Apar Industries Ltd — Capital/Financing Update 2023

Nov 23, 2023

==> picture [150 x 42] intentionally omitted <==

==> picture [115 x 10] intentionally omitted <==

SEC/ 2311/2023	By E-Filing November 23, 2023	By E-Filing November 23, 2023
National Stock Exchange of India Limited"Exchange Plaza",C-1, BIock G,Bandra-Kurla Complex,Bandra (E),Mumbai - 400 051Scrip Symbol : APARINDSKind Attn. : Listing Department		BSE LimitedCorporate Relations Department,Phiroze Jeejeebhoy Towers,Dalal Street,Fort,Mumbai - 400 001Scrip Code : 532259Kind Attn. : Corporate Relationship Department

Re: Qualified institutions placement of equity shares of face value of ₹ 10 each (the “Equity Shares”) to qualified institutional buyers by APAR Industries Limited (the “Company”) under the provisions of Chapter VI of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (the “SEBI ICDR Regulations”), and Sections 42 and 62 of the Companies Act, 2013 (including the rules made thereunder), each as amended (the “Issue”)

Sub: Prior intimation of the Share Issue Committee meeting date

--------------------------------------------------------------------------------------------------------------------------------

Dear Sir / Madam,

Further to our letter no. SEC/ 2311/2023 dated November 23, 2023 intimating you about (i) approval and adoption of the preliminary placement document dated November 23, 2023, and the application form, in connection with the Issue, (ii) authorization for opening the Issue and (iii) approval of the floor price for the Issue, we wish to inform you that in terms of Regulations 29(1) and 29(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “ SEBI Listing Regulations ”), that a meeting of the Share Issue Committee of the Company shall be held on Wednesday, November 29, 2023 to inter alia , consider and determine the issue price of Equity Shares to be issued pursuant to the Issue, including any discount, not more than 5%, on the floor price calculated in accordance with the SEBI ICDR Regulations and as permitted by the SEBI ICDR Regulations and approved by the shareholders pursuant to a resolution dated November 11, 2023.

We request you to take the above on record and the same be treated as compliance under the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

Thanking you,

Yours faithfully,

For APAR Industries Limited

SANJAYA Digitally signed by SANJAYA RAJU RAJU KUNDER Date: 2023.11.23 KUNDER 22:15:18 +05'30' Sanjaya Kunder (Company Secretary)

APAR Industries Limited Corporate Office : APAR House, Corporate Park, V. N. Purav Marg, Chembur, Mumbai - 400 071, India +91 22 2526 3400/6780 0400 corporate@apar.com www.apar.com Regd. Office: 301/306, Panorama Complex, R. C. Dutt Road, Alkapuri, Vadodara - 390007, India +91 265 6178 700/6178 709 apar.baroda@apar.com www.apar.com CIN: L91110GJ1989PLC012802