Haresh Jashubhai Chaudhary (DIN: 06947915) has ceased to be an Independent Director of amrapali industries effective July 27, 2026, marking the conclusion of his second consecutive term in the role. The departure is procedural, stemming from the completion of the maximum permissible tenure for independent directors under regulatory guidelines, rather than any dispute or performance-related issue.

The company notified the Bombay Stock Exchange (BSE) on August 03, 2026, pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was issued by Bhumiben Atit Patel, Chairperson of Amrapali Industries Limited, confirming that Chaudhary’s resignation was tendered solely due to the expiry of his term.

Chaudhary also relinquished his positions as Chairperson of three key board committees effective July 27, 2026. These roles included leadership of the Audit Committee, the Nomination & Remuneration Committee, and the Stakeholders Relationship Committee. The cessation of these committee positions aligns with his exit from the board.

Regulatory Disclosures

The disclosure complies with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, as updated by SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The filing includes Annexure I detailing the reason for change and Annexure II containing the resignation letter from Chaudhary.

What This Means

The departure of a long-serving independent director who chaired critical oversight committees requires the Board to appoint replacements to ensure continued compliance with corporate governance norms. Investors should monitor subsequent filings for the appointment of new independent directors and their allocation to board committees. The transition is routine and does not indicate operational distress or strategic shifts within the company.

Amrapali Industries Limited reported a widened net loss for the financial year ended March 31, 2026, reflecting continued operational challenges. The company’s net loss for the year reached ₹12,728.91 lakh, a significant increase compared to the ₹3,101.59 lakh loss recorded in the previous year. Total income from operations for FY26 stood at ₹1,701.04 lakh.

For the quarter ended March 31, 2026, the company recorded a net loss of ₹3,238.17 lakh on total income from operations of ₹394.97 lakh. In the corresponding quarter of the previous year, the net loss was ₹3,101.59 lakh with total income from operations of ₹437.59 lakh. The paid-up equity share capital remained constant at ₹8,911.40 lakh throughout the reported periods.

The company’s financial position showed a depletion in reserves, which stood at (₹328,194.54) lakh as of March 31, 2026, compared to (₹315,431.29) lakh in the prior year. Earnings per share (EPS) for the year ended March 31, 2026, was reported at (₹14.28), basic and diluted, worsening from (₹3.48) in the previous year. For the quarter ended March 31, 2026, the EPS was (₹3.63).

The audited financial results for the quarter and year ended March 31, 2026, along with the Limited Review Report issued by the statutory auditors, were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on May 30, 2026. The filing was made in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance Summary