Apis India Limited reported a profit after tax of ₹2,425.04 lakh for the financial year ended March 31, 2026, an increase from ₹2,103.22 lakh in the previous year. Revenue from operations for the year stood at ₹39,627.75 lakh, compared to ₹35,417.45 lakh in FY25. The company's board approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 30, 2026.

Financial Performance

For the quarter ended March 31, 2026, the company recorded a profit after tax of ₹711.73 lakh, compared to ₹680.58 lakh in the corresponding quarter of the previous year. Total income from operations for the quarter was ₹10,194.33 lakh. The basic and diluted earnings per share (EPS) for the year were ₹1.86, compared to ₹1.84 in the prior year.

Auditor's Report

The statutory auditors issued an audit report with an unmodified opinion on the standalone and consolidated financial results. The auditors drew attention to disputed trade receivables amounting to ₹358.99 lakh, against which a provision of ₹729.85 lakh has been made. They also noted delays in the receipt of export proceeds aggregating to ₹524.03 lakh, for which the company has filed applications for condonation with the appropriate authority.

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.