Apex Ecotech Limited Approves Borrowing and Investment Enhancements, Plans EGM
Apex Ecotech Limited announced several key corporate actions following its Board Meeting held on April 09, 2026. The Board considered and approved enhancements to the company's borrowing and investment limits, alongside approving an Employee Stock Option Plan for 2026 and setting the date for an Extraordinary General Meeting (EGM).The Board approved the enhancement of borrowing powers of the Company up to ₹100 Crore (Rupees One Hundred Crore only). This enhancement is in excess of the aggregate of the company's paid-up share capital, free reserves and securities premium, and is subject to approval from the shareholders via a Special Resolution at the ensuing EGM.
Furthermore, the company's limits for making investment(s), giving loan(s), guarantee(s), or providing security(ies) were approved for enhancement up to ₹100 Crore (Rupees One Hundred Crore only). This limit is in excess of the prescribed limits under Section 186 of the Companies Act, 2013, and also requires shareholder approval through a Special Resolution at the EGM.
Employee Stock Option and EGM Details
Apex Ecotech Limited also approved the draft Apex Ecotech-ESOP 2026. This plan is designed to grant stock options to eligible employees, subject to member approval and compliance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.The board also approved the Notice convening the first Extra-Ordinary General Meeting (EGM) for the Financial Year 2026-27. This EGM is scheduled for Tuesday, May 12, 2026, at 12:00 P.M. The meeting will be conducted through Video Conferencing (VC) / Other Audio-Visual Means (OAVM) to seek member approval for the matters outlined in the EGM Notice.
In relation to the EGM, the Board appointed M/s. Akash & Co., Practicing Company Secretaries (Membership No. 13219), as the Scrutinizer for remote e-voting and voting during the EGM.
Revision in Managerial Remuneration
The Board also approved revisions to the remuneration for three directors, effective from the Financial Year 2026-27, subject to shareholder approval. These revisions, based on the recommendation of the Nomination and Remuneration Committee, are:- Mr. Anuj Dosajh (Managing Director): Remuneration revision up to a maximum limit of ₹2,50,00,000 (Rupees Two Crore Fifty Lakhs only) per annum.
- Mr. Ramakrishnan Balasundram Aiyer (Executive Director): Remuneration revision up to a maximum limit of ₹2,50,00,000 (Rupees Two Crore Fifty Lakhs only) per annum.
- Mr. Ajay Raina (Executive Director): Remuneration revision up to a maximum limit of ₹2,50,00,000 (Rupees Two Crore Fifty Lakhs only) per annum.
These approvals are noted as being in accordance with the respective sections of the Companies Act, 2013.
Details of Apex Ecotech-ESOP 2026
The approved Employee Stock Option Scheme details are summarized below.| Particulars | Details |
|---|---|
| Total Options Contemplated | Up to 2,20,000 (Two Lakh Twenty Thousand only) employee stock options |
| Percentage of Equity | Approximately 1.66% of the fully diluted equity share capital as on the Effective Date |
| Face Value per Option | ₹10/- (Rupees Ten only) |
| Governing Regulation | SEBI (SBEB) Regulations, 2021 |
| Vesting Start | Not earlier than 2 (Two) years |
| Maximum Vesting Period | 5 years from the date of grant |
The scheme specifies that the exercise price can be fixed at a discount to the fair value/valuation of the Equity shares, determined by the administrator at the time of grant.
APEXECO Stock Price Movement
As of 1:35 PM, shares of Apex Ecotech Limited are slipping by 1.60% in live trading, currently at ₹120. The stock has seen 1,600 shares traded today, hitting the day’s low of ₹120.Source:
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