Apis India Limited has disclosed a proposed inter-se transfer of 1,07,00,000 equity shares, representing 7.77% of the company's total share capital, within its promoter group. Scheduled for June 08, 2026, the transaction involves the gifting of shares from Mrs. Sakshi Anand to Mr. Amit Anand, both identified as promoters of the company. The transfer is exempt from making an open offer under Regulation 10(1)(a)(i) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as it involves immediate relatives.

The company stated that the aggregate holding of the promoter and promoter group will remain unchanged before and after the transaction. Mr. Amit Anand, the acquirer, has confirmed compliance with applicable disclosure requirements under Chapter V of the Takeover Regulations, 2011. The necessary disclosures were submitted to BSE Limited on June 02, 2026, by Prem Anand, Chairperson and Director of Apis India Limited .

Shareholding Details

The transfer will alter the individual shareholding percentages of the promoters while maintaining the group's total stake. Mr. Amit Anand's holding is set to increase, while Mrs. Sakshi Anand will cease to hold shares in the company following the transaction.

Transaction Structure

The acquisition is structured as an off-market inter-se transfer by way of gift. As there is no consideration involved, valuation metrics such as volume weighted average market price are not applicable to this transaction. The acquirer has declared that all conditions specified under the relevant regulations for exemptions have been duly complied with.

Apis India Limited has submitted a corrigendum to the stock exchange regarding the resignation of its National Sales Head, Sharad Vatss. The communication, dated May 24, 2026, addresses discrepancies in a previous disclosure filed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company clarified that the resignation letter of Mr. Vatss could not be attached to the initial filing due to an inadvertent oversight and administrative delay in processing the signed document. Despite the missing attachment, Apis India Limited stated that it had timely intimated the exchange regarding the cessation event to ensure prompt dissemination of material information.

Mr. Vatss tendered his resignation from the position of Senior Management Personnel designated as National Sales Head due to personal commitments and other personal reasons. The resignation was effective from the closure of business hours on April 15, 2026. In his resignation letter, he confirmed that there were no material reasons for his departure other than those stated.

The corrigendum includes the previously omitted resignation letter for the official records of the exchange. The company requested that the document be taken on record to complete the necessary compliance procedures.