GUJARAT APOLLO INDUSTRIES LIMITED : DIVESTS STAKE IN SUBSIDIARY

• Gujarat Apollo Industries Limited has completed the sale of its entire shareholding in Credo Advanced Chemicals Limited (CACL). • The transaction involved 1,34,40,000 equity shares of ₹10 each, representing 17.92% of CACL's equity share capital. • The sale was executed for an aggregate consideration of ₹37,63,20,000/-, and the company no longer holds any shares in CACL. • This sale was approved by the Board of Directors on September 3, 2026, and by shareholders via a special resolution. • Deloitte Touche Tohmatsu India LLP acted as the exclusive advisor for this transaction. • Impact: Positive (Divestment of stake in an unlisted entity)

Gujarat Apollo Industries Ltd

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