Apcotex Industries Limited — Others, 27-03-2025: Resignation

Apcotex Industries has announced a board meeting outcome, approving a Power Purchase Agreement and a Share Subscription Cum Shareholders Agreement, allowing for a 26% equity stake in Opera Vayu Narmada Private Limited for a total investment of INR 3.375 crore. The acquisition aims to secure hybrid power for captive consumption. Additionally, the board accepted the resignation of Chief Financial Officer Sachin Karwa, who will ensure a smooth transition during his notice period. This strategic investment could enhance operational capabilities and bolster investor sentiment with a positive outlook driven by diversification in energy sourcing.