Apis India Limited passed all three resolutions proposed at its 44th Annual General Meeting (AGM) held on September 30, 2026. The meeting, conducted via Video Conferencing/Other Audio-Visual Means (VC/OAVM), saw unanimous or near-unanimous approval for the adoption of financial statements, director re-appointment, and auditor appointment.

The scrutinizer's report confirmed that the resolutions were passed with the requisite majority. The AGM commenced at 1:07 pm and concluded at 1:56 pm. Members holding equity shares as on the cut-off date of September 23, 2026, were entitled to vote through remote e-voting prior to the meeting or through e-voting during the session.

Voting results for financial statements

The first ordinary resolution involved receiving, considering, and adopting the audited standalone and consolidated financial statements for the financial year ended March 31, 2026. This resolution received overwhelming support, with 100.00% of valid votes cast in favor. Only 7 members voted against, representing a negligible number of shares compared to the total votes polled.

Director re-appointment and auditor appointment

The second resolution concerned the re-appointment of Vimal Anand as a director retiring by rotation. This was approved by 99.93% of the valid votes cast. Ten members voted against this resolution, accounting for 96,145 shares.

The third resolution sought the appointment of M/s S S Kothari Mehta & Co. LLP as statutory auditors for a term of five consecutive years, from the conclusion of the 44th AGM until the conclusion of the 49th AGM. Similar to the re-appointment resolution, this item secured 99.93% support from shareholders. Nine members voted against, representing 96,135 shares.

What the numbers show

A close examination of the voting data reveals a distinct pattern in shareholder sentiment regarding management continuity versus operational oversight. While the adoption of financial statements drew virtually no opposition (0.00% against), both the re-appointment of the director and the appointment of auditors faced identical dissent levels from public non-institutional investors. Approximately 96,000 shares voted against these two specific governance-related items, suggesting a small but consistent block of minority shareholders expressing reservations about specific leadership or audit choices, despite supporting the broader financial reporting outcomes.

Apis India has convened its 44th Annual General Meeting on Wednesday, September 30, 2026, at 1:00 pm IST, to be held through Video Conferencing/other audio-visual means.

The AGM notice, issued on September 5, 2026, pursuant to Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, covers the financial year 2025-26. The communication follows an earlier intimation dated August 29, 2026, regarding the book closure period. The annual report and AGM notice are available on the company's website and are being dispatched to shareholders through permissible modes. Amit Anand, Managing Director, signed the communication.

Event schedule

Shareholders must note the following dates for participation and voting:

The book closure applies to the register of members and share transfer books for the purpose of annual closing. Shareholders holding shares as of the cut-off date of September 23, 2026, will be eligible to vote. E-voting is facilitated by Central Depository Services (India) Limited (CDSL). Members may join the AGM through VC/OAVM from 12:45 pm IST, 15 minutes before the scheduled start time.

AGM agenda

The meeting will transact the following ordinary business items:

• Item 1: Adoption of audited standalone and consolidated financial statements for the financial year ended March 31, 2026, along with the auditors' and Board of Directors' reports
• Item 2: Re-appointment of Mr. Vimal Anand (DIN: 00951380) as a director, who retires by rotation and is eligible for re-appointment
• Item 3: Appointment of M/s S S Kothari Mehta & Co. LLP, Chartered Accountants, New Delhi (Firm Registration No. 000756N/N500441), as statutory auditors for a term of five consecutive years from the conclusion of the 44th AGM until the conclusion of the 49th AGM to be held in the year 2031, at an annual remuneration of ₹20,00,000 for FY27, plus applicable taxes and reimbursement of out-of-pocket expenses

Statutory auditor transition

M/s G A M S & Associates LLP, Chartered Accountants, were appointed as statutory auditors at the 39th AGM for a term of five consecutive years. Their term concludes at the conclusion of the 44th AGM. The Board places on record its appreciation for their services during their tenure.

The proposed remuneration of ₹20,00,000 for M/s S S Kothari Mehta & Co. LLP for FY27 represents an increase of ₹12,00,000, or 150%, over the remuneration of ₹8,00,000 paid to the outgoing statutory auditors for FY26. M/s S S Kothari Mehta & Co. LLP is a firm of Chartered Accountants established in 1971, with pan-India presence and experience in audit and assurance, taxation, regulatory and other professional services across sectors including manufacturing, financial services, information technology and consumer products.

Director proposed for re-appointment

The following details pertain to Mr. Vimal Anand, proposed for re-appointment at the 44th AGM:

Mr. Vimal Anand is the Whole-time Director responsible for overseeing the company's export operations and international business development. He has received formal training in beekeeping and honey processing from the University of Warmia and Mazury, Olsztyn, Poland. He is the brother of Amit Anand, Managing Director, and son of Mrs. Prem Anand, Whole Time Director and Chairperson.