Apex Ecotech appointed Mr. Aryaman Dosajh as Lead – Strategy Initiative effective June 18, 2026. The appointment aims to strengthen organizational capabilities and support long-term growth initiatives by leveraging his experience in consulting, technology, and business operations.

The Board of Directors approved the appointment during a meeting held on June 18, 2026. The meeting commenced at 12:30 P.M. and concluded at 12:51 P.M. The disclosure was made pursuant to Regulation 30 read with Schedule III Part A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mr. Aryaman Dosajh holds a DIN of 00119225. He completed his B.Tech in Software Engineering from Delhi Technological University in 2023 and a Master in Management (MiM) from INSEAD. His professional background includes roles at Ernst & Young (EY) as an Associate Consultant and at Sprinklr as a Product Analyst. He also gained operational exposure at Apex Ecotech Limited prior to this appointment.

Profile of Mr. Aryaman Dosajh

The company expects Mr. Dosajh to contribute towards driving operational excellence and executing strategic business initiatives.

Apex Ecotech Limited delivered its highest-ever financial and operational performance since inception in FY26, driven by strong execution momentum, robust order inflows, and increasing industry demand for sustainable water and wastewater treatment services. The company hosted its H2 FY26 and FY26 Earnings Conference Call on May 12, 2026, where Chairman and Managing Director Mr. Anuj Dosajh and Chief Financial Officer Mr. Rakesh Kaul discussed the audited standalone financial results for the half year and full year ended March 31, 2026.

Record Full-Year Financial Performance

FY26 marked a transformational year for Apex Ecotech, with every key financial metric registering significant year-on-year growth. The company's revenue from operations reached ₹148.65 crores, more than doubling from the prior year. Profitability metrics followed a similar trajectory, with EBITDA and PAT both recording near-doubling growth on a year-on-year basis.

Strong H2 FY26 Execution

The second half of FY26 was particularly robust, with the bulk of annual revenue concentrated in the final four to five months of the year. H2 FY26 revenue from operations stood at ₹116.08 crores, compared to approximately ₹32 crores in H1 FY26, reflecting the scale-up in project execution across key sectors.

Management noted that the differential between PAT growth and EPS growth was attributable to weighted average calculations, with no equity dilution undertaken during the period.

Balance Sheet Strengthening and Working Capital

Alongside strong operational performance, Apex Ecotech reinforced its balance sheet during FY26. Cash and bank balances increased to ₹35.06 crores as of March 31, 2026, while working capital stood at ₹61.72 crores, supporting the company's growing scale of operations and execution pipeline. Management indicated that a significant portion of the cash balance is directed towards fixed deposits serving as collateral for non-fund-based guarantees such as advance bank guarantees, retention bank guarantees, and performance bank guarantees — a requirement when executing projects for large industrial clients. The company also transitioned to a positive cash flow position during the year, with management emphasising continued prudence in financial management.

Order Book and Marquee Client Wins

As of March 31, 2026, Apex Ecotech's order book stood at over ₹125 crores, providing strong revenue visibility for FY27. Management confirmed that the order book is expected to be fully executed within the current financial year, given that project gestation periods typically range from 8 to 12 months. Key order wins during FY26 included projects from:

• Reliance Consumer Products
• Larsen & Toubro
• CRD Food Products
• Bhartiya Beverages
• Pragati Power Corporation

Management noted that working with large conglomerates such as Reliance and L&T introduced some pricing pressure and elevated raw material costs — particularly specialised metals, which rose 25% to 40% — during the latter half of the year. These cost increases were largely absorbed by the company without a significant impact on overall profitability.

Business Model and Competitive Positioning

Apex Ecotech operates exclusively in the industrial water and wastewater treatment segment, focusing on custom-built, turnkey projects including water treatment plants, wastewater treatment systems, membrane recycling solutions, evaporators, and zero liquid discharge (ZLD) systems. The company has completed more than 250 water treatment turnkey projects since its incorporation in 2009 and has developed proven execution capabilities in advanced technologies such as MBR, MVR, EDR, and ZLD solutions.

Management clarified that the company functions as a technology integrator rather than a joint venture partner with any global firm, procuring products and technologies from suppliers including Veolia, Grundfos, Ion Exchange, Thermax, and Pentair, depending on project requirements. The company has received recognition including the MBR Champions Award from Suez in 2019, a Global Ecological Transformation Award from Veolia, and an Innovation Award at Veolia's conference in Kuala Lumpur in 2025.

Management also indicated that the company's primary geographic focus remains India, citing the country's stable operating environment and growing industrial demand for water recycling and sustainability solutions. On growth outlook, management reiterated a target of at least 30% to 40% overall growth, while emphasising disciplined order selection to protect bottom-line margins.