General information about company | ||
| Scrip code | 532259 | |
| NSE Symbol | APARINDS | |
| MSEI Symbol | NOTLISTED | |
| ISIN | INE372A01015 | |
| Name of the entity | APAR INDUSTRIES LIMITED | |
| Date of start of financial year | 01-04-2025 | |
| Date of end of financial year | 31-03-2026 | |
| Reporting Quarter Type | Half Yearly | |
| Date of Quarter Ending | 30-09-2025 | |
| Type of company | Equity | |
| Whether Annexure I (Part A) of the SEBI Circular dated December 31, 2024 related to Compliance Report on Corporate Governance is applicable to the entity? | Yes | |
| Whether Annexure I (Part B) of the SEBI Circular dated December 31, 2024 related to Investor Grievance Redressal Report is Applicable to the entity? | Yes | |
| Whether Annexure I (Part C) of the SEBI Circular dated December 31, 2024 related to Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies is Applicable to the entity? | No | Not Applicable |
| Whether Annexure I (Part D) of the SEBI Circular dated December 31, 2024 related to Disclosure of Imposition of Fine or Penalty is Applicable to the entity? | Yes | |
| Whether Annexure I (Part E) of the SEBI Circular dated December 31, 2024 related to Disclosure of Updates to Ongoing Tax Litigations or Disputes is Applicable to the entity? | No | During the quarter, there are no new indirect tax litigation /disputes or updates to the ongoing indirect tax litigations /disputes which is exceeding the materiality threshold prescribed by the SEBI LODR, read with Industry Standard Note on SEBI LODR |
| Whether Annexure I (Part F) of the SEBI Circular dated December 31, 2024 related to Disclosure Of Loans / Guarantees / Comfort Letters / Securities Etc. is Applicable to the entity? | No | Not Applicable |
| Risk management committee | Applicable | |
| Market Capitalisation as per immediate previous Financial Year | Top 500 listed entities | |
| Is SCORE ID Available ? | Yes | |
| SCORE Registration ID | a00236 | |
| Reason For No SCORE ID | ||
| Type of Submission | Original | |
| Remarks (website dissemination) | ||
| Remarks for Exchange (not for Website Dissemination) | ||
Annexure I | |||||||||||||||||||||||||
Annexure I to be submitted by listed entity on quarterly basis | |||||||||||||||||||||||||
I. Composition of Board of Directors | |||||||||||||||||||||||||
| Disclosure of notes on composition of board of directors explanatory | Textual Information(1) | ||||||||||||||||||||||||
| Whether the listed entity has a Regular Chairperson | Yes | ||||||||||||||||||||||||
| Whether Chairperson is related to MD or CEO | Yes | ||||||||||||||||||||||||
| Sr | Title (Mr / Ms) | Name of the Director | PAN | DIN | Category 1 of directors | Category 2 of directors | Category 3 of directors | Date of Birth | |||||||||||||||||
| 1 | Mr | Kushal N Desai | 00008084 | Executive Director | Chairperson | CEO-MD | 21-02-1967 | ||||||||||||||||||
| 2 | Mr | Chaitanya N Desai | 00008091 | Executive Director | Not Applicable | MD | 15-07-1971 | ||||||||||||||||||
| 3 | Mr | Rajesh Narayan Sehgal | 00048482 | Non-Executive - Independent Director | Not Applicable | 16-02-1971 | |||||||||||||||||||
| 4 | Mr | Rishabh Kushal Desai | 08444660 | Executive Director | Not Applicable | 16-05-1992 | |||||||||||||||||||
| 5 | Mr | Kaushal Jaysingh Sampat | 01932997 | Non-Executive - Independent Director | Not Applicable | 20-10-1970 | |||||||||||||||||||
| 6 | Mrs | Nirupa Kiran Bhatt | 02006089 | Non-Executive - Independent Director | Not Applicable | 18-05-1954 | |||||||||||||||||||
I. Composition of Board of Directors | |||||||||||||||||||||||||
Disqualification of Directors under section 164 of the Companies Act, 2013 | |||||||||||||||||||||||||
| Sr | Whether the director is disqualified? | Start Date of disqualification | End Date of disqualification | Details of disqualification | Current status | ||||||||||||||||||||
| 1 | No | Active | |||||||||||||||||||||||
| 2 | No | Active | |||||||||||||||||||||||
| 3 | No | Active | |||||||||||||||||||||||
| 4 | No | Active | |||||||||||||||||||||||
| 5 | No | Active | |||||||||||||||||||||||
| 6 | No | Active | |||||||||||||||||||||||
I. Composition of Board of Directors | |||||||||||||||||||||||||||
