariff impact, and geopolitical uncertainties, which the chairman addressed. Voting results will be declared within two working days.
The 510% dividend declaration signals strong FY25 profitability and rewarding shareholder return, which is positive for retail investors. The appointment of the CMD's son as Whole-Time Director indicates clear succession planning, while continued capex and expansion plans across verticals suggest management's confidence in long-term growth despite acknowledged global challenges.