Acquisition

SEC/3010/2026 By E-Filing October 30, 2026 National Stock Exchange of India Limited BSE Limited “Exchange Plaza”, Corporate Relations Department, C-1, Block G, Phiroze Jeejeebhoy Towers, Bandra- Kurla Complex, Dalal Street, Bandra (E), Fort, Mumbai – 400 051. Mumbai - 400 001. Scrip Symbol : APARINDS Scrip Code : 532259 Kind Attn.: Listing Department Kind Attn. : Corporate Relationship Department Sub. : Acquisition by Wholly Owned Subsidiary of the Company Listing Regulation : Disclosure under Reg. 30 read with Schedule III & all other applicable Regulations, if any, of the SEBI (LODR) Regulations, 2015, (Listing Regulations) as amended from time to time. Dear Sir / Madam, With reference to the above referred Regulation read with SEBI Master Circular No. HO/49/14/14(7)2025- CFD-POD2/I/3762/2026 dated January 30, 2026, we hereby inform the Exchanges that Petroleum Specialities Pte Ltd. (PSPL), Wholly Owned Subsidiary of the Company shall acquire 70% of the Equity interests in Hebei Jinghuan Cable Co. Ltd, a Limited Liability Company incorporated under the laws of People’s Republic of China by entering into an Equity Interest Transfer Agreement on October 30th 2026. Details under Regulation 30 of the Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. Sr. Particulars Details 1. Name of the target entity, details in brief Name of the Entity: Hebei Jinghuan Cable Co. Ltd, such as size, turnover etc. (Hebei) a Limited Liability Company incorporated under the laws of People’s Republic of China Turnover: NIL in FY2025 2. Whether the acquisition would fall within Upon acquisition, Hebei shall become the step down related party transaction(s) and whether the Wholly Owned Subsidiary of the Company. Except to promoter/ promoter group/group the extent of contribution made by Petroleum companies have any interest in the entity Specialities Pte Ltd. (PSPL), Wholly Owned Subsidiary being acquired? If yes, nature of interest and of the Company, the promoters/ promoter group details thereof and whether the same is done /group companies of the Company have no interest in at “arm’s length”; Hebei. 3. Industry to which the entity being acquired Manufacturing of overhead conductors for power belongs; transmission and power distribution networks 4. Objects and impacts of acquisition (including APAR Industries intends to diversify its manufacturing but not limited to, disclosure of reasons for presence for aluminium overhead conductors across acquisition of target entity, if its business is geographies. APAR Industries, through its wholly outside the main line of business of the listed owned subsidiary, will acquire 70% stake in the target entity); company. The Target company will operate as an 100% exports focused enterprise. APAR Industries Limited Corporate Office : APAR House, Corporate Park, V. N. Purav Marg, Chembur, Mumbai - 400 071, India +91 22 4957 2100/6780 0400 corporate@apar.com www.apar.com Regd. Office: 301/306, Panorama Complex, R. C. Dutt Road, Alkapuri, Vadodara - 390007, India +91 265 6178 740 apar.baroda@apar.com www.apar.com CIN: L91110GJ1989PLC012802 5. Brief details of any governmental or Necessary compliances / approvals under purview of regulatory approvals required for the Foreign Exchange Management Act, 1999 and acquisition; Registration under State Administration of Foreign Exchange (SAFE) other pre/post closing obligations and acts to the extent applicable shall be complied in due course. 6. Indicative time period for completion of the Subject to fulfillment of criteria laid down under the acquisition; Agreement the Acquired Equity Interest will be paid in cash and in installments. The first installment of 30% of Purchase price within 7 business days of Closing Date and remaining 70% amount will be deposited in an Escrow account. This balance 70% consideration amount will be released from the Escrow account only after fulfillment of agreed conditions by Seller. Both the parties shall enter into an Escrow account agreement along with Escrow bank for the purpose of holding the final instalment payment amount 7. Nature of consideration - whether cash Cash consideration or share swap or any other form and details of the same; 8. Cost of acquisition and/or the price at which Equivalent to 70% of the Net Asset Value of target entity the shares are acquired; as on the transaction Closing date. The estimated purchase price as of Closing date is RMB 24.85 million at a P/B of 1x 9. Percentage of shareholding / control PSPL shall acquire 70% of the Equity interests in Hebei acquired and / or number of shares Jinghuan Cable Co. Ltd i.e. RMB 24.85 million of the acquired; total Paid-up Capital and RMB 35 million of the total Registered Capital. PSPL also has the call option but not the obligation to acquire the balance 30% from the selling shareholder after a period of 5 years based on valuation to be determined by the third party mutually appointed valuer under the prescribed formula. 10. Brief background about the entity acquired in Hebei Jinghuan Cable Co. Ltd is a non-operating entity terms of products/line of business acquired, as on date. It will mainly operate in the business of date of incorporation, history of last 3 years exporting overhead conductors. Its Assets as on closing turnover, country in which the acquired entity date of transaction will be mainly represented by Bank has presence and any other significant balances (95%), machinery & equipments (5%). information (in brief); Turnover for past 3 years: FY 1 (FY25) - NIL FY 2 (FY24) - NIL FY 3 (FY23) – N.A. The above information is also available on the Company’s website at www.apar.com. Kindly take the above information on your record. Thanking you, Yours Faithfully, For APAR Industries Limited Sanjaya Kunder (Company Secretary)