The board of Apar Industries has approved establishment of a wholly owned subsidiary in Saudi Arabia in the name of Apar Industries Middle East. Powered by Capital Market - Live News

Net profit of Apar Industries rose 28.06% to Rs 217.57 crore in the quarter ended December 2023 as against Rs 169.90 crore during the previous quarter ended December 2022. Sales rose 1.88% to Rs 3990.59 crore in the quarter ended December 2023 as against Rs 3916.89 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales3990.593916.89 2 OPM %10.158.76 - PBDT313.14255.89 22 PBT284.30229.81 24 NP217.57169.90 28 Powered by Capital Market - Live News

Apar Industries will hold a meeting of the Board of Directors of the Company on 30 January 2024.Powered by Capital Market - Live News

Apar Industries has allotted 18,99,696 equity shares to eligible qualified institutional buyers at the issue price of Rs 5,264 per equity share, i.e., at a premium of Rs 5,254 per equity share [(which includes a discount of Rs 276.33 per equity share (4.99 % of the floor price, as determined in terms of the SEBI ICDR Regulations) to the floor price)], aggregating to approximately Rs 999.99 crore, pursuant to the QIP Issue. Pursuant to the allotment of equity shares in the Issue, the paid-up equity share capital of the Company stands increased from Rs 38,26,86,190 consisting of 3,82,68,619 equity shares to Rs40,16,83,150 consisting of 4,01,68,315 equity shares each. Powered by Capital Market - Live News

Apar Industries has appointed Nirupa Kiran Bhatt (DIN: 02006089) as an Additional Director of the Company in the category of an Independent Director (Non-Executive) w.e.f. 26 October 2023. Powered by Capital Market - Live News