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Other Electrical Equipment
Corporate Governance29 Oct 2026, 02:04 pm

Apar Industries Re-appoints Kaushal J. Sampat as Independent Director

AI Summary

Apar Industries Limited announced the re-appointment of Mr. Kaushal J. Sampat as an Independent Director for a second term of 5 years, subject to shareholder approval. This decision was made during a Board Meeting held on October 29, 2026. The Board also approved the un-audited financial results for the second quarter and half-year ended September 30, 2026, and a further investment of up to USD 100 Million in its wholly-owned subsidiary, Petroleum Specialties Pte Ltd., Singapore. Additionally, 2,720 equity shares were allotted under the company's Employee Stock Appreciation Rights Plan 2024.

Key Highlights

  • Mr. Kaushal J. Sampat re-appointed as Independent Director for a second term.
  • Board approved un-audited financial results for Q2 and H1 FY27.
  • Further investment of up to USD 100 Million approved for Singapore subsidiary.
  • 2,720 equity shares allotted under ESOP plan.