Please find enclosed intimation regarding the approval of Board for continuation of directorship of Mr. Atul Choksey (DIN: 00002102) as a Non-Executive, Non-Independent Director of the ....
APCOTEXIND · price
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Apcotex Industries reported strong FY2026 results with net profit up 87.5% year-on-year to Rs. 1,014.11 million on revenue of Rs. 14,587.42 million. The Board approved a final dividend of Rs. 5.50 per share (face value Rs. 2), subject to shareholder approval. The Board also approved continuation of Mr. Atul Choksey as Non-Executive Non-Independent Director after attaining 75 years of age, requiring shareholder approval per SEBI regulations. Additionally, the company changed its solar power acquisition target entity from Amplus Ceres Solar to Amplus Ampere Private Limited for captive power consumption, acquiring 1.275% stake for Rs. 7.2 million. The statutory auditor issued an unmodified opinion on the annual financial results.
The near-doubling of net profit demonstrates strong operational performance and cost management. The dividend increase signals confidence in cash flows. The director continuation approval is a routine governance matter for long-serving promoters aged above 75, requiring shareholder consent as per SEBI rules. The small solar investment supports the company's sustainability initiatives.