Apar Industries to Invest Additional USD 5 mio in Wholly Owned Subsidiary and Up to INR 10.76 Crores in Associate Company for Wind and Solar Hybrid Power Generation

Apar Industries Ltd has approved additional investment in its Wholly Owned Subsidiary, APAR USA LLC, by making further capital contribution of an amount not exceeding USD 5 mio. The company also proposed Shareholders’ Agreement and Energy Supply Agreement and other relevant agreements for availing another wind and solar hybrid power generation facilities with additional investment up to INR 10.76 crores in its Associate Company, Clean Max Rudra Private Limited. This investment is aimed at expanding the business needs of its Product lines viz., conductors and cables. The fund infusion is proposed to be made in the current FY 2025-26 or in the following Financial Year, in single / multiple tranche/s. Apar Industries will hold 26% stake in the SPV and Promoter-shareholders will hold 74% in the SPV on fully diluted basis.