| Sr | Whether special resolution passed? [Refer Reg. 17(1A) of Listing Regulations] | Date of passing special resolution | Initial Date of appointment | Date of Re-appointment | Date of cessation | Tenure of director (in months) | No of Directorship in listed entities including this listed entity (Refer Regulation 17A of Listing Regulations) | No of Independent Directorship in listed entities including this listed entity [with reference to proviso to regulation 17A(1) & reg. 17A(2)] | Number of memberships in Audit/ Stakeholder Committee(s) including this listed entity (Refer Regulation 26(1) of Listing Regulations) | No of post of Chairperson in Audit/ Stakeholder Committee held in listed entities including this listed entity (Refer Regulation 26(1) of Listing Regulations) | Reason for Cessation | Notes for not providing PAN | Notes for not providing DIN | ||||||||||||||
| 1 | NA | 24-03-1999 | 01-01-2023 | 1 | 0 | 2 | 0 | ||||||||||||||||||||
| 2 | NA | 29-05-1993 | 01-01-2023 | 1 | 0 | 1 | 0 | ||||||||||||||||||||
| 3 | NA | 24-04-2017 | 12-08-2022 | 98 | 1 | 1 | 2 | 2 | |||||||||||||||||||
| 4 | NA | 07-05-2019 | 07-05-2019 | 1 | 0 | 0 | 0 | ||||||||||||||||||||
| 5 | NA | 31-01-2022 | 31-01-2022 | 44 | 1 | 1 | 2 | 1 | |||||||||||||||||||
| 6 | NA | 26-10-2023 | 26-10-2023 | 23 | 1 | 1 | 2 | 0 | |||||||||||||||||||
Text Block | |
| Textual Information(1) | Mr. Rishabh Kushal Desai (DIN: 08444660) was appointed as Whole Time Director for a period of 5 years from September 1, 2025 to August 31, 2030 (liable to retire by rotation) pursuant to recommendation of Nomination and Compensation-cum-Remuneration Committee and approved by Board of DIrectors at their meeting held on May 14, 2025. Subsequently the appointment was approved by Shareholders by passing a Special Resolution at the 36th Annual General Meeting of the Company held on August 5, 2025. The said appointment is subject to approval of Central Government which is applied and pending. |
Audit Committee Details | |||||||
| Whether the Audit Committee has a Regular Chairperson | Yes | ||||||
| Sr | DIN Number | Name of Committee members | Category 1 of directors | Category 2 of directors | Date of Appointment | Date of Cessation | Remarks |
| 1 | 00048482 | Rajesh Narayan Sehgal | Non-Executive - Independent Director | Chairperson | 24-04-2017 | ||
| 2 | 01932997 | Kaushal Jaysingh Sampat | Non-Executive - Independent Director | Member | 03-11-2022 | ||
| 3 | 02006089 | Nirupa Kiran Bhatt | Non-Executive - Independent Director | Member | 29-05-2024 | ||
| 4 | 00008084 | Kushal N Desai | Executive Director | Member | 30-05-2014 | ||
Nomination and remuneration committee | |||||||
| Whether the Nomination and remuneration committee has a Regular Chairperson | Yes | ||||||
| Sr | DIN Number | Name of Committee members | Category 1 of directors | Category 2 of directors | Date of Appointment | Date of Cessation | Remarks |
| 1 | 00048482 | Rajesh Narayan Sehgal | Non-Executive - Independent Director | Chairperson | 24-04-2017 | ||
| 2 | 01932997 | Kaushal Jaysingh Sampat | Non-Executive - Independent Director | Member | 03-11-2022 | ||
| 3 | 02006089 | Nirupa Kiran Bhatt | Non-Executive - Independent Director | Member | 29-05-2024 | ||
Stakeholders Relationship Committee | |||||||
| Whether the Stakeholders Relationship Committee has a Regular Chairperson | Yes | ||||||
| Sr | DIN Number | Name of Committee members | Category 1 of directors | Category 2 of directors | Date of Appointment | Date of Cessation | Remarks |
| 1 | 00048482 | Rajesh Narayan Sehgal | Non-Executive - Independent Director | Chairperson | 03-11-2022 | ||
| 2 | 00008084 | Kushal N Desai | Executive Director | Member | 08-11-2016 | ||
| 3 | 00008091 | Chaitanya N Desai | Executive Director | Member | 31-01-2000 | ||
Risk Management Committee | |||||||
| Whether the Risk Management Committee has a Regular Chairperson | Yes | ||||||
| Sr | DIN Number | Name of Committee members | Category 1 of directors | Category 2 of directors | Date of Appointment | Date of Cessation | Remarks |
| 1 | 00008084 | Kushal N Desai | Executive Director | Chairperson | 30-04-2019 | ||
| 2 | 00008091 | Chaitanya N Desai | Executive Director | Member | 30-04-2019 | ||
| 3 | 00048482 | Rajesh Narayan Sehgal | Non-Executive - Independent Director | Member | 30-04-2019 | ||
| 4 | 01932997 | Kaushal Jaysingh Sampat | Non-Executive - Independent Director | Member | 01-02-2022 | ||
| 5 | 02006089 | Nirupa Kiran Bhatt | Non-Executive - Independent Director | Member | 29-05-2024 | ||
