NSEDisclosure of material issue6 Oct 2026 · 6 Oct 2026, 05:53 pm
Disclosure of material issue
Gujarat Apollo Industries Limited · GUJAPOLLO
✦ AI SummaryDivestiture
Gujarat Apollo Industries Limited has completed the sale of its entire 17.92% shareholding in Credo Advanced Chemicals Limited for ₹37.63 crore.
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Earnings Impact2/10
Growth Catalyst3/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment5/10
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Gujarat Apollo Industries Limited has informed regarding Disclosure of material issue
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GUJAPOLLO_06102026175312_GAILCorporateAnnouncement06102026.pdf
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APOLLQO
GUJARAT APOLLO INDUSTRIES LIMITED
The Capital 2, 1403-1405, Science City Road, Sola, Ahmedabad-380 060, Gujarat, India. Tel. +91-79- 45025438, Email ID:cs@gapolio.net
October 6, 2026
Corporate Relation Department Listing Compliance
BSE Limited National Stock Exchange of India
P.J. Towers, Dalal Street, Fort, Limited
Mumbai - 400 001 Exchange Plaza, C-1, Block-G,
Bandra Kurla Complex, Bandra (E),
Mumbai ~ 400 051
Symbol: GUJAPOLLO; Security Code: Scrip Symbol: GUJAPOLLO
522217
Dear Sir/Madam,
Sub: Corporate Announcement
Re: Completion of Sale of Entire Shareholding in Credo Advanced Chemicals Limited
This communication serves as an update regarding sale of investment of Gujarat Apollo
Industries Limited ("the Company”).
The Company hereby informs its shareholders and other stakeholders that it has today, 6
October 2026, executed and completed the sale of its entire shareholding comprising
1,34,40,000 equity shares of ¥10 each, representing 17.92% of the equity share
capital of Credo Advanced Chemicals Limited ("CACL") (formerly known as Credo Mineral
Industries Limited), an unlisted company.
The shares have been sold for an aggregate consideration of ¥37,63,20,000/- (Rupees
Thirty-Seven Crores Sixty-Three Lakhs and Twenty Thousand only). Accordingly, the Company
no longer holds any shareholding in CACL.
The transaction was completed pursuant to the approval granted by the Board of Directors at
its meeting held on 3rd September, 2026, and the requisite approval of the shareholders by
way of a special resolution under Section 180(1)(a) of the Companies Act, 2013 read with
Regulation 37A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015.
Deloitte Touche Tohmatsu India LLP acted as exclusive advisor to the Company for this
transaction.
You are requested to kindly take this important corporate announcement on record.
Yours truly,
For GUJARAT APOLLO INDUSTRIES LIMITED
Neha Chikani Shah [M’ship No:A-25420]
Company Secretary & Compliance Officer
CIN: 145202GJ1986PLC009042 ¢ www.apollo.co.in e cs@gapollo.net o Tel:7228011811