Apar Industries Ltd — Capital/Financing Update 2025

Mar 4, 2025

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SEC/0403/2025	By E-FilingMarch 4, 2025	By E-FilingMarch 4, 2025
National Stock Exchange of India Limited“Exchange Plaza”,C-1, Block G,Bandra- Kurla Complex,Bandra (E),Mumbai – 400 051.Scrip Symbol : APARINDSKind Attn.: Listing Department		BSE LimitedCorporate Relations Department,Phiroze Jeejeebhoy Towers,Dalal Street,Fort,Mumbai - 400 001.Scrip Code : 532259Kind Attn. : Corporate Relationship Department

Ref.: Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), as amended from time to time.

Sub.: Intimation regarding grant of 2,16,407 Employee Stock Appreciation Rights (ESARs) to eligible Employees under “APAR Industries Limited – Employees Stock Appreciation Rights Plan 2024”

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Dear Sir/Madam,

Pursuant to Regulation 30 of the Listing Regulations, we wish to inform the Exchanges that Nomination and Compensation-cum-Remuneration Committee of the Company (“ NCRC ”) at their meeting held on March 4, 2025 i.e. today, approved grant of 2,16,407 ESARs to the eligible Employees under “APAR Industries Limited – Employees Stock Appreciation Rights Plan 2024”.

The details as required under Listing Regulations read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 with respect to above grants is given in Annexure A .

The aforesaid meeting of NCRC concluded at 04:42 p.m. (IST).

The above information will also be available on the website of the Company www.apar.com.

Thanking You.

Yours Faithfully,

For APAR Industries Limited

SANJAYA Digitally signed by SANJAYA RAJU RAJU KUNDER Date: 2025.03.04 KUNDER 16:48:00 +05'30' Sanjaya Kunder Company Secretary

Encl. As above.

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

Annexure-A

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----- Start of picture text ----- S. No Particulars Details1. Brief details of options/ ESARs The Nomination and Compensation-cum-granted Remuneration Committee (“NCRC”) granted2,16,407 Employee Stock Appreciation Rights(ESARs) under APAR Industries Limited –Employees Stock Appreciation Rights Plan 2024(ESAR 2024 / Plan) to Eligible Employees basedon the performance parameters under the saidESAR 2024 at its meeting held today.Effective date of Grant being March 4, 2025.2. Whether the scheme is in terms of Yes, the Plan is in compliance with SEBI (ShareSEBI (Share Based Employee Based Employee Benefits and Sweat Equity)Benefits and Sweat Equity) Regulations, 2021.Regulations, 2021 (“SEBI SBEBRegulations, 2021”)3. Total number of shares covered by 2,16,407 (Maximum no. of equity shares) equitythese options/ ESARs shares of face value of Rs. 10/- (Rupees TenOnly) each fully paid-up as one ESAR uponexercise shall entitle for lesser than one equityshare of the Company to be issued on such termsand conditions, as may be determined inaccordance with the provisions of the Plan andin due compliance with the applicable laws andregulations including SEBI (Share BasedEmployee Benefits and Sweat Equity)Regulations, 2021.4. Pricing formula The ESAR price determined by the NCRC is Rs.5,809.30 which is 0% discount to the Market priceof the share and more than the face value of shareof the Company.5. Options vested Not Applicable6. Time within which option/ESARs The Exercise Period in respect of a Vested ESARsmay be exercised shall be maximum 8 (Eight) years from the dateof Vesting of such ESARs. The Vested ESARs canbe exercised by the ESAR Grantee at one time orat various points of time within the ExercisePeriod.7. Options exercised Not Applicable----- End of picture text -----

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----- Start of picture text ----- 8. Money realized by exercise of Not Applicableoptions9. The total number of shares arising Not Applicableas a result of exercise of option10. Options lapsed Not Applicable11. Variation of terms of options Not Applicable12. Brief details of significant terms The Plan is administered by the NCRC.The grant of ESARs is based upon the eligibilitycriteria as mentioned in the Plan.The vesting period for ESAR granted shall be amaximum of 4 (Four) years commencing fromthe date of grant.The ESAR 2024 inter alia also provides for themanner in which ESARs would be dealt with incase of death, permanent incapacity, resignation,termination, retirement etc.13. Subsequent changes or cancellation Not Applicableor exercise of such options14. Diluted earnings per share Not Applicablepursuant to issue of equity shareson exercise of options----- End of picture text -----