Apis India Ltd has strengthened its senior leadership with the appointment of Mr. Ankit Nagar as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), effective June 16, 2026. The Board of Directors approved the appointment based on the recommendation of the Nomination and Remuneration Committee during its meeting held on June 15, 2026. This strategic move aims to bolster the company's financial oversight and strategic business management capabilities.

Mr. Nagar brings over 16 years of post-qualification experience to the role. He is a qualified Chartered Accountant with extensive expertise in financial reporting, financial planning & analysis (FP&A), budgeting, and MIS reporting. His background includes significant work in cost optimization, financial transformation, mergers & acquisitions, and business restructuring.

Prior to joining Apis India, Mr. Nagar worked with reputed organizations such as Dharampal Satyapal Foods Limited, Modi Rubber Limited, HSBC Electronic Data Processing Pvt. Ltd., and SRBC & Co LLP. He has played a key role in business restructuring, post-merger integration, and leading financial, tax, and legal due diligence for strategic acquisitions.

In addition to the financial leadership changes, the Board approved the appointment of Mr. Pankaj Tripathi as GM-HR, Admin & IT, designated as a Senior Management Personnel, effective June 16, 2026. Mr. Tripathi holds an MBA in Human Resource Management and possesses over 18 years of diverse experience across sectors such as FMCG, manufacturing, hospitality, and retail.

Mr. Tripathi has held key HR leadership positions at DS Group, PVR INOX, Mahindra Group, and Royal Orchid Hotels. His expertise spans strategic HR business partnering, talent management, industrial relations, and HR digitalization. The company expects his leadership to drive transformational HR initiatives and align people strategies with business objectives.

Appointments Summary

Apis India Limited has intimated the stock exchanges regarding a proposed inter-se transfer of 1,07,00,000 equity shares, representing 7.77% of its total share capital, within the promoter group. The transaction, scheduled to take place on or after June 16, 2026, involves the transfer of shares from Mrs. Sakshi Anand to Mr. Amit Anand by way of gift. The aggregate holding of the promoter and promoter group will remain unchanged before and after this transaction.

The proposed transfer falls under the exemption provided by Regulation 10(1)(a)(i) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as it involves an inter-se transfer among immediate relatives. The company confirmed that the necessary disclosures under Regulation 10(5) of the SEBI SAST Regulations have been submitted to the exchanges.

Mr. Amit Anand, the acquirer, currently holds 17.78% of the company's share capital. Post-transaction, his holding is expected to increase to 25.55%. Conversely, Mrs. Sakshi Anand, who currently holds 7.77%, will cease to hold any shares following the transfer. There is no consideration involved in this transaction as it is structured as a gift.

The disclosure confirms that all conditions specified under Regulation 10(1)(a) regarding exemptions have been duly complied with. The transfer is intended to be executed off-market.