Apcotex Industries Limited has announced a significant corporate move by completing the acquisition of a $5.12\%$ equity stake in Opera Vayu (Narmada) Private Limited. This transaction, finalized on April 22, 2026, involved the purchase of $33,75,000$ equity shares for a total cash consideration of ₹$33.75$ Million. The acquisition is part of a strategic alignment with a Power Purchase Agreement (PPA) previously approved by the Board.

The primary objective behind this investment is to secure captive consumption of hybrid power generated by Opera Vayu (Narmada) Private Limited. This target entity, incorporated on August 1, 2022, is a Special Purpose Vehicle (SPV) and a wholly-owned subsidiary of Shivman Wind Energy Private Limited. As a company operating within the power sector, it is expected to provide sustainable energy solutions to support Apcotex’s industrial operations.

Apcotex Industries Limited is a leading player in the emulsion polymers market, specializing in synthetic latex and synthetic rubber. The company serves a diverse range of industries, including paper, textiles, construction, and automotive components. In early 2026, the company announced a major capacity expansion project at its Valia facility in Gujarat, with an estimated investment of ₹$210$ Crores, aimed at meeting rising global demand and increasing its revenue potential by ₹$550$–$600$ Crores.

For the quarter ended December 31, 2025, Apcotex reported revenue of ₹$3,314.6$ Million, a decrease of $7\%$ compared to the previous year, primarily due to lower raw material prices. However, net profit for the same period surged by $92.2\%$ year-on-year to reach ₹$222.2$ Million, driven by record sales volumes and improved operational efficiencies. Prominent institutional investors in the company include the ICICI Prudential Smallcap Fund, which holds a notable stake in the firm’s equity.