Apcotex Industries Limited — JV/Acquisition, 27-03-2025: Acquisition

Apcotex Industries has announced a board meeting outcome highlighting the approval of a Power Purchase Agreement and a Share Subscription Cum Shareholders Agreement with Opera Vayu Narmada Private Limited. The company will acquire a 26% equity stake for INR 3.37 crore (cr), aiming for captive consumption of hybrid power. This strategic move is expected to enhance operational capabilities within the power sector. Additionally, the board noted the resignation of CFO Sachin Karwa, who will serve his notice period to ensure a smooth transition.