| NAME OF ASSOCIATE COMPANY | COUNTRY OF INCORPORATION | DESCRIPTION |
|---|---|---|
| AMPOIL APAR LUBRICANTS PRIVATE LIMITED | India | Engaged in business to procure, market, sale or deal and distribute Lubricants including Engine Oil for various kinds of vehicles, machinery and mechanised equipments. To further carry on other allied activities or services in connection with aforesaid business activities |
| CLEAN MAX RUDRA PRIVATE LIMITED | India | A Special Purpose Vehicle (SPV) Company created for the purpose of development, generation and supply of renewable energy from solar and wind to APAR Industries Limited |