| 6 | 99999999 | Vinayak K Lele | Sr. Vice President (Finance) | Member | 30-04-2019 | Textual Information(1) | |
| 7 | 99999999 | Ramesh S Iyer | Chief Financial Officer | Member | 03-02-2022 | Textual Information(2) | |
Sr Text Block | |
| Textual Information(1) | Member of the Management |
| Textual Information(2) | Member of the Management |
Corporate Social Responsibility Committee | |||||||
| Whether the Corporate Social Responsibility Committee has a Regular Chairperson | Yes | ||||||
| Sr | DIN Number | Name of Committee members | Category 1 of directors | Category 2 of directors | Date of Appointment | Date of Cessation | Remarks |
| 1 | 00008084 | Kushal N Desai | Executive Director | Chairperson | 30-05-2014 | ||
| 2 | 00008091 | Chaitanya N Desai | Executive Director | Member | 08-11-2016 | ||
| 3 | 02006089 | Nirupa Kiran Bhatt | Non-Executive - Independent Director | Member | 29-05-2024 | ||
Other Committee | ||||||
| Sr | DIN Number | Name of Committee members | Name of other committee | Category 1 of directors | Category 2 of directors | Remarks |
Annexure 1 | ||||||||
Annexure 1 | ||||||||
III. Meeting of Board of Directors | ||||||||
| Disclosure of notes on meeting of board of directors explanatory | ||||||||
| Sr. No. | Date(s) of meeting (if any) in the previous quarter | Date(s) of meeting (if any) in the current quarter | Maximum gap between any two consecutive (in number of days) | Notes for not providing Date | Whether requirement of Quorum met (Yes/No) | Total Number of Directors as on date of the meeting | Number of Directors present* (All directors including Independent Director) | No. of Independent Directors attending the meeting* |
| 1 | 14-05-2025 | Yes | 6 | 6 | 3 | |||
| 2 | 29-07-2025 | 75 | Yes | 6 | 6 | 3 | ||
Annexure 1 | ||||||||||
IV. Meeting of Committees | ||||||||||
| Disclosure of notes on meeting of committees explanatory | ||||||||||
| Sr | Name of Committee | Date(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order) | Maximum gap between any two consecutive (in number of days) | Name of other committee | Reason for not providing date | Whether requirement of Quorum met (Yes/No) | Total Number of Directors in the Committee as on date of the meeting | Number of Directors Present (All Directors including Independent Director) | No. of Independent Directors attending the meeting* | No. of members attending the meeting (other than Board of Directors) |
| 1 | Audit Committee | 14-05-2025 | Yes | 4 | 4 | 3 | 0 | |||
| 2 | Audit Committee | 29-07-2025 | 75 | Yes | 4 | 4 | 3 | 0 | ||
| 3 | Stakeholders Relationship Committee | 14-05-2025 | Yes | 3 | 3 | 1 | 0 | |||
| 4 | Stakeholders Relationship Committee | 29-07-2025 | 75 | Yes | 3 | 3 | 1 | 0 | ||
| 5 | Corporate Social Responsibility Committee | 14-05-2025 | Yes | 3 | 3 | 1 | 0 | |||
| 6 | Corporate Social Responsibility Committee | 29-07-2025 | 75 | Yes | 3 | 3 | 1 | 0 | ||
Annexure 1 | ||||||||||
IV. Meeting of Committees | ||||||||||
| Sr | Name of Committee | Date(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order) | Maximum gap between any two consecutive (in number of days) | Name of other committee | Reason for not providing date | Whether requirement of Quorum met (Yes/No) | Total Number of Directors in the Committee as on date of the meeting | Number of Directors Present (All Directors including Independent Director) | No. of Independent Directors attending the meeting* | No. of members attending the meeting (other than Board of Directors) |
| 7 | Risk Management Committee | 14-05-2025 | Yes | 5 | 5 | 3 | 2 | |||
| 8 | Risk Management Committee | 29-01-2025 | Yes | 5 | 5 | 3 | 2 | |||
| 9 | Nomination and remuneration committee | 14-05-2025 | 104 | Yes | 3 | 3 | 3 | 0 | ||
Annexure 1 | ||
V. Affirmations | ||
| Sr | Subject | Compliance status (Yes/No) |
| 1 | The composition of Board of Directors is in terms of SEBI (Listing obligations and disclosure requirements) Regulations, 2015 | Yes |
| 2 | The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015 a. Audit Committee | Yes |
| 3 | The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. b. Nomination & remuneration committee | Yes |
| 4 | The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. c. Stakeholders relationship committee | Yes |
| 5 | The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. d. Risk management committee (applicable to the top 1000 listed entities) | Yes |
