Gujarat Apollo Industries Receives Trading Approval for 11,70,000 Equity Shares Under Preferential Allotment

Gujarat apollo industries Limited has received trading approval from stock exchanges for equity shares issued under preferential allotment. The company announced this development in a regulatory filing pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Trading Approval Details

Both major stock exchanges have granted approval for the company's preferential allotment shares. The National Stock Exchange of India Limited issued its approval through letter Ref. No. NSE/LIST/53086 dated March 23, 2026, while BSE Limited provided approval via letter Ref. No. LOD / PREF / TT / 366/ 2025-2026 dated March 23, 2026.

Parameter: Details Number of Shares: 11,70,000 (Eleven Lakh Seventy Thousand) Face Value: Rs. 10/- each Share Type: Equity shares, fully paid-up Allotment Basis: Preferential allotment Trading Effective Date: March 24, 2026

Regulatory Compliance

The trading approval comes with specific regulatory conditions that the company must adhere to. The approval is subject to compliance with lock-in provisions under Regulation 167 of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, along with other applicable regulations.

The shares are now permitted to be traded on both exchanges with effect from March 24, 2026. This development allows the preferentially allotted shares to enter the secondary market for trading by investors.

Corporate Communication

The announcement was made by CS Neha Chikani Shah, Company Secretary & Compliance Officer of Gujarat Apollo Industries Limited. The company has requested the stock exchanges to take this information on record as part of its regulatory disclosure obligations.

Gujarat Apollo Industries Limited has unveiled its comprehensive strategic vision and roadmap, targeting ₹300 crores in combined revenue through a dual-engine growth strategy spanning infrastructure and agriculture equipment sectors over the next three fiscal cycles. The investor presentation, released under Regulation 30 of SEBI regulations, outlines the company's ambitious expansion plans and diversification strategy.

Strategic Revenue Targets and Growth Framework

The company has established clear revenue projections across its dual business verticals. The infrastructure equipment segment, driven by core strengths in road-construction equipment and mining equipment, targets ₹210 crores in revenue over three years. Simultaneously, the agriculture equipment business, operating through subsidiary and associate companies including Fieldtrack, Krishitek, and Ganesh Agro, aims to generate ₹90 crores in aggregated revenue over two years.

Business Segment: Revenue Target Timeline Key Focus Areas Infrastructure Equipment ₹210 crores 3 years Road-construction & Mining Equipment Agriculture Equipment ₹90 crores 2 years Subsidiaries & Associates Combined Target ₹300 crores+ 3 years Dual-engine strategy

Comprehensive Product Portfolio and Market Positioning

Gujarat Apollo's current product line encompasses multiple equipment categories across infrastructure and agriculture sectors. The road-construction equipment division includes asphalt mixing plants, wet-mix plants, paver finishers, and allied equipment. The mining equipment segment features jaw crushers, impact crushers, cone crushers, vibrating screens, and conveyors. Additionally, the company is developing material handling equipment, specifically pick and carry cranes currently under development.

The agriculture equipment portfolio operates through specialized entities, each focusing on specific market segments:

Entity: Product Focus Specifications Fieldtrack Earthmovers Small Tractors 14 to 25 hp range Krishitek Industries Harvesting & Maintenance Walk-behind Reapers, Reaper attachments, Weeders Ganesh Agro Equipment Planting & Processing Thrashers, Potato Planters, Flail Mowers, Rotavators

Capital Investment and Facility Expansion

The strategic expansion is supported by a committed capex of ₹26 crores, funded through conversion of preferential warrants to equity. This investment is allocated for modernization and capacity expansion of existing facilities, covering both the parent company and subsidiaries/associates level to meet growing demand. The funding mechanism ensures no major debt burden for this capex initiative.

The company's manufacturing facilities are located 60 kilometers north of Ahmedabad, near Mehsana, spanning land areas of 30,000 square meters and 17,000 square meters. The expansion project is scheduled for completion by June 2026, with Phase II expansion planned for 2028.

Three-Phase Implementation Roadmap

Gujarat Apollo has structured its growth strategy into three distinct phases over the next 36 months. Phase I focuses on foundation building, including completing the 50% acquisition of Ganesh Agro and executing the ₹26 crore modernization capex. Phase II emphasizes acceleration through expanding the dealer network for agriculture equipment, leveraging brand image for infrastructure equipment, and launching pick and carry cranes. Phase III targets realization of revenue goals, achieving over ₹210 crores in infrastructure equipment revenue and over ₹90 crores in agriculture equipment revenue.

Long-term Vision and Market Strategy

The company's roadmap extends beyond the immediate three-year horizon, with plans to restart road-construction equipment and build agriculture equipment business through subsidiaries and associates by 2026. By 2029, Gujarat Apollo aims to achieve ₹300 crores in combined revenue through its balanced portfolio. The long-term vision for 2031 includes growing revenue to ₹500 crores through addition of new products and businesses via acquisitions and strategic partnerships.

Established in 1987 as part of the Gujarat Apollo Group with over 50 years of engineering legacy, the company leverages its long-standing market presence and favorable brand image among existing customers as strategic advantages in the competitive landscape.

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