Apcotex Industries Limited has informed the Exchange regarding Outcome of Board Meeting held on March 27, 2026.
APCOTEXIND · price
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Apcotex Industries' board approved subscribing to a 2.55% equity 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 crore. Both are SPVs (special purpose vehicles) under Amplus Energy Solutions PTE Limited, set up for captive solar power consumption by Apcotex. The investments are small minority stakes aimed at securing long-term solar power supply for the company's own use, not for business expansion into power generation. Additionally, the board re-appointed Mr. Ravishankar Sharma as Executive Director for another 2-year term effective May 1, 2026, subject to shareholder approval at the next AGM. Mr. Sharma is a Chemical Engineer with over 35 years of experience in production and projects.
These are small, strategic minority investments (totalling about Rs 2.04 crore) intended to ensure captive solar power supply, which could help reduce future energy costs but is unlikely to materially move the stock. The director re-appointment signals continuity in management and is a routine governance matter.