Apar Industries Limited Approves Additional Investment in Subsidiary and Associate Company
March 18, 2026 – Apar Industries Limited announced that its Board of Directors approved several transactions at a meeting held today, March 18, 2026.The board authorized an additional investment of up to USD 5 million in its wholly-owned subsidiary, APAR USA LLC (formerly CEMA Wires & Cables LLC), based in the USA. APAR USA LLC reported nil turnover for FY 2024-25.
Additionally, the board approved a proposed Shareholders' Agreement and Energy Supply Agreement, along with other relevant agreements, for availing wind and solar hybrid power generation facilities. This initiative involves an investment of up to Rs. 10.76 crores in the company’s associate, Clean Max Rudra Private Limited.
Apar Industries Limited currently holds a 26% stake in Clean Max Rudra Private Limited, with Clean Max Enviro Energy Solutions Private Limited holding the remaining 74%. The additional investment will bring the Company’s stake to 26% of the expanded paid-up capital of the SPV.
The Board meeting commenced at 2:32 PM IST and concluded at 2:45 PM IST.
| Particulars | Details | ||
|---|---|---|---|
| Sr. No. | 1 | Name of the target entity, details in brief such as size, turnover etc. | Name of the Entity: APAR USA LLC, Wholly Owned Subsidiary (WOS), reported Nil turnover for FY 2024-25. |
| 2 | Whether the acquisition would fall within related party transaction(s) and whether the promoter/ promoter group/group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at 'arm's length'; | The Company is proposing a further capital contribution and as such there is no acquisition of an entity. However, this fund infusion falls under the ambit of Related Party Transactions. Except to the extent of contribution made by the Company as a sole member in WOS and the common Directorship of Mr. Rishabh Desai, the promoters/ promoter group /group companies of the Company have no interest in WOS. |
| Sr. No. | Particulars | Details | |
|---|---|---|---|
| 1 | Name(s) of parties with whom the agreement is entered. | APAR Industries Limited (APAR), Clean Max Rudra Private Limited, a Special Purpose Vehicle and Associate Company of APAR ('SPV and Associate Company') which is the Generator and Clean Max Enviro Energy Solutions Private Limited, Promoter Shareholder of SPV Company. |
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