Apcotex Industries Limited has informed the Exchange about Acquisition
APCOTEXIND · price
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Apcotex Industries' Board approved subscribing to minority equity stakes in two solar power Special Purpose Vehicles (SPVs) for captive renewable energy use. The company will acquire 2.55% in Amplus Ceres Solar Private Limited for Rs. 72 Lakhs and 2.14% in Amplus Energy One Private Limited for Rs. 1.32 Crores, totalling about Rs. 2.04 Crores. Both targets are subsidiaries of Amplus Energy Solutions PTE Limited and are newly incorporated SPVs that have not yet started operations. The deals are not related party transactions and will be funded through cash equity subscription, alongside entering into Power Purchase Agreements (PPAs). Separately, the Board re-appointed Mr. Ravishankar Sharma as Executive Director for another two years effective 1st May 2026, subject to shareholder approval.
The acquisitions are small in size and primarily aimed at securing captive solar power to support the company's energy needs, signalling a step towards renewable energy adoption. Financial impact on shareholders is minimal given the modest investment size, and the re-appointment provides continuity in leadership.