Apcotex Industries Limited has informed the Exchange regarding Re-appointment of Ravishankar Sharma as Executive Director of the company for a term of 2 years w.e.f. May 01, 2026. The re-appointment is subject to approval of shareholders in the ensuing AGM of the Company.
APCOTEXIND · price
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The board of Apcotex Industries approved investments in two solar power Special Purpose Vehicles (SPVs) for captive consumption of solar energy. The company will subscribe to a 2.55% stake in Amplus Ceres Solar Private Limited for Rs 72 lakhs and a 2.14% stake in Amplus Energy One Private Limited for Rs 1.32 crores, both subsidiaries of Amplus Energy Solutions PTE Limited. Both entities are newly formed SPVs that have not yet started operations. Separately, the board re-appointed Mr. Ravishankar Sharma as Executive Director for a 2-year term from May 1, 2026 to April 30, 2028, subject to shareholder approval at the upcoming AGM. He is a Chemical Engineer with over 35 years of experience in production and projects, and is not related to any existing director.
The solar investments are small in size (under Rs 2.1 crores combined) and represent a routine step toward renewable energy for the company's own use rather than a major business shift. The director re-appointment signals leadership continuity. Neither item is likely to materially impact the stock price.