| 6 | The committee members have been made aware of their powers, role and responsibilities as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015. | Yes |
| 7 | The meetings of the board of directors and the above committees have been conducted in the manner as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015. | Yes |
| 8 | This report and/or the report submitted in the previous quarter has been placed before Board of Directors. | Yes |
Annexure 1 | ||
| Sr | Subject | Compliance status |
| 1 | Name of signatory | Sanjaya Kunder |
| 2 | Designation | Company Secretary |
Affirmations on Compliance Requirements for AGM (applicable only for the first half-year filing i.e., 2nd quarter) | ||||
I. Affirmations | ||||
| Sr | Particulars | Regulation Number | Compliance status (Yes/No/NA) | If status is “No” details of non-compliance may be given here. |
| 1 | Copy of the annual report including balance sheet, profit and loss account, directors report, corporate governance report, BRSR & BRSR core, if applicable, displayed on website | 46(2) | Yes | |
| 2 | Presence of Chairperson of Audit Committee at the Annual General Meeting | 18(1)(d) | Yes | |
| 3 | Presence of Chairperson of the nomination and remuneration committee at the annual general meeting | 19(3) | Yes | |
| 4 | Presence of Chairperson of the Stakeholder Relationship committee at the annual general meeting | 20(3) | Yes | |
| 5 | Disclosure of the Secretarial Audit Report of the listed entity and the material subsidiaries in the Annual Report | 24A(1) | Yes | |
| 6 | Compliance with the conditions laid down for Secretarial Auditor or the person signing the Secretarial Compliance Report | 24A(1A), 24A(1B), 24A(1C) | Yes | |
| 7 | Submission of Annual Secretarial Compliance Report | 24A(2) | Yes | |
| 8 | Whether “Corporate Governance Report” disclosed in Annual Report | 34(3) read with para C of Schedule V | Yes | |
| Any other information to be provided | ||||
Annexure III | ||
| 1 | Name of signatory | Sanjaya Kunder |
| 2 | Designation | Company Secretary |
Details of Cyber security incidence | ||
| Whether as per Regulation 27(2)(ba) of SEBI (LODR) Regulations, 2015 there has been cyber security incidents or breaches or loss of data or documents during the quarter | No | |
| Number of cyber security incidence or breaches or loss of data event occurred during the quarter | ||
| Sr. | Date of the event | Brief details of the event |
Signatory Details | |
| Name of signatory | Sanjaya Kunder |
| Designation of person | Company Secretary |
| Place | Mumbai |
| Date | 28-10-2025 |
Investor Grievance Details | |
| No. of investor complaints pending at the beginning of Quarter | 0 |
| No. of investor complaints received during the Quarter | 6 |
| No. of investor complaints disposed off during the Quarter | 4 |
| No. of investor complaints those remaining unresolved at the end of the Quarter | 2 |
Disclosure of Imposition of Fine or Penalty The details of imposition of fine or penalty during the quarter in terms of sub-para 20 of para A of Part A of Schedule III are given below: | |||||
| Any Other Information for Disclosure of Imposition of Fine or Penalty | |||||
| Sr. No. | Name of the authority | Nature and details of the action(s) taken or order(s) passed | Date of receipt of direction or order, including any ad interim or interim orders, or any other communication from the authority | Details of the violation(s)/ contravention(s) committed or alleged to be committed | Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible |
| 1 | Department of Revenue, (Illinois State of USA) | Penalty amount imposed on subsidiary Company APAR USA LLC (previously known as CEMA Wires and Cables LLC) for non-payment of state payroll tax by Department of revenue | 02-09-2025 | Non-payment of state payroll tax by the subsidiary company APAR USA LLC (previously known as CEMA Wires and Cables LLC) | No financial Impact – the subsidiary Company has paid penalty of USD 26.15 |
| 2 | Department of Revenue, (State of Tennessee) | Penalty amount is levied for non-payment of state sales tax on subsidiary Company APAR USA LLC (previously known as CEMA Wires and Cables LLC) | 14-08-2025 | Non-payment of state sales tax by subsidiary Company APAR USA LLC (previously known as CEMA Wires and Cables LLC) | No financial Impact – the subsidiary Company has paid penalty of USD 15.00 |