Apis India Limited has announced receiving formal approval for a government subsidy to establish a new food processing facility. The company disclosed this development through a regulatory filing under SEBI (LODR) Regulations, 2015, highlighting a significant step in its expansion strategy.

Government Subsidy Approval Details

The Ministry of Food Processing Industries (MoFPI), Government of India, issued the sanction letter on March 13, 2026, under the Creation/Expansion of Food Processing & Preservation Capacities (CEFPPC) scheme of Pradhan Mantri Kisan Sampada Yojana (PMKSY).

Project Specifications

The approved project involves setting up a new unit for fruit and vegetable processing, specifically for jam production. The facility will be established in Roorkee, Uttarakhand, with a proposed capacity of 2400 MT per annum.

Strategic Impact

The financial assistance represents a substantial support for the company's expansion plans in the food processing segment. The subsidy approval is subject to fulfillment of certain terms and conditions as stipulated in the sanction letter issued by the Ministry. This development is expected to strengthen Apis India Limited's manufacturing capabilities and enhance its presence in the food processing industry.

Regulatory Compliance

The company made this disclosure on March 14, 2026, in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was signed by Managing Director Amit Anand, ensuring proper corporate governance and transparency in communicating material developments to stakeholders.

Apis India Limited has issued a corrigendum to correct an inadvertent typographical error in its earlier corporate announcement regarding the appointment of Mr. Vaibhav Mishra as Assistant General Manager-Sales, Non-GT & B2C Channel. The company clarified that the correct appointment date is March 12, 2026, not March 10, 2026 as previously disclosed.

Corrigendum Details

The correction was communicated to BSE Limited on March 13, 2026, through letter no. AIL/CS/2025-26/460. The corrigendum was issued pursuant to Regulation 30 read with Para A(7) of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Professional Background

Mr. Vaibhav Mishra brings substantial experience to his new role at Apis India Limited. His educational qualifications include a postgraduate degree in Marketing from IMR College, New Delhi, and a B.SC (Hons) from C.S.J.M University, Kanpur.

Experience and Expertise

Mishra has over 15+ years of rich and diverse experience across reputed organizations. His professional journey includes tenures with Rei Agro Ltd, Birla Group, and VRS Foods as his most recent assignment.

Regulatory Compliance

The company emphasized that all other details contained in the original disclosure remain unchanged. The corrigendum was signed by Amit Anand, Managing Director (DIN: 00951321), and the information has been made available on the company's website at www.apisindia.com . The appointment falls under the classification of Senior Management Personnel as per SEBI regulations.