Apcotex Industries Limited — Board/Management Information 2021

May 7, 2021

==> picture [560 x 80] intentionally omitted <==

7[th] May 2021

To, To, The Manager - Listing Department, Manager-Department of Corporate Services The National Stock Exchange of India Ltd BSE Limited Exchange Plaza, 5th floor, Jeejeebhoy Towers, Plot no. C/1, “G” Block, Dalal Street, Fort, Bandra-Kurla Complex, Mumbai - 400 001 Mumbai-400051 Symbol: APCOTEXIND Security Code: 523694

Dear Sir,

Sub: Outcome of Board Meeting in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

This is to inform you that the Board of Directors of the Company at its meeting held on 6[th] May 2021, approved the appointment of M/s. RSM Astute Consulting Private Limited as the Internal Auditor of the Company for the FY 2021-22, based on the recommendation of the Audit Committee.

The requisite details as per Regulation 30 of SEBI (LODR) Regulations, 2015 is enclosed as Annexure A to this letter.

You are requested to acknowledge the receipt and take the same on your records.

Thanking you,

For Apcotex Industries Limited

==> picture [118 x 30] intentionally omitted <==

Anand V Kumashi Company Secretary

==> picture [548 x 82] intentionally omitted <==

==> picture [560 x 80] intentionally omitted <==

Annexure A

Sr. No.	Particulars	Details
1	Reasonforchangeviz.appointment	It was proposed to appoint M/s. RSM Astute Consulting PrivateLimited as the Internal Auditor of the Company for the FY2021-22, in place of M/s. Sanjay Rane & Associates, CharteredAccountant, Mumbai, who has an Internal Auditor of theCompany for 6 years.
2	Date of appointment & term ofAppointment	The Board of Directors at its Meeting held on 6thMay 2021,based on the recommendation of the Audit Committee, hasappointed M/s. RSM Astute Consulting Private Limited as theInternal Auditor of the Company for the FY 2021-22.
3	Briefprofile(incaseofappointment);	RSM Astute Consulting Group along with its affiliates(together referred as „RSM India‟) consistently ranksamongst India‟s top 6 audit, tax and consulting groups[International Accounting Bulletin - India Surveys 2011-20].Group strength of about 1,950 personnelPAN – India presence with offices in 11 key citiesCore services include Assurance Services, Internal Audits& Risk Advisory, Corporate Tax & GST, IT SystemsAssurance & Solutions and Operations ConsultingMulti – disciplinary personnel comprising of CAs, MBAs,Engineers, CMAs, CISAs / ISAs, Forensic Professionals,Company Secretaries & Law Graduates, etc.Growth fueled by entrepreneurial zeal and passionClients include several large Indian groups, multinationalcorporations,publicsectorundertakingsandfirstgeneration entrepreneurs
4	Disclosureofrelationshipsbetween directors (in case ofappointment of a Director)	Not Applicable

==> picture [548 x 82] intentionally omitted <==