APAR Industries Limited’s Share Issue Committee of Directors met on August 10, 2026, to approve key aspects of its Qualified Institutions Placement (QIP). The committee authorized the opening of the issue, set the floor price at ₹14,801.25 per equity share, and approved the preliminary placement document. This move is part of the company’s strategy to raise capital through the issuance of equity shares to qualified institutional buyers.
Share Issue Committee Approvals for QIP
On Monday, August 10, 2026, the Share Issue Committee of Directors for APAR Industries Limited convened to pass resolutions concerning a Qualified Institutions Placement (QIP). This placement involves the issuance of equity shares with a face value of ₹10 each to qualified institutional buyers, under the provisions of the SEBI ICDR Regulations and the Companies Act, 2013.
Key Decisions Made
The committee took several significant actions during its meeting:
- Authorized the opening of the Issue on August 10, 2026.
- Approved the floor price for the Issue at ₹14,801.25 per Equity Share, calculated as per the pricing formula prescribed under SEBI ICDR Regulations.
- Approved and adopted the preliminary placement document dated August 10, 2026, along with the associated application form.
Relevant Date and Floor Price Confirmation
The ‘Relevant Date’ for the purpose of the Issue, as per Regulation 171 of the SEBI ICDR Regulations, has been fixed as August 10, 2026. This is the date the Share Issue Committee decided to open the Issue. Consequently, the floor price has been confirmed at ₹14,801.25 per Equity Share, based on the pricing formula stipulated in Regulation 176(1) of the SEBI ICDR Regulations. The Company may offer a discount of up to 5% on this Floor Price at its discretion.
Placement Document Filing
In relation to this Issue, APAR Industries Limited will file the preliminary placement document dated August 10, 2026, with BSE Limited and the National Stock Exchange of India Limited on the same day. A copy of this document will also be made available on the company’s website, www.apar.com.
Trading Window Closure
Further to provisions concerning the Prohibition of Insider Trading, the trading window for dealing in the securities of the Company has been closed since August 7, 2026, and will remain closed until further notice. This is in adherence to the Company’s Prevention of Insider Trading Code of Conduct.
Source: BSE
